iuvo, a Boston-based IT consulting and managed services company, has earned a place on the 2024 Channel Futures MSP 501 list, marking its sixth consecutive year on this esteemed ranking. The Channel Futures MSP 501 list is a significant benchmark in the technology industry, evaluating companies based on growth, profitability, and innovation.
For 17 years, managed service providers (MSPs) worldwide have vied for inclusion on this prestigious list. The MSP 501 survey employs a rigorous quantitative methodology to rank companies based on annual revenue, profitability measured by EBITDA, and recurring revenue. This methodology, developed by experts in the managed services industry, ensures that only the top-performing companies make the cut.
Qualifying for the MSP 501 list is no small feat. Applicants undergo a thorough review by the Channel Futures research team and editors. This review assesses financial performance, long-term viability, commitment to recurring revenue, and operational efficiency. As a result, the MSP 501 list showcases the most productive, profitable, and fastest-growing organizations in the technology industry.
"To echo Dave Raffo, MSP editor, this has been a challenging market in a fiercely competitive industry, so emerging on top is a testament to not only our commitment to our customers but also shows how gritty we have been," said Bryon Beilman, President & CEO of iuvo. "Our entire company of iuvonauts are very proud to be recognized."
Beilman attributed iuvo's success to a relentless focus on customer needs. "We have released several new productized services over the last year based on listening to our customers and creating something novel that would make their business better, more secure, resilient, and compliant. Our focus on automation through a DevOps approach allows us to provide enterprise-class features at a midmarket price."
Notably, iuvo boasts an NPS score of 80, more than double the industry average, and its IT consultants have an average of 24 years of experience. This combination of customer service and technical expertise has earned iuvo high praise from its clients. "One of our customers recently told me that iuvo is by far the best IT support company that they have experienced in their career," Beilman shared.
This year's MSP 501 list is among the most competitive in the survey's history. Winners will be honored at a special ceremony during the MSP Summit, scheduled for September 16-19, 2024, in Atlanta, GA. The list represents the best in the technology services industry, with aggregate revenue of nearly $25 billion and an average growth rate of 19% in recurring revenue.
"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. "These are the most innovative, driven, and successful MSPs in a fiercely competitive industry."
Bob DeMarzo, VP Content at Informa Channels, added, "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."
The MSP 501 list is based on confidential data collected and analyzed by the Channel Futures research and editorial teams from February to May 2024. It recognizes top managed service providers based on metrics including recurring revenue, profit margin, and other factors.
