Annual MSP 501 Identifies Industry’s Best-in-Class Businesses
Magna5, a national provider of managed IT, cybersecurity and cloud-based services and a NewSpring Holdings Platform Company, is proud to announce that it has been named as one of the world’s premier managed service providers in the prestigious 2023 Channel Futures MSP 501 rankings.
Managed Service providers who are named on the list must pass a rigorous review examining organizational performance based on annual sales, recurring revenue, profit margins, revenue mix, growth, innovation and supported technologies.
“We greatly appreciate being recognized by Channel Futures as a best in class managed IT services and cybersecurity provider. We focus every day on earning the trust of our customers by providing high quality and responsive services,” said Bob Farina, CEO of Magna5. “We pride ourselves on our holistic and proactive approach to identifying opportunities for our clients which allows us to be a true business partner with our customers so they can focus on their own priorities and growth.”
Since its inception, the MSP 501 has evolved from a competitive ranking into a vibrant group of innovators focused on high levels of customer satisfaction at small, medium, and large organizations in public and private sectors. Many of the services and technology offerings of this group focuses on customer needs in the areas of cloud services, cybersecurity, network and server management, and data backup and recovery.
“The 2023 Channel Futures MSP 501 winners persevered through challenging times to become the highest-performing and most innovative IT providers in the industry today,” said Jeff O’Heir, Channel Futures senior news editor and MSP 501 project manager. “The MSP 501 ranking doesn’t award MSPs solely on their size and revenue. It acknowledges the business acumen, best practices and trusted advice they deliver to customers every day. They deserve the honor.”
“We extend our heartfelt congratulations to the 2023 winners, and gratitude to the thousands of MSPs that have contributed to the continuing growth and success of the managed services sector,” said Kelly Danziger, general manager of Informa Tech Channels. “These providers are most certainly driving a new wave of innovation in the industry and are demonstrating a commitment to moving the MSP and entire channel forward.”
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