Thrive Named to ChannelE2E Top 100 Vertical Market MSPs: 2021 Edition
Sixth-Annual List Reveals Leading MSPs in Healthcare, Legal, Government, Financial Services & More
FOXBOROUGH, Mass. – April 29, 2021 – Thrive has been named to After Nines Inc.’s ChannelE2E Top 100 Vertical Market MSPs list and research 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.
Thrive ranked number three for Financial Services among the top vertical market MSPs. In addition, Thrive earned the number seven ranking overall in the MSP 100. Both of Thrive’s rankings climbed two spots from 2020.
“Thrive is thrilled to be recognized for single-digit rankings by the MSP community and this prestigious list,” said Rob Stephenson, CEO of Thrive. “These admirable industry rankings reflect Thrive’s growth strategy and commitment to optimize our clients’ business application performance with Thrive’s NextGen Platform of Cloud, Security, Networking, and Business Continuity services, powered by the automation and self-service capabilities of ServiceNow.”
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 a strong MSP response.
“After Nines Inc. congratulates Thrive 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: www.channelE2E.com/top100
Thrive has experienced monumental growth through ten acquisitions in under five years. The company continues to enhance its technology portfolio with Thrive’s Microsoft Collaboration and Digital Transformation Services and Thrive’s NextGen Platform of Cloud, Security, Networking, and Business Continuity services. For more information about Thrive, please visit www.thrivenextgen.com
Thrive is a leading provider of NextGen managed services designed to drive business outcomes through application enablement and optimization. The company’s Thrive5 Methodology utilizes a unique combination of its Application Performance Platform and strategic services to ensure each business application takes advantage of technology that enables peak performance, scale, and the highest level of security. For more information, thrivenextgen.com.
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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).