Bastionpoint Technology Ranked on Channel Futures 2024 MSP 501

Annual Channel Futures MSP 501 Identifies Best of the Best in the Managed Services Industry

JUNE 25, 2024: Bastionpoint Technology 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.

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. Channel Futures is pleased to name Bastionpoint Technology to the 2024 MSP 501.

CIO Eric Clary stated, “I am thrilled and humbled to announce that Bastionpoint Technology has achieved a remarkable milestone this year as a “3PEAT” winner! Our dedication to excellence has positioned us not only as a leading MSP in the Richmond Market but also on a national scale.

At Bastionpoint, our team’s relentless commitment to achieving goals, exceeding client expectations, and prioritizing support and security sets us apart. We strongly believe that the collective contributions of each team member and our valued partnerships are the driving forces behind our success. I am honored to share that Bastionpoint Technology has been recognized as one of the world’s top-performing managed service providers in the prestigious 2024 Channel Futures MSP 501 rankings. (The ONLY MSP in the greater Richmond Virginia area at that!) This acknowledgment underscores our unwavering commitment to delivering exceptional vendor and platform-neutral services that provide unparalleled value to small, midsized, and enterprise customers.”

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, 2024 in Atlanta, GA. 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, 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.”