Braden Business Systems has been named one of the world’s top-performing managed service providers in the prestigious 2024 Channel Futures MSP 501 rankings. This marks the second consecutive year that Braden has been on the list, ranking #172 globally and earning the distinction of being the #1 MSP headquartered in Indiana.
The Channel Futures MSP 501 list, a technology industry benchmark, ranks companies based on their growth, profitability and innovation.
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 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 that weighs financial performance according to long-term health and viability, commitment to recurring revenue, and operational efficiency.
“Being ranked the #1 Managed IT Service Provider in Indiana and #172 globally out of over a million+ providers is simply outstanding,” said Erik Braden, managing partner, Braden Business Systems. “I’m so proud of our team for their hard work in consistently exceeding our clients’ and community’s expectations.”
This year’s list is one of 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 in Atlanta.
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 in 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 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 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 Channel Futures media organization, owned and operated by Informa, is the only channel-centric events, media, and research company that can provide such insight into the managed services market.
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.
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About Braden Business Systems
Braden Business Systems, founded in 1989, helps organizations achieve their missions with leading-edge technology solutions. From office equipment and managed IT services to document management and cyber security solutions, Braden is a true partner that delivers positive business outcomes for thousands of organizations for over 35 years. Braden believes in making our world a better place and striving to do right for our clients, communities, team members and families. We treat our fellow team members like family and our clients like partners. We go above and beyond expectations while holding ourselves to the highest standards. We empower firms with award-winning, leading-edge technology solutions that help businesses achieve their full purpose and potential.
