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Thrive acquires InfoHedge Technologies

Thursday, July 12, 2018
Opalesque Industry Update - 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.

InfoHedge Technologies is a premier infrastructure-as-a-service managed service provider to the financial services community. InfoHedge's flagship product, InfoHedge Hosted Platform, 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.

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