In the News
Thrive Named to ChannelE2E Top 100 Vertical Market MSPs: 2019 Edition
Fourth-Annual List Reveals Leading MSPs In Healthcare, Government, Financial Services, Manufacturing & More
Foxborough, MA, April 29, 2019 — Thrive, a premier provider of Next Generation Managed Services has been named to After Nines Inc.’s ChannelE2E Top 100 Vertical Market MSPs list and research for 2019. The annual list and research identify and honor the top 100 managed services providers (MSPs) in healthcare, government, financial services, manufacturing, legal, not-for-profit and additional vertical markets.
The Top 100 Vertical Market MSPs rankings are based on ChannelE2E’s Q4 2018 and January 2019 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. Among the Top 100 Vertical Market MSPs for 2019:
- Honorees generated a combined $699.1 million in vertical market annual recurring revenue (ARR) for 2018, up from $277.3 million in 2017. The surge involved organic growth combined with aggressive merger and acquisition (M&A) activity.
- Honorees are managing nearly one million devices.
- The most successful vertical market MSPs are zeroing in on financial services and healthcare, while manufacturing, legal and not-for-profit vertical activities are accelerating.
Thrive was ranked #11 among the top vertical market MSPs overall, and fifth in the Financial Services market.
“After Nines Inc. congratulates Thrive on this year’s honor,” said Amy Katz, CEO of After Nines Inc. “Through a vertical market focus, top MSPs are generating stronger profit margins and increased customer loyalty, while increasingly attracting acquisition and investor interest from peer MSPs and private equity firms.”
Thrive has grown their Financial Services Practice over the past year by expanding their solutions portfolio to include the highly regarded InfoHedge Hosted Platform™. As one of the largest managed service providers (MSPs) in the United States, Thrive focuses upon mid-market clientele with a strong concentration in the Financial Services sector. In addition to the Private Equity, Hedge Fund, Banking and Asset Management, Thrive also has strong practices in Life Sciences, Healthcare, Higher Education, Retail & other industries known for having extensive storage needs and strict security requirements.
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/
Thrive is a leading application enablement provider for enterprises in a Cloud and SaaS-based world. As one of the largest Managed Services Providers in the United States, Thrive optimizes business application performance with their Suite of Next Generation Managed Services; which includes Public, Private & Hybrid Cloud management, Cybersecurity, Networking, Disaster Recovery and more. Thrive’s Next Generation Platform helps compliance-driven businesses solve complex IT problems by delivering peak application performance around the globe, 24×7. For more information, visit www.thrivenetworks.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