— Tech Industry’s Most Prestigious List of Managed Service Providers Worldwide
Annual Channel Futures MSP 501 Identifies Best of the Best in the Managed Services Industry
JUNE 26, 2024: Ocean Solutions ranks among the world’s top-performing managed service providers in the prestigious 2024 Channel Futures MSP 501 rankings. The Channel Futures MSP 501 list, a technology industry benchmark, ranks companies based on their growth, profitability and innovation.
For the past 17 years, managed service providers around the globe have submitted applications for inclusion on this prestigious and definitive listing. It is a milestone achievement for any managed services organization to be included on the list. The Channel Futures MSP 501 survey uses a quantitative methodology to rank companies based on their annual revenue, profitability measured by EBITDA, and recurring revenue. A Who’s-Who of the managed services industry developed the methodology.
MSPs that qualify for the list must also pass a rigorous review conducted by the Channel Futures research team and editors. Channel Futures ranks applicants with a unique methodology that evaluates financial performance based on long-term health and viability. It also considers commitment to recurring revenue and operational efficiency.
Channel Futures proudly names Ocean Solutions to the 2024 MSP 501.
This year’s list is one of the most competitive in the survey’s history. Channel Futures will recognize winners on their website and honor them during a special ceremony at the MSP Summit, held from Sept 16-19, 2024, in Atlanta, GA.
The Best in Technology Services
The MSP 501 represents the best in the technology services industry, offering exceptional vendor and platform-neutral advice. They deliver value to small, midsized, and enterprise customers alike. This year, the MSP 501 generated aggregate revenue of nearly $25 billion with average growth or recurring revenue of 19%. These are truly the best of the best. Many of their services and technology offerings focus on customer needs in areas like AI, cloud, and security. They also provide solutions for collaboration, networking, help desk, and remote monitoring and management.
The Channel Futures MSP 501 is responsible for keeping their global customers safe, connected and efficient.
“The 2024 Channel Futures MSP 501 winners survived a challenging market and emerged as the highest performing and most innovative IT providers in the industry today,” said Dave Raffo, MSP editor and MSP 501 project manager. “The most impressive thing about the MSP 501 winners is they deliver for their customers every day. These are the most innovative, driven, and successful MSPs in a fiercely competitive industry.”
“For a managed service provider to attain a spot on the Channel Futures MSP 501 everything must be operating at peak performance. This list represents the most productive, profitable, fastest-growing, organizations in the technology industry focused on driving their customers to new heights.” said Bob DeMarzo, VP Content, Informa Channels.
The Best of the Best in Managed Services
“These are the best of the best in the managed services industry as defined by Channel Futures’ extensive research. The MSP 501 companies are the most sought after by peers who want to understand today’s best practices and by technology suppliers who want to partner with these organizations,” DeMarzo stated. “At their core, these are vendor and platform neutral partners focused on doing what is right for their customers.”
The Channel Futures media organization, owned and operated by Informa, is the only channel-centric events, media and research company that can provide such insight into the managed services market.
The data collected by the annual MSP 501 helps every company on the list and every provider with a managed services practice, benchmark their performance and uncover new ways to grow.
Background
The 2024 MSP 501 list is based on confidential data collected and analyzed by the Channel Futures research and editorial teams. Data was collected online from February to May, 2024. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, profit margin and other factors.
services in the technology industry; Channel Partners events, which delivers unparalleled in-person events including Channel Partners Conference & Expo and MSP Summit. More information is available at channelfutures.com.
