JUNE 21, 2024: Velonex Technologies has been named as one of the world’s top-performing managed service providers in the prestigious 2024 Channel Futures MSP 501 rankings. The Channel Futures MSP 501 list, a technology industry benchmark, ranks companies based on their growth, profitability and innovation.
This year’s list is one of the most competitive in the survey’s history. 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. Velonex Technologies is excited to be named #85 to the Channel Futures 2024 MSP 501.
“The team at Velonex Technologies comes in every day to work on improving end-user experience and business outcomes for our clients,” said Elliott Edge, CEO of Velonex Technologies. “This recognition is a testament to the efforts of our team and the trust our clients place in us, and I am proud to be part of the track record we are establishing at Velonex.”
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 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.”
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.
About Velonex Technologies
Velonex Technologies is an industry leader in delivering technology services, with roots dating back to 1990. We believe that end-users deserve a better technology experience, and that is what drives us each day. Headquartered in San Antonio, Texas, with operations that span both across the Unites States and internationally, the company has a dedicated team with over three decades of track record helping clients achieve superior outcomes in their organizations through technology.
About Channel Futures
Channel Futures is a media and events destination for the information technology and communications industry. We provide information, perspective, and connection for the entire channel ecosystem, including solution providers (SPs), managed service providers (MSPs), managed security service providers (MSSPs), cloud service providers (CSPs), value-added resellers (VARs) and distributors, technology solutions brokerages, subagent and agents, as well as leading technology vendor partners and communication providers.