Massachusetts-based company acquires prominent IT business in region

SARASOTA — After 25 years in the business, a technology solutions company in Sarasota has been acquired by Thrive, a Massachusetts-based NextGen managed services provider.

SouthTech has guided more than 275 companies in the region with tailored IT solutions according to a statement. Now, with the acquisition, those businesses can expect enhanced support through Thrive’s next-generation managed cybersecurity, collaboration and cloud services, company officials say. 

“For over 25 years, SouthTech’s mission (has been) to be a trusted long-term partner to companies by delivering custom technology solutions and being a people-first managed service provider,” says Nathan Bailey, CEO and COO of SouthTech, in the statement. “We’re excited to join the Thrive family as their overarching goal aligns with our values and IT service offerings as a technological guide for customer’s path to success.”

This is Thrive’s second acquisition in the state this year. According to the news release, Thrive is a security-first MSP that provides comprehensive managed services and expertise to drive secure digital transformation for small to mid-sized enterprises across multiple industries. 

“SouthTech’s team provides unique services for complex client technology issues which aligns very closely with our customer-centric approach,” says Rob Stephenson, Thrive’s CEO, in the release. “The Florida market is red hot, and we wanted to find the best MSP partner on the West Coast to promote the Thrive cybersecurity, Cloud and digital transformation platform into the region. SouthTech’s talented group of employees deliver that.”