Thrive appoints Matt Kosovsky as Chief Financial Officer
Thrive has appointed Matt Kosovsky as Chief Financial Officer following a period of growth and acquisitions at the managed services and cybersecurity provider.
Kosovsky joins the executive team with experience in private equity-backed businesses. Most recently, he served as an Operating Director in the Portfolio Support Group at Berkshire Partners and previously held advisory roles at Deloitte & Touche.
The Boston-based company is continuing to expand across managed IT, cybersecurity, cloud and AI-related services. Over the past year, it completed five acquisitions and expanded its Managed AI Services business.
As CFO, Kosovsky will oversee financial strategy and performance management as Thrive grows. His remit includes improving operational discipline and supporting investment decisions across the business.
Bill McLaughlin, Thrive's chief executive, said Kosovsky had already influenced the business since joining.
"In the short time he's been onboard, Matt has already made a significant impact on Thrive. He's helped us better instrument the business from both a financial and operational perspective, bringing greater visibility, discipline, and insight into how we run the company. We know Matt will be instrumental in helping us build a scalable, data-driven operating model as we continue to grow, expand, and acquire new companies and capabilities," McLaughlin said.
Thrive provides outsourced IT and security services to organisations seeking to combine cloud, cybersecurity and broader technology management under a single provider. It describes itself as a global technology outsourcing business focused on AI, cybersecurity, cloud and managed IT services.
Growth phase
The finance leadership change comes as many technology services companies face pressure to balance expansion with tighter control over costs and performance. For acquisitive managed service providers, the CFO role is often central to integrating acquired businesses, monitoring margins and setting capital priorities.
Thrive indicated that Kosovsky's background in portfolio support and advisory work influenced the appointment. That experience can be particularly relevant for businesses pursuing rapid expansion, where acquisition activity and operational reporting are closely linked.
McLaughlin's comments also suggest a focus on stronger internal measurement and reporting. The emphasis points to a push for closer oversight of performance as the company scales its operations and broadens its service mix.
Kosovsky said market demand for outsourced technology and security services shaped his decision to join Thrive.
"With so many organizations rethinking how they secure and manage their IT environments and AI deployments, joining Thrive could not come at a more exciting time. As demand for integrated cloud, cybersecurity, and AI services continues to accelerate, and the demand for service remains at an all-time high, Thrive is well-positioned to capture the moment. From my early days here working closely with the team, I know we will scale Thrive's impact, drive disciplined growth, and invest in the capabilities that matter most to our customers," Kosovsky said.
His appointment adds senior finance leadership at a stage when Thrive appears to be broadening both its service offering and geographic reach. The company has also been investing across people, process and technology as part of its operating model.
That expansion has come alongside broader demand from organisations reassessing how they manage technology infrastructure, cyber risk and newer AI deployments. Managed service and security providers have increasingly positioned themselves as external partners for companies seeking to consolidate suppliers or access specialist expertise without building every function in-house.
For Thrive, the appointment signals another step in formalising the financial controls and reporting structures needed to support that model at greater scale.