St. Louis, MO - Jul 17, 2017 - ThrottleNet, an IT firm based in St. Louis, MO, once again ranks among the world’s most progressive 501 Managed Service Providers (MSPs), according to Penton Technology’s 10th-annual MSP 501 list and study. The top MSP 501 companies ranked this year include organizations from around the world and from diverse technology and business backgrounds.
Taken as a whole, the companies on the 2017 MSP 501 list amassed a combined $14.48 billion in total revenue (based on 2016 results), up more than 15 percent from a year earlier. Of that figure, $4.30 billion was recurring revenue, an increase of nearly 13 percent from $3.81 billion in 2015.
This is the third consecutive year ThrottleNet has made the MSP 501 ranking. It improved its ranking to #188 in the 2017 survey, moving up 49 spots from the 2016 survey. The complete 2017 MSP 501 list is available at MSP Mentor.
“ThrottleNet is once again honored to be among the world’s best Managed Service Providers. Achieving a high ranking in the MSP 501 is a very special achievement,” said George Rosenthal, President of ThrottleNet. “Our staff and management are dedicated to providing world class technology solutions. The ranking is emblematic of our solid growth and performing above and beyond expectations.”
“On behalf of MSPmentor, I would like to congratulate ThrottleNet for its recognition as an MSP 501 honoree,” said Aldrin Brown, Editor in Chief, MSPmentor. “The managed service provider market is evolving at a rapid pace and the companies showcased on the 2017 MSP 501 list represent the most agile, flexible and innovative organizations in the industry.”
The 2017 MSP 501 list is based on data collected by MSPmentor and its partner, Clarity Channel Advisors, which used an algorithm that assesses company strength based on revenue contributions from key go-to-market activities, and specific activities are weighted differently than others. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, growth and other factors.