June 20, 2019: ADNET Technologies (“ADNET”) announced today that it has been named to the Channel Futures 2019 MSP 501 List (“MSP 501”). ADNET earned the No. 175 spot on the list of the 501 top Managed IT Service Providers (“MSPs”) worldwide.
Every year, MSPs worldwide complete an extensive survey and application to report their product offerings, growth rates, annual total and recurring revenues, pricing structures, revenue mix and more. MSPs were ranked according to a unique methodology that weights revenue figures according to how well the applicant’s business strategy anticipates trends in the fast-evolving channel ecosystem.
“At ADNET, we continually challenge ourselves to grow and evolve for the benefit of our clients and earning a spot on the MSP 501 list reflects that commitment,” said Christopher Luise, Co-CEO of ADNET. “Since 1991, we’ve embraced industry-disrupting concepts like managed IT services and adapted our business model to provide new offerings such as cloud and security services because we saw their potential to transform our clients’ businesses. Being recognized as one of the world’s premier managed service providers is a testament to the skills and incredibly hard work of our team and the ongoing transformation of our company.”
In the 12 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.
“The 2019 MSP 501 winners are the most elite, innovative and strategic IT service providers on the planet, and they stand as a model of excellence in the industry,” said Kris Blackmon, Content Director of Channel Partners and Channel Futures and lead of the MSP 501 program. “As the MSP 501 Community grows, leagues of managed service providers learn from the successes of these winning companies, gaining insight into the best practices, strategies and technologies that elevate an MSP to the level of the 501 winners. Our heartfelt congratulations to the 2019 winners and gratitude to the thousands of MSPs that have contributed to the continuing growth and success of both the 501 and the thriving managed services sector.”
The 2019 MSP 501 list is based on data collected by Channel Futures and its sister site, Channel Partners. Data was collected online from March 1 through May 31, 2019. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, growth and other factors.
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