BEDFORD, TX, June 19, 2017 — Today, Networking Results announced that it has risen into the top half of the 2017 edition of the MSPmentor 501 for 2017, the information and communication technology (ICT) industry’s largest and most comprehensive ranking of leading managed services provider (MSP) organizations.
First unveiled in 2007, the 2017 edition of the MSPmentor 501 (MSP 501) has been optimized to be the most complete, accurate and forward-looking study available on the managed service provider (MSP) market. This year’s list and study examines the business models, technologies, vertical markets and customer segments that matter most to MSP companies.
The 2017 MSP 501 again leverages the new and improved ranking methodology, first unveiled in 2016. The improved ranking algorithm distinguishes the MSP 501 as the definitive benchmark by which MSP organizations are compared, year after year.
“The results of the 2017 MSP 501 reveal that the MSP market is growing, evolving and thriving,” said Aldrin Brown, Director of Content, MSPmentor. “Despite challenges, the talented individuals overseeing these organizations are monitoring and managing more devices, users and processes than ever before. They literally are keeping the digital lights on for millions of businesses worldwide.”
“We’re thrilled to make the list again this year, and to improve on our ranking from 2016,” said David Yandry, Manager of Sales and Marketing for Networking Results. “We’ve worked hard to grow our business by providing technology leadership and support that brings success to our clients,” Yandry remarked.
The 2017 MSP 501 companies reported combined revenue (based on 2016 sales) of $14.48 billion in total revenue (based on 2016 results), up more than 15 percent from a year earlier. Of that figure, $4.30 billion was recurring revenue, an increase of nearly 13 percent from $3.81 billion in 2015.