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<figure class="wp-block-gallery aligncenter columns-1 is-cropped"><ul class="blocks-gallery-grid"><li class="blocks-gallery-item"><figure><img src="http://magnitech.com/mtech/uploads/2020/07/MSPLinkedInHeader-1024x256.jpg" alt="" data-id="2993" data-full-url="http://magnitech.com/mtech/uploads/2020/07/MSPLinkedInHeader.jpg" data-link="http://magnitech.com/?attachment_id=2993" class="wp-image-2993"/></figure></li></ul></figure>
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<h2><strong><a href="http://magnitech.com/about/">Magnitech</a> Ranked Among World’s Most Elite 501 Managed Service Providers </strong> </h2>
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<p>Annual MSP 501 Identifies Best-in-Class Global MSP Businesses &amp; Leading Trends in Managed Services </p>
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<p>JULY&nbsp;28, 2020:&nbsp;Magnitech&nbsp;has been named as one of the&nbsp;world’s&nbsp;premier managed service providers&nbsp;on the prestigious&nbsp;2020&nbsp;annual Channel Futures MSP 501 rankings.&nbsp;&nbsp;</p>
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<p>For the 13<sup>th</sup>&nbsp;year running, MSPs from around the globe&nbsp;completed&nbsp;an exhaustive survey and application&nbsp;this spring&nbsp;to self-report product offerings, annual total and recurring revenues, profits, revenue mix, growth opportunities and company and customer demographic information. Applicants are ranked on a unique methodology that weights revenue figures according to long-term health and viability; commitment to recurring revenue; and operational efficiency.&nbsp;&nbsp;</p>
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<p><a href="https://www.channelfutures.com/" target="_blank" rel="noreferrer noopener">Channel Futures</a>&nbsp;is pleased to&nbsp;name&nbsp;Magnitech&nbsp;to&nbsp;the 2020&nbsp;MSP 501.&nbsp;</p>
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<blockquote class="wp-block-quote"><p><strong>"When I started Magnitech, the goal was to create an elite IT service business unlike any other," said Tim Pabich, Founder and CEO, Magnitech. "Our clients and partners have trusted us, contributed directly to our success, and I’m forever grateful they gave me the opportunity to service and support their business.  This is only the beginning, and I look forward to the future."</strong> </p></blockquote>
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<p>In the 13&nbsp;years since its inception, the MSP 501 has evolved from a competitive ranking list into a vibrant group of service providers, vendors, distributors, consultants and industry analysts working together to define the growing managed service opportunity.&nbsp;&nbsp;</p>
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<p>“For the third year running, the applicant pool for the annual MSP 501 has grown year-over-year, making this year’s list the most competitive in the survey’s history,” says Kris Blackmon, Senior Content Director at Channel Partners and Channel Futures. “The MSP 501 leveraged judgement methodology brand-new in 2020&nbsp;to drill down into not just what makes a big managed service provider, but what makes a great managed service provider. The 2020 winners are truly the best examples of innovation, business acumen and strategic savvy on the planet. We extend our heartfelt congratulations to the&nbsp;2020&nbsp;winners and gratitude to the thousands of MSPs that have contributed to the continuing growth and success of&nbsp;both&nbsp;the 501&nbsp;and the thriving managed services sector.”&nbsp;</p>
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<p>Ten&nbsp;MSP 501&nbsp;special award winners will be recognized at the MSP 501 Awards Gala&nbsp;at&nbsp;<a href="mailto:https://tmt.knect365.com/channel-partners-conference-expo/" target="_blank" rel="noreferrer noopener">Channel Partners Virtual: Digital Events for the Modern Channel</a>&nbsp;on September 8 – 10.&nbsp;Nominations for these special awards, including Digital Innovator of the Year, Executive of the Year and the Newcomer Award, were included in the MSP 501 application, and all candidates were encouraged to submit for them.&nbsp;</p>
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<p>The data collected by the annual MSP 501 program drives Channel&nbsp;Partners’s&nbsp;and Channel&nbsp;Futures’s&nbsp;market intelligence insights, creating robust data sets and data-based trend reports that support our editorial coverage, event programming, community and&nbsp;networking strategies and educational offerings. It serves as a lynchpin to dozens of programs and initiatives.&nbsp;</p>
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<p>The complete&nbsp;<a href="https://www.channelfutures.com/msp-501/2020-msp-501-rankings" target="_blank" rel="noreferrer noopener">2020&nbsp;MSP 501 list</a>&nbsp;is available at&nbsp;Channel Futures.&nbsp;&nbsp;</p>
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<h4><strong>Background</strong>&nbsp;</h4>
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<p>The 2020 MSP 501 list is based on data collected by Channel Futures and its sister site, Channel Partners. Data was collected online from Mar. 1 through June 30, 2018. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, profit margin and other factors.&nbsp;</p>
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<h4><strong>About</strong><strong>&nbsp;</strong><strong>Magnitech</strong><strong>&nbsp;</strong>&nbsp;</h4>
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<p>Magnitech started providing IT support in 2010 with the idea that small and mid-sized businesses needed a virtual IT department that is affordable, responsible, and reliable.  Over the years we’ve grown into a <a href="http://magnitech.com/naperville/">premier technology company in Naperville</a> while continuing to serve businesses across the country.  Our colleagues at Magnitech understand the importance of culture, team, and training.  We continue to enhance our services to remain world-class among our peers. </p>
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<h4><strong>About Informa</strong><strong>&nbsp;Tech</strong>&nbsp;</h4>
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<p>Channel Futures, Channel Partners Online, Channel Partners Conference &amp; Expo and Channel Partners Evolution are part of Informa Tech, a market-leading B2B information provider with depth and specialization in the Information and Communications (ICT) Technology sector. We help drive the future by inspiring the Technology community to design, build and run a better digital world through our market-leading research, media, training and event brands. Every year, we welcome 7,400+ subscribers to our research, more than 3.8 million unique visitors a month to our digital communities, 18,200+ students to our training programs and 225,000 delegates to our events.&nbsp;</p>
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