Thrive Networks Acquired by Staples Inc.- Concord, MA
Thrive Networks, a privately held provider of IT services to small businesses in the greater Boston area, has been acquired by Staples, the office supplies retailer. Founded in 2000, Thrive employs about 60 people and has about 250 small and midsize business customers. The company reported 30-60% year-over-year revenue growth since its inception. Terms of the acquisition by Staples were not disclosed.