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2025-02-18
In a strategic move to bolster its cybersecurity capabilities and extend its regional reach, Thrive, a global technology outsourcing provider, has announced its acquisition of Secured Network Services (SNS), a prominent New Hampshire-based IT provider. This acquisition will strengthen Thrive’s position in New England, particularly in industries like healthcare, non-profit, and municipal government, while enhancing its already robust cybersecurity and hybrid cloud offerings.
Summary:
On February 13, 2025, Thrive revealed its acquisition of Secured Network Services (SNS), an IT service provider based in New Hampshire. This deal allows Thrive to expand its footprint in New England and deliver its industry-leading Security Operation Center (SOC) and Hybrid Cloud solutions to SNS customers, particularly in sectors facing increasing regulatory complexity such as healthcare, non-profit, and municipal government.
As regulations, like HIPAA’s proposed changes to privacy and security rules, grow more complicated in 2025, Thrive aims to offer deeper industry insights and more comprehensive services to its customers. Thrive’s CEO, Bill McLaughlin, praised SNS for its technical expertise and commitment to customer service, which aligns with Thrive’s core values.
The acquisition is part of Thrive’s broader growth strategy, which includes a series of successful acquisitions over the past two years. These include recent acquisitions in Michigan and North Carolina. Thrive is also backed by strategic investments from Berkshire Partners and Court Square Capital Partners, which will enable further expansion and scaling of the company’s capabilities.
SNS’s Founder and CEO, Kevin M. Low, expressed enthusiasm about joining Thrive, noting the alignment of both companies’ missions to help businesses navigate complex IT landscapes and maximize their technology ROI.
What Undercode Says:
This acquisition marks an important strategic step for Thrive, especially as it seeks to expand its cybersecurity and IT managed services footprint in the increasingly complex regulatory environment. By acquiring SNS, Thrive does not just enhance its geographical presence in New Hampshire, but also strengthens its vertical expertise in industries that are facing regulatory pressures, like healthcare and government.
What stands out in this move is Thrive’s commitment to keeping pace with the evolving needs of the industries it serves. The increasing complexity of regulations, particularly in sectors like healthcare, demands that companies like Thrive provide more than just technical solutions—they must offer deep industry insights and guidance to help customers navigate these changes.
With the proposed changes to HIPAA in 2025, Thrive is positioning itself as a go-to partner for organizations that need expert help staying compliant and secure. The deep vertical knowledge that SNS brings to the table will be key for Thrive to maintain its leadership position in these specialized sectors.
Additionally, Thrive’s focus on delivering 24x7x365 service and utilizing its advanced global Security Operation Centers (SOC) will undoubtedly appeal to businesses looking for continuous, proactive monitoring of their IT infrastructure. The company’s ability to provide high-touch service with subject-matter experts through its POD approach sets it apart from competitors in the managed services space.
This acquisition also positions Thrive as a significant player in the hybrid cloud and cybersecurity sectors, particularly for small to mid-sized businesses that need specialized services but cannot afford large-scale in-house IT teams. With its scalable solutions, Thrive is able to provide enterprise-level capabilities to organizations of all sizes.
Thrive’s growth strategy, backed by substantial investments from Berkshire Partners and Court Square Capital Partners, is indicative of the company’s ambition to continue expanding its service offerings. By continually acquiring new expertise and technology, Thrive is positioning itself as a forward-thinking company that can adapt to the rapid evolution of IT and cybersecurity challenges.
Moreover, Thrive’s approach of integrating companies like SNS into its broader platform ensures that their customers are not just acquiring a service, but are becoming part of a robust ecosystem that can support their long-term business needs. The combination of Thrive’s NextGen platform and SNS’s technical expertise will give businesses the tools they need to enhance efficiency, scalability, and security across their operations.
In conclusion, Thrive’s acquisition of Secured Network Services is more than just a geographical expansion. It’s a clear signal of Thrive’s strategic intent to dominate the managed services and cybersecurity space by combining deep technical expertise with industry-specific insights. This acquisition should set the stage for Thrive to continue its aggressive growth trajectory while helping its customers stay secure and compliant in a constantly evolving digital world.
References:
Reported By: https://www.darkreading.com/cloud-security/thrive-acquires-secured-network-services
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