NEW YORK, June 19, 2017 /PRNewswire/ -- Today, MSPmentor announced the 2017 edition of the MSPmentor 501, 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."
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.
Companies on the 2017 MSP 501 reported 41,915 full-time employees (FTEs) on Dec. 31 of 2016, up nearly 12 percent from 37,487 at the end of 2015. On average, MSPs on the 2017 list generated $190,000 per employee.
The top five MSP 501 companies for 2017 are:
- Sirius Computer Solutions – San Antonio, TX
- PCM, Inc. – El Segundo, CA
- Softchoice Corporation – Toronto, Ontario (Canada)
- Carousel Industries – Exeter, RI
- Forsythe Technology, Inc. – Skokie, IL
In addition to the complete MSP 501 list, MSPmentor plans to release additional rankings for key markets over the summer and fall of 2017. They include:
- The MSPmentor 100 Small Business Edition, which honors the Top 100 MSPs with 15 or fewer employees.
- The top MSPs in North America; EMEA (Europe, Middle East and Africa); and AANZ (Asia, Australia and New Zealand).
- Additional lists from U.S. states and other geographic regions around the world.
"Look for continuing coverage over the weeks and months ahead as we unearth telling trends and insights from the 2017 MSP list and survey," said T.C. Doyle, Editorial Director, Penton Technology's Channel Group.
For more information on the 2017 MSP 501, visit MSPmentor to find the complete list and accompanying stories on the survey.
Contact Kelly Danziger at Kelly.Danziger@penton.com for information about premium, Next Level reports with the most complete data and granular insights from the 2017 MSPmentor 501 survey.
About Penton Technology's Channel Brands
Penton Technology's channel brands define emerging IT markets and disrupt established IT markets. They are a division of Informa. The channel brands include: MSPmentor (www.MSPmentor.net), The VAR Guy (www.TheVARguy.com), Talkin' Cloud (www.TalkinCloud.com), the WHIR (http://www.thewhir.com) and WebHostingTalk (http://webhostingtalk.com).
Penton Technology, MSPmentor, The VAR Guy, Talkin' Cloud, the WHIR and WebHostingTalk are part of Informa, the international business intelligence, academic publishing, knowledge and events group. Informa serves commercial, professional and academic communities, helping them connect and learn, and creating and providing access to content and intelligence that helps people and businesses work smarter and make better decisions faster.
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Director of Content
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