Tier1Net Chief Executive Officer Marc Capobianco

USA based Thrive, provider of management services has announced that it has acquired Tier1Net of Woburn, MA, a Financial Services sector focused Managed Services Provider. Tier1Net is now the fifth company to be acquired by Thrive under private equity owner, M/C Partners, along with Corporate IT Solutions of Norwood, MA, Precision IT Group of New York, NY, BizCompass of Westbrook, ME, and InfoHedge Technologies of New York, NY. This acquisition of Tier1Net will further strengthens Thrive’s New England Financial Services with engineering staff and extensive vertical industry knowledge.

Tier1Net Chief Executive Officer Marc Capobianco spoke about the recent acquisition “The combination of Thrive and Tier1Net is truly a technology gamechanger for New England Financial Institutions, the expanded product and services capabilities that our clients will gain as a result of this transaction will benefit them all. It’s a pleasure to be joining this first-class organization that has become one of the leading MSPs in the Northeast.”

Mr. Capobianco, Founder and Chief Executive Officer of Tier1Net, will join Thrive as an Executive Vice President and managing partner leading the New England & Corporate FinTech Practice. Matt Chabot, Co-Founder and Chief Technology Officer of Tier1Net, will also become a Thrive executive in a senior technology role reporting to Mr. Capobianco and overseeing the New England Financial Services practice.

Thrive is an application provider for Enterprises in a Cloud and SaaS-based world in the United States. Thrive optimizes business application performance with their managed Services, which include Public, Private & Hybrid Cloud management, Cybersecurity, Networking, Disaster Recovery and more.

Avatar
by Megha Bhattacharya
Market Analyst at IBS Intelligence
imp-loader
preloader