CHESTERFIELD, Mo. & SWANZEY, NH–(BUSINESS WIRE)–True North Networks has partnered with RightSize Solutions to become Visory, a leading provider of technology management, cybersecurity and hosting solutions for independent registered investment advisors (RIAs).
True North Networks provides SEC compliant technology solutions, network security and support to independent RIAs and other businesses across the country. RightSize Solutions also provides IT management and cybersecurity services to RIAs. The companies are among the leading providers of cloud hosting solutions for RIAs 2022 T3/Insider Information Survey1. Together as Visory, the combined company provides RIAs with the most flexible, enterprise-grade technology and cybersecurity solutions that scale to support organizations of all sizes.
Prior to the combination, True North Networks and RightSize Solutions were independent portfolio companies of Bluff Point Associates, a private equity firm based in Westport, Connecticut.
“Visory is here to be your organization’s hands-on partner in digital transformation, because world-class technology and cybersecurity should be accessible to every organization,” said Bob Hollander, Visory Chief Executive Officer. “By bringing together complementary IT skills and expertise with a broad pool of resources, we will continue to raise the bar for service and help customers leverage technology to do their business better.”
“Our commitment to providing robust IT solutions and support for RIAs is as strong as it was when we opened our business 20 years ago,” said Steven Ryder, founder of True North Networks and Visory’s chief strategy officer. “Combining with RightSize was the natural next step for our company and I look forward to being a part of Visory’s future growth.”
“After many years of competing against each other, I’m excited to finally work and collaborate with Steven – we share a passion for helping advisors stay connected, stay cyber-secure, and stay compliant with innovative technology serving RIAs and others.” really works,” said Wes Stillman , founder of RightSize Solutions and Visory’s chief technology officer.
Headquartered in Chesterfield, Missouri, Visory will continue to operate with its remote workforce and retain its existing offices in Lenexa, Kansas, Swanzey, New Hampshire, and Scarborough, Maine. The company’s hosting services business for accounting and construction companies will continue to operate as Swizznet.
As a result of this transaction, Visory is actively recruiting talent across the company.
Visory is the hands-on technology partner for independent financial advisors, accounting and construction firms, and other businesses. The company combines in-depth knowledge of the best business-centric software with proven industry expertise to provide thoughtful technology solutions and support that help businesses grow. The company is headquartered in Chesterfield, Missouri with remote employees and other offices across the United States. Visit www.visory.net for more information.
About True North Networks
Founded in 2002, True North Networks, a Visory company, provides managed IT services, hosting and support to independent RIAs and other organizations of various sizes across the country. The company works with leading technology companies to provide information and network security, support and resolve IT issues before they cause costly downtime. Visit www.truenorthnetworks.com for more information.
About RightSize solutions
Founded in 2002, RightSize Solutions, a Visory company, helps RIAs and other wealth managers gain a competitive advantage and do better business with technology. RightSize was the premier provider of outsourced technology management and cloud-based cybersecurity solutions to the RIA industry. The company is committed to helping independent consultants achieve business excellence in a secure and compliant operating environment. Visit www.rightsize-solutions.com for more information.
About Bluff Point Associates
Bluff Point Associates is a private equity firm based in Westport, Connecticut. Bluff Point actively invests in the healthcare information services sector and in information services companies that support the banking, trust, securities, pensions and wealth management sectors of the financial services industry. The Bluff Point team has decades of combined experience in identifying a company’s growth potential and working with its management to realize that potential. For more information about Bluff Point, visit www.bluffpt.com.
12022 T3/Inside Information Survey by Joel Bruckenstein and Bob Veres, May 2022.