Your IT Department have been named as the leading Managed Service Provider in the East Midlands in the prestigious 2024 Channel Futures MSP 501 rankings
For the past 17 years, managed service providers around the globe have submitted applications for inclusion on this prestigious listing. It is a milestone achievement for any managed services organization to be included on the list. 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. The methodology has been developed by a Who’s-Who 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. This weighs financial performance according to long-term health and viability, commitment to recurring revenue and operational efficiency.
Fantastic Achievement
Your IT Department’s Managing Director Lee Hewson, who co-founded the company in 2009, said he was delighted by the company’s success.
“This is a fantastic achievement and a result of all the hard work of everyone involved with the business,” said Lee.
“We are proud of the high quality customer service and expertise we provide to our customers. From humble beginnings, the business has continued to grow successfully over 15 years. We now have a turnover of more than two million pounds.”
As well as being ranked tenth in the UK, Your IT Department was placed 195th globally. The company was started by Lee Hewson and Director of Service Delivery, Simon Cox, and now employs 24 people.
Highly Competitive
This year’s list is one of the most competitive in the survey’s history.
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 aggregate revenue of nearly $25 billion with 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 the areas of AI, cloud, security, collaboration, networking, help desk and remote monitoring and management.
The Channel Futures MSP 501 is responsible for keeping their global customers safe, connected and efficient.
“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 they deliver for their customers every day. 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, organisations in the technology industry focused on driving their customers to new heights.” said Bob DeMarzo, VP Content, Informa Channels.
The Best of The Best
“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 organisations,” 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.
