Charles IT has been named as one of 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.
Annual Channel Futures MSP 501 Identifies Best of the Best in
the Managed Services Industry
MIDDLETOWN, Conn., June 23,
2024 /PRNewswire-PRWeb/ -- Charles IT has been named
as one of 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.
"Our goal is to always ensure that
all the businesses we work with are protected with security
services, and that those security services are customized to their
business needs..."
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. 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. The methodology has been developed by a
Who's-Who in the managed services industry.
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 using a unique methodology that weighs
financial performance according to long-term health and viability,
commitment to recurring revenue, and operational efficiency.
Channel Futures is pleased to name Charles IT to the 2024 MSP
501.
"Our goal is to always ensure that all the businesses we work
with are protected with security services, and that those security
services are customized to their business needs," said Foster Charles, Founder & CEO, Charles IT.
"I'm often meeting with business leaders to discuss their IT and
cybersecurity challenges and providing as much guidance on
navigating their IT environment as I can."
This year's list is among the most competitive in the survey's
history. Winners will be recognized on the Channel Futures website
and honored during a special ceremony at MSP Summit, Sept 16-19, 2024 in Atlanta, GA.
The MSP 501 represents the best in the technology services
industry, delivering outstanding vendor and platform-neutral advice
and value to small, midsized, and enterprise customers. This year,
the MSP 501 generated aggregate revenue of nearly $25 billion with an 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 the
areas of AI, cloud, security, collaboration, networking, help desk,
and remote monitoring and management.
The Channel Futures MSP 501 keeps its 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.
"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 to 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 to
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.
About Charles IT
As the Northeast's Compliance Expert, Charles IT is known for
providing friendly and no-nonsense IT service and support. With a
focus on helping companies in highly regulated industries with
their IT needs, Charles IT emphasizes the importance of building
'real relationships' that lead to tangible results. Charles IT
takes pride in being readily available for clients, always equipped
with a solution and a smile. Charles IT's commitment to service and
results has earned the company a place as a trusted member of
client teams, creating raving fans who value Charles IT's
dedication to exceptional service.
About Channel Futures
Channel Futures is a media and events destination for the
information technology and communications industry. We provide
information, perspective, and connection for the entire channel
ecosystem, including solution providers (SPs), managed service
providers (MSPs), managed security service providers (MSSPs), cloud
service providers (CSPs), value-added resellers (VARs) and
distributors, technology solutions brokerages, subagent and agents,
as well as leading technology vendor partners and communication
providers.
Channel Futures is where the world meets the channel; we are
leading Channel Partners forward. Our properties include awards
programs such as the Channel Futures MSP 501, a list of the most
influential and fastest-growing providers of managed 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.
Channel Futures is part of Informa Tech, a leading provider of
market insight and market access to the global business technology
community. Through in-depth expertise and an engaged audience
community, Informa Tech helps business professionals make better
technology decisions, and marketers reach the world's most powerful
tech buyers and influencers. Across its portfolio of over 100+
trusted brands, Informa Tech has over 1000 industry experts,
including over 400 research analysts and consultants in the global
research group Omdia, and a monthly audience reach of over 125
million. Informa Tech is a division of FTSE 100 company Informa
plc.
Media Contacts
Betta Greenberg
Marketing Manager, Charles IT
bettag@CharlesIT.com
Dave Raffo
MSP News Editor, Channel Futures
david.raffo@informa.com
Katie Egley
Senior Marketing Manager
msp501@informa.com
Media Contact
Betta Greenberg, Charles IT, 1
8603449628, bettag@charlesit.com, charlesit.com
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