InfoHedge to Become the Alternative Investment Hosting Division for Thrive

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Foxborough, Mass. – July 11, 2018 – Thrive, a leading provider of next generation managed services, proudly announces today that it has completed a transaction with InfoHedge Technologies, a leading financial services focused private cloud & managed services provider based in New York City.  InfoHedge will become a separate division within Thrive, focused on the alternative investment management & hedge fund community, with plans to expand its application hosting product set and geographic reach via Thrive’s next generation managed services platform and access to capital via M/C Partners, Thrive’s private equity financial sponsor.

Led by managing partners, Alexander Kouperman, Eugene Kushnirskiy, Felix Ilionskiy, Michael Curry and Lev Vinogradov, InfoHedge has grown to become a leader in the financial services sector, recently winning the 2018 Alternative Investment Award for excellence.  By servicing nearly 400 hedge fund, REIT, asset management and family office customers for over a dozen years, InfoHedge has developed a reputation as an innovator of Cloud, Application Hosting and Managed Services on its proprietary InfoHedge Hosted PlatformTM.

“Thrive is excited to expand our rapidly growing Cloud Hosting business with additional penetration into the financial services vertical,” said Rob Stephenson, Thrive’s CEO.  “The opportunity for InfoHedge’s customers to take advantage of Thrive’s unbundled next generation managed services and our clients to have access to the InfoHedge Hosted PlatformTM is a powerful story for the marketplace and a strong motivator behind the deal.”

“On behalf of my partners and employees, we’re thrilled to announce that InfoHedge will become the Alternative Investment Hosting Platform for Thrive, joining one of the largest and most respected technology services firms in the Northeast,” said Alexander Kouperman, InfoHedge’s President.  “With the unprecedented growth we’re currently experiencing, InfoHedge was focused upon finding the right partner to help us scale and continue providing superior service to our FinTech client community.  Thrive and their financial sponsor, M/C Partners, stepped up to the table and were a perfect fit for our strategic goals of expanding InfoHedge’s Cloud, Managed Services and Application Hosting leadership position within the Alternative Investment space.”

All five managing partners of InfoHedge will continue to run the division within Thrive under the direction of Marc Pantoni.  Mr. Pantoni was recently named Thrive’s President after merging his New York-based managed services firm, Precision IT, with Thrive in 2017.  Precision IT also had a strong proficiency in financial services, with more than 70% of their clients in the Private Equity & Asset Management industries.

“The InfoHedge acquisition brings additional Cloud, Hosting and Application Management capabilities to the current Thrive platform, which we feel is strongly positioned for tremendous growth as part of our continued strategic mission,” said Gillis Cashman, Thrive’s Chairman and Managing Partner at M/C Partners.

Morgan Partners acted as the exclusive advisor for the transaction on behalf of InfoHedge. Choate, Hall & Stewart served as legal counsel to Thrive and M/C Partners. Burns & Levinson served as legal counsel to InfoHedge.

About Thrive

Thrive is a leading next generation managed services provider.  The Thrive technology solutions suite utilizes Cloud, Cyber Security, Networking, Disaster Recovery and other pioneering managed services to help compliance-driven businesses solve complex IT issues. Thrive was acquired by M/C Partners in 2016 as a Northeast United States growth platform to service the Financial Services, Healthcare, Biotech, Life Sciences, Banking and other mid-market verticals. In developing this new technology service ecosystem, Thrive is uniquely positioned to offer compliance-based solutions to its valued client base. For more information, visit www.thrivenetworks.com

About InfoHedge

InfoHedge Technologies is a premier infrastructure-as-a-service managed service provider to the financial services community. InfoHedge’s flagship product, InfoHedge Hosted Platform (“IHP”), provides a turnkey, enterprise-grade, fully managed private cloud infrastructure on par with those of Tier 1 banks without the associated capital expenditures, design and maintenance. InfoHedge also hosts mission-critical business applications and provides related IT services and support. IHP is a single-custody solution (e.g., all software and data are housed on equipment owned and operated by InfoHedge) architected with best practices garnered from years of experience managing complex trading platforms for demanding clients. InfoHedge’s customers include Hedge Funds, Prime Brokers, Broker Dealers, Asset Managers, Investment Advisors, Private Equity and Investment Banks with a combined client base on the buy side that exceeds $550B AUM. InfoHedge is headquartered in New York City, with additional employees in Boston, Chicago, Dallas, San Francisco, Connecticut, and Florida.

