iuvo Secures Spot on Channel Futures MSP 501 for Sixth Consecutive Year

iuvo, a prominent Boston-based IT consulting and managed services company, has been named one of the world's top-performing managed service providers (MSPs) in the highly regarded 2024 Channel Futures MSP 501 rankings. This marks the sixth consecutive year that iuvo has earned a spot on this prestigious list, which is widely considered a benchmark in the technology industry. The ranking evaluates companies based on their growth, profitability, and innovation.

Established 17 years ago, the Channel Futures MSP 501 list is a significant milestone for any managed services organization. The ranking process relies on a comprehensive quantitative methodology that assesses annual revenue, profitability measured by EBITDA, and recurring revenue. This methodology has been developed by industry experts and serves as a rigorous benchmark for MSPs worldwide.

To qualify for the list, MSPs must undergo a thorough review conducted by the Channel Futures research team and editors. The unique methodology used for ranking candidates weighs financial performance based on long-term health and viability, commitment to recurring revenue, and operational efficiency. Channel Futures has announced that iuvo will be honored at the MSP Summit from September 16-19, 2024, in Atlanta, GA.

"To echo Dave Raffo, MSP editor, this has been a challenging market in a fiercely competitive industry, so emerging on top is a testament to not only our commitment to our customers, but also shows how gritty we have been," said Bryon Beilman, President & CEO of iuvo. "We have had to work hard to keep our value and services high while many of our competitors are driving down their prices and value. Our entire company of iuvonauts are very proud to be recognized."

Beilman attributed iuvo's success to a customer-centric approach, stating, "We have a philosophy of relentlessly focusing on the needs of our customers. We released a few new productized services over the last year based on us listening to the needs of our customers and creating something novel that would make their business better, more secure, resilient, and compliant. Our focus on automation through a DevOps approach of managing our customers' infrastructure using a code-based approach allows us to provide enterprise-class features at a midmarket price."

He went on to highlight iuvo's exceptional performance metrics, including an NPS score of 80, which is well over double the MSP average. With IT consultants averaging 24 years of experience, iuvo's customers receive unparalleled technical acumen and customer service. "One of our customers recently told me that iuvo is by far the best IT support company that they have experienced in their career," Beilman added.

This year's MSP 501 list is among the most competitive in the survey's history. The winning companies collectively generated nearly $25 billion in revenue, with an average growth in recurring revenue of 19%. These MSPs are recognized for delivering exceptional vendor and platform-neutral advice and value to small, midsized, and enterprise customers worldwide.

The Channel Futures MSP 501 is pivotal in keeping global customers safe, connected, and efficient. "For a managed service provider to attain a spot on the Channel Futures MSP 501, everything must be operating at peak performance," said Bob DeMarzo, VP Content at Informa Channels. "This list represents the most productive, profitable, fastest-growing organizations in the technology industry focused on driving their customers to new heights."

About iuvo: Based in Boston, iuvo offers a range of professional IT services and solutions designed to drive innovation and growth across the United States. Since 2007, iuvo has disrupted the IT industry by providing exceptional service to co-managed and in-house IT teams. Their offerings include Managed Services, IT Consulting & Strategy, Virtual CIO, Secure AI, DevOps, Security Services, and Cloud Services.