Annual Channel Futures MSP 501 Identifies Best
of the Best in the Managed Services Industry
Netgain Technology, LLC 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. Netgain secured an
impressive position at #11 on this prestigious list, solidifying
its standing among the world’s top managed service providers.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240624026362/en/
Channel Futures MSP 501 2024 Winner Slide
highlighting Netgain Technology, LLC as #11 on the list and
featuring a headshot of Sumeet Sabharwal, CEO. (Graphic: Business
Wire)
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. 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 Netgain to the 2024 MSP
501.
“We are incredibly honored to be recognized on the Channel
Futures MSP 501 list for the second consecutive year,” stated
Sumeet Sabharwal, CEO of Netgain Technology, LLC. “This recognition
is a testament to the remarkable technical expertise,
client-centric approach, and innovative cloud solutions that our
dedicated teams bring to every facet of our execution. We extend
our gratitude to Channel Futures, our talented employees, and our
valued clients for their unwavering support. As a vertical
solutions provider, we have a deep understanding of cloud
technology and business applications in the accounting, healthcare,
and legal industries. This recognition emphasizes our steadfast
dedication to unleashing the complete capabilities of the public
cloud, aiming to boost operational efficiency, fortify security
measures, and empower our clients to accelerate business
growth.”
This year’s list is one of 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
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 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.
“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.
About Netgain Technology, LLC
Netgain provides managed cloud and IT services to mid-market
firms in the Accounting, Healthcare, and Legal industries. Netgain
couples deep private and public cloud expertise with
industry-specific application expertise as part of its
comprehensive IT-as-a-Service solutions portfolio. Netgain partners
with businesses to accelerate IT transformation, enhance security
and resiliency, and elevate the end-client experience. Most
importantly, Netgain removes the complexities of the underlying
technology to help clients get back to what matters most: driving
growth and productivity as part of running a higher-performing
business. Discover more at netgaincloud.com.
Follow Netgain: Twitter & LinkedIn
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 most powerful tech
buyers and influencers in the world. Across its portfolio of over
100+ trusted brands, Informa Tech has over 1000 industry experts,
including over 400 research analysts and consultants in global
research group Omdia, and a monthly audience reach of over 125
million. Informa Tech is a division of FTSE 100 company Informa
plc.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240624026362/en/
Netgain PR: Valerie Vallancourt VP of Marketing, Netgain
Technology, LLC. pr@netgaincloud.com
Sumeet Sabharwal CEO, Netgain Technology, LLC.
pr@netgaincloud.com
Media: Dave Raffo MSP News Editor, Channel Futures
david.raffo@informa.com
Katie Egley Senior Marketing Manager msp501@informa.com