Lexington, Ky. (May 24, 2016) — NetGain Technologies climbed seven spots in 2016 to rank 56th in the world as a managed IT services provider (MSP). Penton Technology released its ninth-annual MSPmentor 501 Global Edition rankings on May 19. The list identifies the world’s most progressive 501 managed service providers in 2016. NetGain Technologies ranked 63rd on the 2015 list.
NetGain Technologies partner Brendan Jacobson said, “In eight consecutive years of being ranked a worldwide top 100 managed IT services provider, this 2016 ranking is our best yet. MSPmentor’s list really validates our reputation as a regional leader of outsourced IT services for midsize businesses.”
MSPmentor gathered information for its rankings in an annual survey conducted between February 26 and April 22. To compare MSPs and determine rankings, the industry organization “assesses company strength based on revenue contributions from key go-to-market activities.” MSPmentor bases its rankings on revenue and user statistics through 2015 year-end. (About the methodology)
MSPmentor released several important industry statistics in association with the rankings.
- Companies represented on MSPmentor’s 501 list amassed a combined $9.82 billion in recurring revenue in 2015.
- They increased the number of supported end users by 16%, and the number of end-user devices by 30%, in 2015.
- Nearly a quarter (24%) of MSPs surveyed have evolved to the per-user fee model employed by NetGain Technologies. A similar percentage (23%) use a per-device pricing scheme; and 42$ rely on a hybrid user/device model.
“On behalf of Penton and MSPmentor, I would like to congratulate NetGain Technologies for its recognition as an MSP 501 honoree,” said Aldrin Brown, MSPmentor’s editor-in-chief. “The managed service provider market is evolving at a rapid pace and the companies showcased on the 2016 MSP 501 list represent the most agile, flexible, and innovative organizations in the industry.”
ABOUT NETGAIN TECHNOLOGIES
NetGain Technologies developed into one of the world’s top managed IT services providers by creating solutions for business problems. The company has served small businesses in the region since 1984 from its Lexington, Ky., headquarters, and has branch offices in Louisville, Ky.; Little Rock, Ark.; Chattanooga, Tenn.; Cincinnati, Ohio; and St. Louis, Mo.
An industry-leading, secure network operations center staffed by more than 85 technicians and engineers—with more than 250 combined technical certifications—forms the core of Technology OneSource, the company’s award-winning managed IT services package for midsize businesses. NetGain Technologies is SOC 2 Type II-certified, enabling the company to deliver a best-in-class service while maintaining confidentiality, privacy, processing integrity, availability, and security.
For additional information about NetGain Technologies, visit www.netgainit.com.
ABOUT PENTON TECHNOLOGY
Penton’s channel brands (www.penton.com) define emerging IT markets and disrupt established IT markets. The brands’ channel-centric online communities include MSPmentor (www.MSPmentor.net), The VAR Guy (www.TheVARguy.com), Talkin’ Cloud (www.TalkinCloud.com), and the WHIR (https://www.thewhir.com).
Penton is an innovative information services company that empowers nearly 20 million business decision makers in markets that drive more than 12 trillion dollars in purchases each year. Penton’s products inform with rich industry insights and workflow tools; engage through dynamic events, education, and networking; and advance business with powerful marketing services programs. Penton is the way smart businesses buy, sell, and grow. Headquartered in New York, Penton is privately owned by MidOcean Partners and Wasserstein & Co., LP. For additional information on the company and its businesses, visit www.penton.com.