Thrive Expands Its Reach with Acquisition of SNS
Thrive Expands Its Reach with Acquisition of SNS
Thrive, a prominent player in the technology outsourcing sector, has taken a significant step forward by acquiring Secured Network Services (SNS), renowned for its excellence in delivering IT solutions. This strategic move positions Thrive to enhance its footprint in New England, particularly in the New Hampshire market.
Expanding Services to New Markets
Through this acquisition, Thrive will introduce its superior global Security Operation Center (SOC) and Hybrid Cloud solutions to the diverse clientele of SNS, which includes healthcare institutions, non-profits, and municipalities. As regulatory challenges regarding cybersecurity deepen across various sectors, Thrive's entry into New Hampshire ensures that local businesses will have access to cutting-edge technology and guidance.
New Regulations and Compliance Needs
Cybersecurity regulations are evolving, with complex requirements arising within industries. Notably, numerous amendments to the Health Insurance Portability and Accountability Act (HIPAA) Privacy and Security rules are anticipated. By acquiring SNS, Thrive not only enhances its service offering but also bolsters its capability to provide clients with expert advice navigating the intricate web of regulations.
Commitment to Customer Care
Bill McLaughlin, CEO of Thrive, expressed enthusiasm about the shared commitment to customer service that Thrive and SNS embody. “SNS shares our philosophy of delivering top-notch technical expertise and unwavering support to clients,” he remarked. This synergy aims to maintain high-quality technology solutions tailored to the distinct needs of different sectors.
Continuing Growth Through Strategic Partnerships
This acquisition marks another milestone in Thrive's growth trajectory. Having successfully integrated eleven previous acquisitions within a two-year span, Thrive continues expanding. Recently, it added to its portfolio by acquiring firms like Safety Net and The Longleaf Network.
Investments to Fuel Further Expansion
The acquisition comes alongside a strategic investment from Berkshire Partners and Court Square Capital Partners. These partnerships will enable Thrive to scale its capabilities further, allowing for a broader range of services and enhanced operational efficiency in an increasingly competitive marketplace.
Future Goals and Aspirations
“We are eager to ramp up our growth and enhance the services we provide,” said Kevin Low, the Founder and CEO of SNS. The alignment of the companies’ missions signifies a promising future, ensuring that Thrive's NextGen solutions will now be available to SNS's clients, ultimately driving better technological outcomes and return on investment.
Conclusion
Thrive's acquisition of Secured Network Services not only enhances its market presence but also strengthens its ability to provide innovative cybersecurity and IT solutions. As the landscape of technology continues to evolve, such strategic actions solidify Thrive's position as a leader in the sector, dedicated to helping businesses navigate the complexities of their IT needs.
Frequently Asked Questions
What is the significance of Thrive's acquisition of SNS?
This acquisition allows Thrive to enhance its service offerings and expand its reach in the New Hampshire market.
How will this acquisition benefit customers?
Customers will gain access to Thrive's advanced technologies and expert guidance, helping them navigate complex regulatory environments.
What industries does SNS serve?
SNS provides IT solutions primarily to healthcare, non-profit, and municipal government sectors.
What has contributed to Thrive's growth recently?
Thrive's continuous expansion has been fueled by multiple acquisitions and strategic investments that bolster its service capabilities.
How does Thrive ensure customer satisfaction?
Thrive is committed to providing high-quality technology solutions with a focus on customer care and expertise.
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