SELL-SIDE ADVISOR
Abacode
M&A Advisory
A Portfolio Company Of
Has Been Acquired By
A Portfolio Company Of
Transaction Details
On July 8, 2025, Thrive, a global technology outsourcing provider for cybersecurity, Cloud, and IT managed services, announced the acquisition of Abacode.
With the acquisition of Abacode, the company is doubling its commitment to enhancing its governance, risk, and compliance offerings to empower mid-market businesses to meet evolving regulatory requirements. Abacode’s unique approach, which integrates cybersecurity and compliance into a single comprehensive program, aligns with Thrive’s mission of providing simplified, yet holistic, security and IT to their customers, eliminating headaches and allowing businesses to focus on what matters most to them.
According to Michael Ferris, CEO of Abacode, “Thrive has an established reputation for having enterprise-grade infrastructure and global support, offering clients unmatched expertise and scalability. We’re looking forward to being part of this expert delivery and further helping our clients as part of the Thrive team.”
About the company
Abacode
Abacode is a leading Managed Cybersecurity & Compliance Provider (MCCP) based in Tampa, Florida. Abacode specializes in holistic, outcome-driven cybersecurity solutions and governance programs that help businesses transform their cyber risk management strategies and turn compliance challenges into competitive advantages.
Thrive
Thrive delivers global technology outsourcing for cybersecurity, Cloud, networking, and other complex IT requirements. Thrive’s NextGen platform enables customers to increase business efficiencies through AI, standardization, scalability, and automation, delivering oversized technology returns on investment (ROI). They accomplish this with advisory services, vCISO, vCIO, consulting, project implementation, solution architects, and a best-in-class subscription-based technology platform. Thrive delivers exceptional high-touch service through its POD approach of subject matter experts and global 24x7x365 SOC, NOC, and centralized services teams.
Sources: Company Press Release
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