Thrive Enhances Florida Presence with the Acquisition of DSM

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As the leading CJIS Cloud, Datacenter & Managed Services Provider in Florida, DSM will provide Thrive with a State, Local & Education (SLED) platform from which to expand nationally

June 24, 2022  

FOXBOROUGH, Massachusetts

Thrive, a premier provider of NextGen Managed Services, announces today that it has acquired DSM, a Florida-based provider of managed IT services to State, Local, and Education (SLED) government agencies. The acquisition will enable DSM’s existing government and corporate clients to benefit from Thrive’s next-generation managed cybersecurity, global Cloud footprint, and Microsoft collaboration services while strengthening Thrive’s offering to SLED agencies across the US.

Founded in 1986, DSM has been helping clients achieve their IT goals by providing innovative solutions for data protection, disaster recovery, and managed cloud services bolstered by their CJIS compliant data centers. Focusing on data assurance, DSM offers clients the ability to survive and recover quickly from a data breach or ransomware attack, ensuring business continuity. DSM’s expert team of highly qualified professionals develop flexible and cost-effective solutions that address the challenges of customers that serve commercial, government, and CJIS-bound agencies.

“DSM is a leader in the SLED space with significant traction in the state of Florida. With this partnership, they’ll be able to augment their Cloud-based service offerings via Thrive’s SOC and comprehensive suite of cybersecurity services,” said Rob Stephenson, Thrive’s CEO. “DSM’s talented engineers and experienced management team will help to greatly enhance our rapidly growing Florida presence, as well as position the SLED vertical to go national under their leadership.”

“For over three decades, DSM’s primary objective for our clients has been to optimize their digital transformation and their journey to the Cloud,” said David Robinson, CEO and Founder of DSM. “We are delighted to be the newest members of the Thrive family as their dedication to providing a personalized IT path towards customer satisfaction complements our commitment to total IT peace of mind for our clients.”

Robinson and Greg Madden, DSM’s COO, will assume senior leadership roles and helm the newly established Thrive SLED group as a special unit focusing on existing government business in Florida, Alabama, and Massachusetts. In addition, Robinson and Madden will assist in Thrive’s expansion of state and local contracts up and down the East Coast.

DSM is now the third acquisition by Thrive in Florida in the last six months and builds upon its established presence in the Southeast region. Thrive is a security-first MSP that delivers comprehensive managed services and unmatched expertise 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 takes advantage of technology that enables peak performance, scale, and the highest level of security. For more information, thrivenextgen.com.

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About DSM

DSM redefines our client’s business outcomes that they consider possible from their IT infrastructure ensuring that their data is protected and available when and where they need it, saving time and money. As our clients embark on their journey to trusted data availability, DSM guides them, allowing them to focus on their core business, rather than the technology that runs it.

MEDIA CONTACT: Patrick Reilly – Zer0 to 5ive, for Thrive 732-687-4683 | patrick@0to5.com

ORIGINAL SOURCE: https://thrivenextgen.com/thrive-enhances-florida-presence-with-the-acquisition-of-dsm/

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.

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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

 

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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.

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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.

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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.

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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.

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