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Thrive Acquires S7 Technology Group, Strengthens New York Financial Services’ Practice

S7 Technology Group, an information technology services provider for the financial industry, is now part of Thrive.

Thrive acquired the Manhattan-based technology company that provides full-service IT solutions and ongoing support to financial institutions. S7’s comprehensive end-to-end framework, Azure Partner status, and laser focus on the Private Equity industry support i provide a competitive edge for financial firms seeking to maximize their technology return on investment. 

This transaction provides S7’s clientele the availability to Thrive’s innovative Cyber Security, Microsoft Digital Transformation and Hybrid Cloud offerings built upon their ServiceNow automation platform.

“Adding S7 and their talented management team to the Thrive family signals our continued commitment to enhance our financial services practice, particularly in New York,” said Rob Stephenson, CEO of Thrive. “Thrive’s Cyber Security and advanced Microsoft Digital Transformation solutions, designed for financial customers, reinforce our mission to support the strategic technology needs of Private Equity firms with a unique blend of managed services, portfolio engagement services, and consulting to ensure security, compliance and performance.”

“For more than a decade, S7 Technology Group has enabled financial businesses to leverage the performance, security, and scalability previously only afforded to large enterprises and we’re thrilled to be joining the Thrive team,” said Scot Guido, CEO of S7 Technology Group. “We’re incredibly impressed by the level of automation and operational efficiencies of Thrive’s ServiceNow platform and the enhanced Cyber Security capabilities of their 24×7 Security Operations Center (SOC). Our clients will benefit greatly from our new partnership with Thrive.”

Scot Guido, CEO, Michael Bilenkis, CTO and Fred Bruno, COO, will all assume senior leadership roles in New York, home to Thrive’s largest office. The S7 transaction marks the 12th acquisition for Thrive since 2016.

Read the full press release here

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