True North Networks has joined forces with RightSize Solutions to become Visory, a 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 cloud hosting solutions providers for RIAs, according to the 2022 T3/Inside Information Survey. Together as Visory, the combined entity offers RIAs flexible enterprise-level technology and cybersecurity solutions that can scale to support firms of any size.
Prior to the combination, True North Networks and RightSize Solutions were independent portfolio companies of Bluff Point Associates, a Westport, Connecticut-based private equity firm.
“Visory is here to be your firm’s hands-on partner in digital transformation, because world-class technology and cybersecurity should be accessible to every organization,” said Bob Hollander, Chief Executive Officer of Visory. “As we bring together complementary IT capabilities and expertise with a deep bench of resources, we’ll continue to raise the bar on service and help clients use technology to do business better.”
“Our commitment to delivering robust IT solutions and support to RIAs is as strong as when we opened for business 20 years ago,” said Steven Ryder, the founder of True North Networks and the Chief Strategy Officer of Visory. “The combination with RightSize was the natural next step for our business, and I’m excited to be a part of Visory’s growth going forward.”
“After many years of competing with one another, I’m excited to finally collaborate and work with Steven – we share a passion for helping advisors stay connected, cybersecure and compliant with innovative technology that really works for RIAs and others,” said Wes Stillman, the founder of RightSize Solutions and Visory’s Chief Technology Officer.
With headquarters in Chesterfield, Missouri, Visory will continue operating with its remote workforce, and keep its existing offices in Lenexa, Kansas, Swanzey, New Hampshire, and Scarborough, Maine. The company’s hosting services business for accounting and construction firms will continue to do business as Swizznet.
Visory is actively recruiting for talent across the entire organization as a result of this transaction.