InfoHedge, a financial services-focused private cloud & managed services provider based in New York City, is to become a separate division within managed services provider Thrive.
InfoHedge will focus on the alternative investment management and 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 (pictured), Eugene Kushnirskiy, Felix Ilionskiy, Michael Curry and Lev Vinogradov, InfoHedge has been servicing nearly 400 hedge fund, REIT, asset management and family office customers for over a dozen years, and has developed a reputation as an innovator of Cloud, Application Hosting and Managed Services on its proprietary InfoHedge Hosted Platform.
“Thrive is excited to expand our rapidly growing Cloud Hosting business with additional penetration into the financial services vertical,” says 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 Platform 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,” says 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. 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 per cent 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,” says 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.