Annual SMB Hot 101 Identifies Best-in-Class Global MSP Businesses & Leading Trends in Small and Midsize Managed Service Market
JULY 28, 2020: Velocity Network 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 Velocity Network to the 2020 SMB Hot 101.
“To be recognized among the top 101 SMB managed service providers in the world is a distinct honor,” said Joel Deuterman, President and CEO of Velocity Network. “Our staff has nurtured strong and lasting client relationships, as well as an extremely efficient service delivery process; a combination that has enabled us to grow, compete, and remain profitable in a highly competitive industry.”
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 lynchpin 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.
About Velocity Network
For 30 years, Velocity Network has provided enterprise-level IT solutions to organizations throughout Northwest Pennsylvania. From fiber optic Internet and voice service – to managed helpdesk support, telephone systems, and everything in between, Velocity Network is the region’s leading IT provider because of their continuous investment in technology and their employees, who are passionate about providing the right solution.
About Informa Tech
Channel Futures, Channel Partners Online, Channel Partners Conference & Expo and Channel Partners Evolution are part of Informa Tech, a market-leading B2B information provider with depth and specialization in the Information and Communications (ICT) Technology sector. We help drive the future by inspiring the Technology community to design, build and run a better digital world through our market-leading research, media, training and event brands. Every year, we welcome 7,400+ subscribers to our research, more than 3.8 million unique visitors a month to our digital communities, 18,200+ students to our training programs and 225,000 delegates to our events.
Editor, Channel Futures & Channel Partners
Editor, MSP 501