MSPmentor recently released the 2017 MSPmentor 501 Global Edition – Worldwide Company Rankings, an established list of the most respected MSPs in the world. Here are the results as well as some information on MSPmentors' methodology for compiling the MSP 501 list.
Top 5 Managed Services Providers
The top 5 MSPs on the 2017 list are:
- Sirius Computer Solutions, Inc. DBA Sirius
- PCM, Inc
- Softchoice Corporation
- Carousel Industries
- Forsythe Technology, Inc.
Sirius Computer Solutions came in first on the MSP 501 this year, which is an improvement over last year’s third-place ranking. Its solutions span data centers and lines of business in all industries. Its professional employees hold more than 4,000 technical certifications. It has 32 offices nationwide and serves more than 5,000 active clients. Its 2016 financial portfolio showed $1.9 billion in annual sales.
With its new technology paradigm that serves cloud computing, data networking, social media engagement and cybersecurity. Its solutions span data centers and lines of business in all industries. Its professional employees hold more than 4,000 technical certifications. It has 32 offices nationwide and serves more than 5,000 active clients. Its 2016 financial portfolio showed $1.9 billion in annual sales.
The second ranking goes to PCM, which also came in second place in 2016. Its specialty is in data center, networking, endpoint and mobility. The company is a direct marketer of technology products, services and solutions for businesses, government and education institutions. PCM has 40 offices nationwide, 800 account representatives and 1,000 service engineers. It provides its expertise in implementing and integrating more than 300,000 top-notch products from trusted technology brands.
The third-place winner is Softchoice Corporation, which took fourth place in 2016. It is known to provide solutions and services to organizations by consulting, implementing, managing and product sourcing. Its specific solutions are TechChecks, Keystone, Office 365, Cloud Services and Microsoft Azure. It is responsible for the management of Amazon Web Services. Its product catalog includes hardware and software brands. Softchoice has achieved industry-leading growth in the migration and management workloads for Microsoft Azure.
Carousel Industries landed in fourth place, which is impressive since they didn’t place in the top five last year. The company was founded in 1992 and currently serves more than 6,000 businesses around the world, including small and enterprise level businesses. Carousel Industries employs more than 1,300 IT professionals, boasts 27 locations, and in addition to offering managed services it’s a certified reseller of more than 35 technology partners.
Last on the list is Forsythe Technology, which was also absent from the top five list in 2016. This company offers a broad range of services that run the gamut from managed services and hosting solutions to private cloud solutions, enterprise public clouds, and security and compliance management. Founded in 1971, Forsythe Technology now has dozens of offices worldwide and was recently named one of America’ Best management Consulting Firms by Forbes and boasts big-name partners such as Cisco, Citrix, Dell, Intel, McAfee and VMware.
How does MSPmentors determine the MSP 501?
MSPmentors partners with Clarity Channel Advisors to produce the MSP 501 ranking and study for the best managed IT service providers in the U.S. They used Penton Technology to calculate the MSP 501 2017 winners. The methodology comes from an algorithm used to assess a company's revenue. After all, if you're making money, you must be doing something right by your clients. The revenue weighting is divided into a pie chart with the categories of 5 percent reselling, 10 percent consulting, 35 percent cloud, 15 percent professional services and 35 percent managed services.
To be a contender for the MSP 501 listing, a company must submit a confidential application that verifies its entire financial results for the year. Since companies have different revenues, the rankings are based on the go-to-market activities such as managed services and reselling. Candidates have the highest ranking for the revenue generated from managed and cloud services. Revenue from a solution gets a lower rating, followed by consulting, and finally hardware and software sourcing.
The Penton Technology methodology computes 75 percent of the revenue, and Hosted Exchange, Office 365 and Google Apps count for 25 percent of the revenue. The all-inclusive methodologies are used to rank the top managed service providers in the IT industry.