Annual SMB Hot 101 Identifies Best-in-Class Global MSP Businesses and Leading Trends in Small and Midsize Managed Service Market
Techvera has been named as one of the world’s best SMB managed service providers on the new annual Channel Futures SMB Hot 101 rankings for 2020.
Applicants completed an exhaustive survey and application this spring to self-report product offerings, annual total and recurring revenues, profits, revenue mix, growth opportunities, and company and customer demographic information. Winners were ranked on a unique methodology that weights revenue figures according to how long-term health and viability, commitment to recurring revenue, and operational efficiency.
Channel Futures is pleased to name Techvera to the 2020 SMB Hot 101.
“I’m proud to say that this is our fifth straight year making it into the ranks of the top managed IT service providers globally,” said Reese Ormand, Chief Executive Officer, Techvera. “My team has worked incredibly hard to deserve this honor, and we look forward to serving our clients and helping their businesses grow for decades to come.”
In the 13 years since its inception, the MSP 501 has evolved from a competitive ranking list into a vibrant group of service providers, vendors, distributors, consultants, and industry analysts working together to define the growing managed service opportunity.
“We here at Channel Partners and Channel Futures believe that entrepreneurship is the backbone to the American economy, and that the SMB is the lifeblood of the IT channel,” says Kris Blackmon, Senior Content Director at Channel Partners and Channel Futures. “We have worked for over a year to create a program that recognizes those small-but-mighty MSPs that keep our industry strong, healthy and growing, and I am thrilled at the quality of the partner businesses reflected in this inaugural list.”
The data collected by the annual MSP 501 program drives Channel Partners’s and Channel Futures’s market intelligence insights, creating robust data sets and data-based trend reports that support our editorial coverage, event programming, community and networking strategies and educational offerings. It serves as a linchpin to dozens of programs and initiatives.
The 2020 MSP 501 list is based on data collected by Channel Futures and its sister site, Channel Partners. Data was collected online from Mar. 1 through June 30, 2020. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, profit margin and other factors.