Magna5 has been named one of the world’s top-performing managed service providers (MSPs) in the prestigious 2024 Channel Futures MSP 501 rankings. This list, a benchmark in the technology industry, ranks companies based on growth, profitability, and innovation.
For 17 years, managed service providers around the globe have vied for inclusion on this definitive list. The Channel Futures MSP 501 survey evaluates MSPs using a quantitative methodology based on annual revenue, profitability measured by EBITDA, and recurring revenue. MSPs that qualify for the list undergo a rigorous review by the Channel Futures research team and editors. The unique ranking method weighs financial performance according to long-term health and viability, commitment to recurring revenue, and operational efficiency.
“Our inclusion in the 2024 Channel Futures MSP 501 highlights the relentless dedication and innovative spirit of our team,” said Robert Farina, CEO of Magna5. “This recognition validates our commitment to delivering top-tier managed services that empower our clients to succeed. We are honored to be among the industry’s best and will continue to push the boundaries of excellence in service and technology.”
The companies that make up the MSP 501 are the best in the technology services industry, delivering outstanding vendor and platform-neutral advice and value to customers. This year, the MSP 501 generated nearly $25 billion in aggregate revenue, with average recurring revenue growth 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,” DeMarzo stated. “At their core, these are vendor and platform neutral partners focused on doing what is right for their customers.”
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