Annual MSP 501 Identifies Industry’s Best-in-Class Businesses Through Growth and Innovation
For a fourth consecutive year, Cloud Carib has been named as one of the world’s premier managed service providers in the prestigious 2022 Channel Futures MSP 501 rankings, being awarded #12 on the list. For the past 16 years, managed service providers (MSPs) from around the globe have submitted applications to be included on this prestigious and definitive listing. The Channel Futures MSP 501 survey examines organizational performance based on annual sales, recurring revenue, profit margins, revenue mix, growth opportunities, innovation, technology solutions supported, and company and customer demographics.
Cloud Carib has broken a new record, placing #12 worldwide and #1 in the Caribbean and Latin America as one of the technology industry’s top-performing providers of managed services! Winners are reviewed by the editors of Channel Futures and this year was one of the most competitive years in the survey’s history. The Bahamas-based managed services provider first made its entrance on the MSP 501 2019 list at number 160. In 2020 the company’s ranking jumped significantly to number 33 and rose again in 2021 when the company debuted at number 28.
“This truly has been a team effort” explained Cloud Carib CEO Scott MacKenzie. Since being recognized for the first time in 2019, we’ve seen consistent growth and that is the result of hard work and dedication put in by all members of our team.”
MSPs that qualify for the list must pass a rigorous review conducted by the research team and editors of Channel Futures. It ranks applicants using a unique methodology that weighs financial performance according to long-term health and viability, commitment to recurring revenue and operational efficiency.
“It is exciting to be named among such an impressive list of MSP’s” said Cloud Carib Founder and CTO Stelios Xeroudakis, “for the past ten years, we’ve committed to providing exceptional service across the Caribbean and it’s an amazing feeling to be recognized for that work.”
Since its inception, the MSP 501 has evolved from a competitive ranking into a vibrant group of innovators focused on high levels of customer satisfaction at small, medium, and large organizations in public and private sectors. Today, many of their services and technology offerings focus on growing customer needs in the areas of cloud, security, collaboration and support of hybrid work forces.
“The 2022 Channel Futures MSP 501 winners are the highest-performing and most innovative IT providers in the industry today,” said Allison Francis, senior news editor for Channel Futures. “The 501 has truly evolved with the MSP market, as showcased by this year’s crop of winners. This is also the fifth consecutive year of application pool growth, making this year’s list one of the best on record.”
“We extend our heartfelt congratulations to the 2022 winners, and gratitude to the thousands of MSPs that have contributed to the continuing growth and success of the managed services sector,” said Kelly Danziger, general manager of Informa Tech Channels. “These providers are most certainly driving a new wave of innovation in the industry and are demonstrating a commitment to moving the MSP and entire channel forward.”
This year’s winners are being recognized on the Channel Futures website and will be honored at a special ceremony at the Channel Futures MSP Summit + Channel Partners Leadership Summit, Sept. 13-16, in Orlando, Florida.