Thrive Acquires Canadian-based Storagepipe

April 25, 2023

Thrive Acquires Canadian-based Storagepipe

The acquisition of the Toronto & Ottawa based Cloud, Data Protection, Cybersecurity & Managed Services Provider expands Thrive’s NextGen operations in North America

FOXBOROUGH, Mass.– Thrive, a premier provider of Cybersecurity, Cloud and Digital Transformation Managed Services, announced today that it has acquired Storagepipe, a world-class Cloud, Data Protection, Managed Services and Cybersecurity provider based in Toronto, Ontario. The acquisition will further expand Thrive’s global presence while allowing Storagepipe clients to leverage Thrive’s next-generation managed Cybersecurity and Cloud services, all powered by a proprietary automation platform.

Since 2001, Storagepipe has been a trusted global provider of IT Infrastructure Services with a scalable multi-tenant architecture delivered from data centers in Canada, the United States, and the United Kingdom.

“Thrive is excited to welcome Storagepipe to help accelerate our rapidly expanding international footprint, especially in Toronto as a key Financial Services Hub,” said Rob Stephenson, CEO of Thrive. “Storagepipe’s growing customer base across multiple industries in the Enterprise, Mid-Market and SMB will add tremendous value to Thrive’s Managed Services, Cloud and Cybersecurity offerings in the Canadian market.”

Storagepipe offers comprehensive Backup-as-a-Service (BaaS) and Disaster Recovery-as-a-Service (DRaaS) platforms, including Disaster Recovery for VMware and Hyper-V systems and IBM I (AS/400, iSeries). The company is a Microsoft Cloud Service Provider with an extensive portfolio of Microsoft 365 services. In 2020, Storagepipe was recognized as a Veeam Impact Partner – VCSP Growth Partner of the Year and in 2021 was recognized as Veeam Service Provider of the Year in Canada.

“Storagepipe is proud to have delivered highly flexible and responsive BaaS, DRaaS and Managed Services for 20+ years with outstanding value and service using state-of-the-art technology,” said Steven Rodin, CEO and President of Storagepipe. “We are excited to join Thrive and expand its NextGen portfolio with our innovative and extensive Cloud and Disaster Recovery solutions that focus on trust, responsiveness, reliability and scalability.”

Storagepipe is Thrive’s third acquisition based outside of the U.S. since 2021, further strengthening Thrive’s global position as a leading technology provider delivering end-to-end managed services to drive secure digital transformation for small to mid-sized enterprises across multiple industries.

For more information on Thrive, visit thrivenextgen.com.

About Thrive
Thrive is a leading provider of NextGen managed services designed to drive business outcomes through application enablement and optimization. The company’s Thrive5 Methodology utilizes a unique combination of its Application Performance Platform and strategic services to ensure each business application achieves peak performance, scale, uptime, and the highest level of security. For more information, thrivenextgen.com.

MEDIA CONTACT:
Stephanie Farrell – Thrive, VP of Marketing – 357853@email4pr.com / 617-952-0289

ORIGINAL SOURCE: https://www.prnewswire.com/news-releases/thrive-acquires-canadian-based-storagepipe-301806376.html

Zack Halpryn

Zack Halpryn is an Associate at M|C Partners, where he focuses on investment opportunities in the digital infrastructure and technology services sectors. Prior to joining MC, Zack worked at HarbourVest Partners, where he was focused on buyout and growth equity investments. Previously he worked at Performance Equity Management and Credit Suisse. Zack received a B.B.A in Finance (summa cum laude) from the Isenberg School of Management at UMass Amherst. He currently lives in Boston’s West End and in his spare time enjoys playing sports (volleyball, basketball, golf), reading and watching the Celtics.

Joined

2023

AFFILIATED PORTFOLIO

AccessParks
Ascend Technologies
Carbon60
Denovo
TowerCom

Contact

BOARD POSITIONS

celito

Established in 1999 and based in Raleigh, is a trusted, local communications and managed services provider to businesses leveraging its fully owned fiber network. celito creates technology solutions for businesses across all sectors both large and small. From supplying high-speed Internet service, to providing quality VoIP telecom service, to setting up your office network, they offer turnkey solutions from the desktop to the cloud

TEAM MEMBERS

GSC

RDC

KA

SECTOR

Jason P. Stutman

Jason Stutman is a Senior Fund Accountant at M/C Partners, responsible for the cash management of co-investment vehicles, preparing quarterly financial statements, and communication with Limited Partners. Prior to joining the firm in 2023, Jason worked in the Portfolio Analytics Group at HarbourVest Partners. He earned a BSBA with honors in Finance with a minor in Computer Information Science from The Ohio State University. Jason lives in South Boston and enjoys cheering on Boston sports teams, playing hockey and golf and traveling.

Joined

2023

AFFILIATED PORTFOLIO

Contact

BOARD POSITIONS

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

Contact

AFFILIATED PORTFOLIO

Ascend Technologies
Consortium Networks
C3 Integrated Solutions
SoniqWave

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

JWW

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 Chairman, 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), 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

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