9th Annual MSP 501 Ranking and Study Identifies
World’s Most Progressive MSPs in Information Technology
May 26, 2016: CBM Technology ranks among the world’s most progressive 501 Managed Service Providers (MSPs), according to Penton Technology’s 9th-annual MSP 501 list and study. The top MSP 501 companies ranked this year include organizations from around the world and from diverse technology and business backgrounds. Collectively, they increased their oversight of technology devices by more than 30%.
Taken as a whole, the companies on the 2016 MSP 501 list amassed a combined $9.82 billion in recurring revenue (based on 2015 results). For comparison, that’s roughly as much money as the Marvel Cinematic Universe (MCU) grossed from 13 films spanning nine years.
Between 2014 and 2015, MSP 501 companies collectively increased the overall number of users they manage worldwide by nearly 16 percent. What is more, they increased the number of devices they oversee by nearly 30 percent. (If you’re wondering how they charge to oversee their empires, 42 percent rely on a hybrid user/device model, 24 percent charge on a per-user basis and 23 percent use a per-device rate.)
“On behalf of Penton and MSPmentor, I would like to congratulate CBM Technology for its recognition as an MSP 501 honoree,” said Aldrin Brown, Editor in Chief, MSPmentor. “The managed service provider market is evolving at a rapid pace and the companies showcased on the 2016 MSP 501 list represent the most agile, flexible and innovative organizations in the industry.”
The 2016 MSP 501 list is based on data collected by MSPmentor and its partner, Clarity Channel Advisors. Data was collected online from March through April 2016. The MSP 501 list recognizes top cloud service providers based on metrics including recurring revenue, growth and other factors. In addition to a ranking on the MSP 501 list, every company that participated in the study has been assigned a score reflecting its intrinsic value. The measure, known as the Total Service Provider (TSP) score, evaluates an MSP’s mix of revenue from various activities, including consulting, cloud, reselling and managed services.
We at CBM Technology are so proud to have made it on this prestigious list. It is an honor to be recognized for our hard work and diligence to provide a comprehensive suite of the most valuable IT Services in Acadiana.