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JUNE 21, 2024: 1Path has once again been named as one of the world’s top-performing managed service providers in the prestigious 2024 Channel Futures MSP 501 rankings.
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For the past 17 years, managed service providers around the globe have submitted applications for inclusion on this prestigious and definitive listing. It is a milestone achievement for any managed services organization to be included. The Channel Futures MSP 501 survey uses a quantitative methodology to rank companies based on their annual revenue, profitability measured by EBITDA, and recurring revenue. A Who’s-Who has developed the methodology in the managed services industry.
MSPs that qualify for the list must also pass a rigorous review conducted by the Channel Futures research team and editors. Channel Futures ranks applicants using a unique methodology that weighs financial performance according to long-term health and viability, commitment to recurring revenue, and operational efficiency.
"We are honored to once again be named a Channel Futures MSP 501 winner," said Jame Hwang, Chief Executive Officer at 1Path. "This recognition highlights our unwavering commitment to operational excellence, financial health, and delivering innovative solutions to our clients. It reflects the dedication of our entire team at 1Path, who strive every day to delight our clients with every interaction. Being ranked 185 among top MSPs globally is a proud moment."
This year’s list is among the most competitive in the survey’s history. Winners will be recognized on the Channel Futures website and honored during a special ceremony at MSP Summit, Sept 16-19, 2024, in Atlanta, GA.
The MSP 501 represents the best in the technology services industry delivering outstanding vendor and platform-neutral advice and value to small, midsized, and enterprise customers. This year, the MSP 501 generated nearly $25 billion in aggregate revenue with an average growth or recurring revenue of 19%. These are truly the best of the best. Many of their services and technology offerings focus on customer needs in 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 that they deliver for their customers daily. 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.”
The data collected by the annual MSP 501 helps every company on the list and every provider with a managed services practice, benchmark their performance and uncover new ways to grow.
Background
The 2024 MSP 501 list is based on confidential data collected and analyzed by the Channel Futures research and editorial teams. Data was collected online from February to May 2024. The MSP 501 list recognizes top-managed service providers based on metrics including recurring revenue, profit margin, and other factors.
About 1Path
1Path is a trusted end-to-end technology provider for fully outsourced or co-managed IT services, cybersecurity expertise, innovative Cloud Solutions, and digital transformation consultation. 1Path’s technologists empower mid-market businesses to Navigate Technology with Confidence. Learn more at 1Path.com.
Follow 1Path on social media: LinkedIn, Facebook, and Twitter
About Channel Futures
Channel Futures is a media and events destination for the information technology and communications industry. We provide information, perspective, and connection for the entire channel ecosystem, including solution providers (SPs), managed service providers (MSPs), managed security service providers (MSSPs), cloud service providers (CSPs), value-added resellers (VARs) and distributors, technology solutions brokerages, subagent, and agents, as well as leading technology vendor partners and communication providers.
Channel Futures is where the world meets the channel; we are leading Channel Partners forward. Our properties include awards programs such as the Channel Futures MSP 501, a list of the most influential and fastest-growing providers of managed services in the technology industry; Channel Partners events, which delivers unparalleled in-person events including Channel Partners Conference & Expo and MSP Summit. More information is available at channelfutures.com.
Channel Futures is part of Informa Tech, a leading provider of market insight and market access to the global business technology community. Across its portfolio of over 100+ trusted brands, Informa Tech has over 1000 industry experts, including over 400 research analysts and consultants in the global research group Omdia, and a monthly audience reach of over 125 million. Informa Tech is a division of FTSE 100 company Informa plc.
Media Contacts
Tonya Tedrick
Director of Marketing, 1Path
470.274.2085
Dave Raffo
MSP News Editor, Channel Futures
Katie Egley
Senior Marketing Manager
