Annual MSP 501 Identifies Best-in-Class Global MSP Businesses & Leading Trends in Managed Services and awards local cloud provider.

Cloud Carib Limited has once again been named one of the world’s premier managed service providers and one of the top MSPs in the world on the Annual Channel Futures MSP 501 list. The Bahamas based company was awarded number 33 on the prestigious list for 2020 and improving from 160 last year, making them the highest ranked provider in the Caribbean and Latin America and the only regional provider to make it into the top 50.

For the 13th year, MSPs from around the globe completed an exhaustive survey and application this spring to self-report product offerings, annual total and recurring revenues, profits, revenue mix, growth opportunities and company and customer demographic information. Applicants are ranked on a unique methodology that weighs revenue figures according to long-term health and viability; commitment to recurring revenue; and operational efficiency.

Channel Futures is pleased to name Cloud Carib to the 2020 MSP 501.

“We’re honored to be awarded #33 worldwide on the top 501 MSP list, and to be the highest rated in both the Caribbean and Latin American regions,” said Scott MacKenzie, CEO, Cloud Carib. “Last year, we were awarded #160 on the list, this huge jump is something we’re really proud of. We’re proud to be recognized on such a global scale and our improvement is further evidence that we’re helping transform this region and focused on continuous improvement. Every year, more MSPs enter the market and the competition gets fiercer, our rise in ranking demonstrates our dedication to our client’s business needs, our thirst for innovation and forward thinking as well as our ability to compete on a global scale.”

CEO Scott MacKenzie addresses a group of students at STEM event

In the 13 years since its inception, the MSP 501 has evolved from a competitive ranking list into a vibrant group of service providers, vendors, distributors, consultants and industry analysts working together to define the growing managed service opportunity.

“These benchmarks are what local businesses should examine when choosing a managed service provider with the experience, skill set, business knowledge and defined strategy to help them succeed in this fast-changing digital landscape,” says Kris Blackmon, Senior Content Director, Channel Partners and Channel Futures. “In all of the managed service providers that the region has to offer, Cloud Carib stands as a shining example of excellence.”

Ten MSP 501 special award winners will be recognized at the MSP 501 Awards Gala at Channel Partners Virtual: Digital Events for the Modern Channel on September 8 – 10. Nominations for these special awards, including Digital Innovator of the Year, Executive of the Year and the Newcomer Award, were included in the MSP 501 application, and all candidates were encouraged to submit for them.

The data collected by the annual MSP 501 program drives Channel Partners’ and Channel Futures’ market intelligence insights, creating robust data sets and data-based trend reports that support the editorial coverage, event programming, educational offerings, and community and networking strategies. It serves as a lynchpin to dozens of programs and initiatives.

The complete 2020 MSP 501 list is available at Channel Futures website.