Sixth-Annual List Reveals Leading MSPs in Healthcare, Legal, Government, Financial Services & More
May 3, 2021 (EAST HANOVER, NJ) – SWK Technologies, Inc. has been named to After Nines Inc.’s ChannelE2E Top 100 Vertical Market MSPs list and research (https://www.channelE2E.com/top100) for 2021. The annual list and research (hashtag: #MSP100) identify and honor the top 100 managed services providers (MSPs) in healthcare, legal, government, financial services, manufacturing and additional vertical markets.
This year’s Top 100 Vertical Market MSP research results are particularly impressive. MSP honorees successfully navigated the coronavirus pandemic and grew their managed annual vertical market revenue 25 percent on average. In stark contrast, total small business revenue in the United States fell 27.5 percent from January 2020 through March 2021, according to TrackTheRecovery.org.
The Top 100 Vertical Market MSPs rankings are based on ChannelE2E’s Q4 2020 and January 2021 readership survey, and ChannelE2E’s vertical market industry coverage. MSPs featured throughout the list and research leverage deep vertical market expertise to drive annual recurring revenues (ARR) in specific market segments.
This year’s research revealed several key MSP market trends, including:
- Honorees generated a combined $1.40 billion in vertical market annual recurring revenue (ARR) in 2020, up from $1.12 billion million in 2019. The surge involved organic growth combined with continued merger and acquisition (M&A) activity.
- The most successful vertical market MSPs are zeroing in on healthcare and financial services, while MSPs in the legal and not-for-profit sectors also showed particularly strong growth.
- The Top 100 Vertical Market MSPs now manage more than 3.1 million users across their customer sites as of 2020, up from 2.8 million in 2019.
- MSPs consider their top vertical market technology partners to be Microsoft (58%), Dell Technologies (19%), Cisco Systems (17%), ConnectWise (16%) and Amazon Web Services (14%). Datto, Fortinet, Ingram Micro and Pax8 also earned strong MSP response.
SWK Technologies was ranked number 45 out of 100 on the total list, and among the top 5 vertical market MSPs in the manufacturing vertical.
“We’re proud to be named to the ChannelE2E Top 100,” said Mark Meller, CEO of SWK. “Our team has done a remarkable job during the Covid-19 pandemic. As the “work-from-home” paradigm has become part of every company’s reality over this past year, our MSP has ensured that our customers can effectively work and collaborate remotely while simultaneously maintaining the health and safety of their employees. Whether in Infrastructure-as-a-Service, cybersecurity, application hosting, business continuity, disaster recovery or helpdesk, the SWK team enables the success of our customers by helping them realize value for their IT investments each and every day.”
“SWK Technologies persistently demonstrates our ability to address our client’s mission-critical and industry-specific technology needs, as evidenced by our continued growth on this list.” said Bill Michaels, SWK’s VP of Operations for Managed Cloud Services. “Manufacturers have been hit hard on all sides by the pandemic, regulatory changes and pervasive cyber attacks, including multiple ransomware breaches that have plagued businesses in this sector from big to small. Our managed IT, cloud and cybersecurity services enable our customers in this space to meet these challenges head-on, and we will continue to help them capture the best value from their solutions and processes.”
“After Nines Inc. congratulates SWK Technologies, Inc. on this honor,” said Amy Katz, CEO of After Nines Inc. “Businesses worldwide depend on the Top 100 Vertical Market MSPs for cybersecurity, automation and revenue-generating technology services – especially amid the coronavirus pandemic.”
The ChannelE2E Top 100 Vertical Market MSPs list and research are overseen by Content Czar Joe Panettieri (@JoePanettieri). Find the online list and associated report here: https://www.channelE2E.com/top100
In addition to being named to the ChannelE2E Top 100 Vertical Market MSPs list in 2018, 2019, 2020, and 2021 SWK has also ranked in the Channel Futures MSP 501 and the NEXTGEN 101, the Elite 150 category of the CRN MSP 500, and CRN’s Solution Provider 500. In July of 2020, SWK’s Network Services (NWS) and cloud hosting divisions were combined to form Managed Cloud Services, bridging cloud infrastructure management with managed IT and business continuity services to extend SWK’s support capabilities over customers’ entire technology stack ecosystems.
About SWK Technologies, Inc.
SWK Technologies, Inc. delights its customers and partners by providing solutions and expertise that transform their businesses and enable success. SWK’s Strategic Technology Advisory Team (STAT) provides business management consulting services that help maximize value derived from technology investments. SWK Managed Cloud Services, the cloud hosting and managed services division of SWK Technologies, is an award-winning IT solution provider and network defense resource. SWK’s parent company, SilverSun Technologies, Inc., is publicly traded (NASDAQ: SSNT).
MEDIA CONTACT:
Antonio Carrion
SWK Technologies, Inc.
(973) 396-1747
antonio.carrion@swktech.com
About After Nines Inc.
After Nines Inc. provides timeless IT guidance for strategic partners and IT security professionals across ChannelE2E (www.ChannelE2E.com) and MSSP Alert (www.MSSPAlert.com). ChannelE2E tracks every stage of the IT service provider journey — from entrepreneur to exit. MSSP Alert is the global voice for Managed Security Services Providers (MSSPs).
- For sponsorship information contact After Nines Inc. CEO Amy Katz, Amy@AfterNines.com
- For content and editorial questions contact After Nines Inc. Content Czar Joe Panettieri, Joe@AfterNines.com