We are proud to announce that Third Octet, in our first attempt at joining this elite group of some of the biggest and most successful managed service providers in the world, has ranked 469 on the Channel Futures 2020 MSP 501 List.
Channel Futures is the only media brand devoted to the diverse spectrum of channel companies focused on digital services, including managed service providers, systems integrators, born-in-the-cloud services companies, specialized service providers, consultants, VARs and other organizations that operate outside of the traditional information and telecommunications technology (ICT) channel. Their team is comprised of a dedicated group of reporters, editors, analysts and channel industry professionals who work continuously to cover the ever-changing technology and channel landscape.
2020 marks the 13th year of the Channel Futures MSP 501 list; the world’s first, largest and most comprehensive survey and ranking list in the IT channel. Metrics used to evaluate the health of a partner and arrive at the applicant’s score include:
- Annual revenue weighted by revenue stream: 50%
- Profit margin: 25%
- Percentage of annual revenue that’s recurring: 15%
- Revenue per employee: 10%
“We are so proud of our accomplishments and will continue to strive to be the best managed service provider for our current and future clients. This ranking is just another stepping stone in our climb toward world class industry recognition and service” says Matthew Metelsky, CEO, Third Octet.