About M/C Partners

M/C Partners is a private equity firm focused exclusively on the communications, media, and information technology sectors. The firm has invested over $2.2 billion of capital into nearly 100 companies in those sectors. M/C-backed companies include Cavalier Telephone, Denovo, Ensono, Everstream, Fusepoint, ICG Communications, Involta, Legendary Pictures, Lightower, MetroPCS, NuVox, and Zayo Group. The firm has strong institutional backing from the nation’s leading pension funds and endowments as well as a long track record of success. M/C Partners has offices in Boston and San Francisco. For more information, visit www.mcpartners.com.

For media inquiries, please contact:
Brian J. Hawthorne, Vice President of Marketing
bhawthorne@thrivenetworks.com
617-952-0242

View source version here: https://thrivenextgen.com/infohedge-to-become-the-alternative-investment-hosting-division-for-thrive/

Cuba Burch Berner

Cuba Burch Berner is an Associate at M|C Partners, where he focuses on investment opportunities in digital infrastructure and technology services. Prior to joining the firm in 2022, Cuba was an Equity Research Associate at Citi covering infrastructure companies within the telecommunications industry, including data centers and wireless towers. He holds a B.S. in Mathematics with a specialization in Economics from the University of Chicago. Cuba currently lives in Boston’s West End and enjoys  a myriad of outdoor activities including running, swimming, hiking, and skiing.

Joined

2022

AFFILIATED PORTFOLIO

Contact

BOARD POSITIONS

AccentHealth

AccentHealth operates an out-of-home advertising network that reaches over 12,000 physician office waiting areas in the U.S. – JOHN WATKINS

TEAM MEMBERS

SECTOR

IT SERVICES

James F. Wade

Jim Wade co-founded M/C Partners in 1986 with Dave Croll. He has been investing in communications and technology services since the advent of wireless and broadband, cornerstones of the firm’s sector focus. As a founding managing partner, he manages the firm’s investment process, and continuously seeks out management teams, company prospects and financial resources to grow the portfolio. Jim’s successful track record includes MetroPCS (IPO), Lightower Holdings (acquired by Berkshire Partners), Triad Communications (acquired by T-Mobile), Brooks Fiber Properties (IPO and sale to AT&T Wireless), Cavalier Telephone (acquired by PAETEC), NuVox Communications (acquired by WindStream), Attenda (acquired by Darwin Private Equity), Melita (acquired by Apax Partners), PR Wireless (joint venture with Sprint affiliate in Puerto Rico), Thrive Networks (acquired/recapitalized by Court Square) and Involta (acquired by Carlyle Group). Today he serves as a director on the Board of Connectivity Wireless and has responsibility for Omega Wireless. Jim graduated from the University of Notre Dame a B.B.A in Finance and received an MBA from Harvard Business School. He lives outside Boston with his wife and four children. Jim was an avid boater and is now an average golfer.

JOINED

1986

Contact

BOARD POSITIONS
Connectivity Wireless

 

Connectivity
Wireless
Involta

Abhishek Rampuria

Abhishek (A.B.) is a Partner at M/C Partners, where he leads origination, deal diligence and portfolio company support for investments in a variety of communications and technology services segments. He currently serves on the Board of Ascend Technologies, Connectivity Wireless, Edafio Technology Partners, TowerCom and serves as a Board Observer for Thrive Networks. A.B. previously served as a Board Observer for Ensono (acquired by KKR) and QOS Networks (acquired by Zayo). Prior to joining M/C Partners in 2015, A.B. worked at Altman Solon (formerly Altman Vilandrie), a technology, media & telecommunications focused strategy consulting firm, where he completed projects for both operating companies and private equity investors. A.B. received a B.S. in Materials Science & Engineering from the Massachusetts Institute of Technology. He lives in Boston’s South End and outside of work, enjoys skiing, cycling, traveling and cheering on his home-town Patriots and Celtics.

Joined

2015

AFFILIATED PORTFOLIO

Thrive Networks

Contact

BOARD POSITIONS

Ascend Technologies
Connectivity Wireless
Edafio Technology Partners
TowerCom