On the tenth anniversary of the industry’s most respected list of managed services providers (MSPs), Mico Systems was ranked 317 in the Top 501 MSPs in the world. Put in perspective, less than 30 who made the world-wide list were Canadian companies.
The MSPmentor lists are credibly the most stringent and credible rankings in the industry, due mostly to their rigourous methodology, which includes submitting financials. According to MSPmentor: “The methodology relies on an algorithm that assesses company strength based on revenue contributions from key go-to-market activities.”
“On behalf of MSPmentor, I would like to congratulate Mico Systems Inc. for its recognition as an MSP 501 honoree,” said Aldrin Brown, Editor in Chief, MSPmentor. “The managed service provider market is evolving at a rapid pace and the companies showcased on the 2017 MSP 501 list represent the most agile, flexible and innovative organizations in the industry.”
“It’s a big honour for Mico Systems, one of the few Canadian companies included on the list,” said Scott Barrett, President and CEO of Mico Systems Inc. “Credit goes to the amazing team here at Mico Systems.”
Mico Systems Growing
Mico Systems continues to grow year over year in team, client base and revenue built on very strong client relationships and major growth in Cloud Services, particularly Microsoft Azure, Office 365. Scott Barrett credits his team for the continuing growth, built on a team with an average satisfaction ranking with clients is 4.8 out of 5.
Mico Systems was also ranked as a Profit500 company. It’s full services include Managed IT, VoIP services, Cloud services including Microsoft Azure, and IT consulting. Founded in 1994, Mico Systems has expanded to a diverse portfolio of clients in many industries.
The 2017 MSP 501 list is based on data collected by MSPmentor and its partner, Clarity Channel Advisors. Data was collected online from Feb. 16 through May 15, 2017. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, growth and other factors.
Quoted from MSPmentor.com: “Taken as a whole, the companies on the 2017 MSP 501 list amassed a combined $14.48 billion in total revenue (based on 2016 results), up more than 15 percent from a year earlier.
“Of that figure, $4.30 billion was recurring revenue, an increase of nearly 13 percent from $3.81 billion in 2015.
“Despite the year-over-year increase, recurring revenues as a percentage of total revenue actually fell, ever so slightly – from 30.27 percent in 2016, to 29.67 percent last year.
“Following the trend of climbing revenue, headcount also grew at a healthy clip.
“Companies in the 2017 MSP 501 reported 41,915 full-time employees (FTEs) on Dec. 31 of last year, up nearly 12 percent from 37,487 at the end of 2015.”