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June 26, 2024ADNET Technologies Named to MSP 501 – Tech Industry’s Most Prestigious List of Managed Service Providers
ADNET Technologies has once again been named one of the world’s top managed service providers in the prestigious 2024 Channel Futures MSP 501 rankings. This is ADNET’s sixth consecutive year on the global list of top managed IT service providers since originally being honored in 2019. ADNET was identified as an honoree based on its strength and reliability in successfully delivering managed IT services to clients amid an uncertain, volatile business environment.
Managed service providers (MSPs) from around the globe were assessed and considered for this prestigious and definitive ranking. The global Channel Futures MSP 501 survey examines organizational performance based on annual sales, recurring revenue, profit margins, revenue mix, growth, innovation, and supported technologies.
MSPs must pass a rigorous review conducted by the research team at Channel Futures. Applicants are ranked using a unique methodology weighing financial performance according to long-term health and viability, commitment to recurring revenue and operational efficiency.
“We are thrilled to be named to the MSP 501 list for the sixth year in a row. This achievement showcases our unwavering commitment to excellence in the managed services industry, and the recognition is a direct result of the hard work, dedication, and innovative spirit of our exceptional team at ADNET,” said Lynette Maffei, President of ADNET. “As we celebrate this milestone, we remain committed to pushing the boundaries of what’s possible in the managed services space. I’m so proud of the growth we have achieved as a team, but we’re not slowing down – our goal is always to keep growing and evolving. We are excited about the opportunities ahead and look forward to continuing to empower our clients with the technology and support they need to thrive in an increasingly digital world. ”
ADNET Technologies is a New Charter Technologies company. New Charter is an investment partnership with a portfolio of more than 20 companies operating over 30 cities. It’s a unique model that elevates companies in their market instead of the forced integration that traditional Private Equity (PE) models typically do. The distinction is that New Charter provides a true equity partnership that preserves the culture of each company and accelerates their entrepreneurial journey. In turn, the businesses are collectively involved in the future success and growth of the company.
“We’re laser-focused on expanding our service offerings, investing in cutting-edge technologies, and fostering a culture of continuous improvement,” said Christopher J. Luise, Chief Executive Officer of ADNET and Group President of New Charter Technologies. “Our partnership with New Charter Technologies has been instrumental in propelling our growth and enabling us to deliver unparalleled value to our clients. This strategic alliance has not only allowed us to scale our operations but has also provided access to a wealth of expertise and resources that have enhanced our ability to tackle complex challenges and deliver transformative solutions globally.”
This year’s list is one of the most competitive in the survey’s history. Winners will be recognized on the Channel Futures website and during a special ceremony at MSP Summit, Sept 16-19, 2024 in Atlanta, GA.
The MSP 501 represents the best in the technology services industry delivering outstanding vendor and platform neutral advice and value to small, midsized and enterprise customers. This year, the MSP 501 generated aggregate revenue of nearly $25 billion with average growth or recurring revenue of 19%. Many of their services and technology offerings focus on customer needs in the areas of AI, cloud, security, collaboration, networking, help desk and remote monitoring and management.
“The 2024 Channel Futures MSP 501 winners survived a challenging market and emerged as the highest performing and most innovative IT providers in the industry today,” said Dave Raffo, MSP editor and MSP 501 project manager. “The most impressive thing about the MSP 501 winners is they deliver for their customers every day. These are the most innovative, driven, and successful MSPs in a fiercely competitive industry.”
“For a managed service provider to attain a spot on the Channel Futures MSP 501 everything must be operating at peak performance. This list represents the most productive, profitable, fastest-growing, organizations in the technology industry focused on driving their customers to new heights.” said Bob DeMarzo, VP Content, Informa Channels. “These are the best of the best in the managed services industry as defined by Channel Futures’ extensive research. The MSP 501 companies are the most sought after by peers who want to understand today’s best practices and by technology suppliers who want to partner with these organizations.”
The Channel Futures media organization, owned and operated by Informa, is the only channel-centric events, media and research company that can provide such insight into the managed services market.
