Recovery Point Systems Recognized on the Channel Futures 2024 MSP 501 List
Annual Channel Futures MSP 501 Identifies Best of the Best in the Managed Services Industry
Germantown, MD – June 25, 2024 – Recovery Point Systems, a leader in cyber and business resilience services based in Germantown, has been named as one of the world’s top-performing managed service providers in the prestigious 2024 Channel Futures MSP 501 rankings. The Channel Futures MSP 501 list, a technology industry benchmark, ranks companies based on their growth, profitability, and innovation. Recovery Point moved into the top 10 for 2024, taking the #6 spot on the list.
For the past 17 years, managed service providers around the globe have submitted applications for inclusion on this respected and definitive listing. It is a milestone achievement for any managed services organization to be included on the list. The Channel Futures MSP 501 survey uses a quantitative methodology to rank companies based on their annual revenue, profitability measured by EBITDA, and recurring revenue. The methodology has been developed by a Who’s-Who in the managed services industry.
MSPs that qualify for the list must also pass a rigorous review conducted by the Channel Futures research team and editors. Channel Futures ranks applicants using a unique methodology that weighs financial performance according to long-term health and viability, commitment to recurring revenue and operational efficiency.
Recovery Point is the industry model for true end-to-end recovery and continuity solutions with extensive service offerings, including Disaster Recovery as a Service (DRaaS), Ransomware Recovery as a Service (RRaaS), Fully Managed Resiliency, Infrastructure as a Service (IaaS), Backup as a Service (BaaS), Advisory Services, Data Centers and Colocation, and Tape Vaulting. With these data protection and business resilience solutions, backed by Tier III data centers and annual recognition from Gartner and ISG as a leader in the space, Recovery Point’s clients can feel confident that they are ready for any disruption.
“At Recovery Point, we offer fully managed and automated disaster recovery services that allow our clients to harness predictive and proactive strategies, ensuring they are truly ahead of the next generation of disruptions,” said Jack Dziak, Executive Chairman and CEO of Recovery Point. “With the proliferation of cyber threats and attacks, recovery is no longer an afterthought for organizations, it’s a top priority at the board level. It’s what we do at Recovery Point day in and day out, and we do it better than anyone else. We are thrilled to be included on the MSP 501 list as one of the top managed services providers. It’s a testament to the expertise of our team and the client-focused nature of how we do business.”
This year’s list is one of the most competitive in the survey’s history. Winners will be recognized on the Channel Futures website and honored during a special ceremony at MSP Summit, Sept 16-19, 2024 in Atlanta, GA.
The MSP 501 represents the best in the technology services industry delivering outstanding vendor and platform neutral advice and value to small, midsized and enterprise customers. This year, the MSP 501 generated aggregate revenue of nearly $25 billion with average growth or recurring revenue of 19%. These are truly the best of the best. Many of their services and technology offerings focus on customer needs in the areas of AI, cloud, security, collaboration, networking, help desk and remote monitoring and management.
The Channel Futures MSP 501 is responsible for keeping their global customers safe, connected, and efficient.
“The 2024 Channel Futures MSP 501 winners survived a challenging market and emerged as the highest performing and most innovative IT providers in the industry today,” said Dave Raffo, MSP editor and MSP 501 project manager. “The most impressive thing about the MSP 501 winners is they deliver for their customers every day. These are the most innovative, driven, and successful MSPs in a fiercely competitive industry.”
“For a managed service provider to attain a spot on the Channel Futures MSP 501 everything must be operating at peak performance. This list represents the most productive, profitable, fastest-growing, organizations in the technology industry focused on driving their customers to new heights.” said Bob DeMarzo, VP Content, Informa Channels.
“These are the best of the best in the managed services industry as defined by Channel Futures’ extensive research. The MSP 501 companies are the most sought after by peers who want to understand today’s best practices and by technology suppliers who want to partner with these organizations,” DeMarzo stated. “At their core, these are vendor and platform neutral partners focused on doing what is right for their customers.”
Background
The 2024 MSP 501 list is based on confidential data collected and analyzed by the Channel Futures research and editorial teams. Data was collected online from February to May, 2024. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, profit margin and other factors.
About Recovery Point
Recovery Point is a pure play provider of true end-to-end recovery and continuity solutions. As an award-winning nationwide leader in data protection and business resilience services, we serve organizations ranging from the Fortune 500 to SMBs, as well as federal, state, and local governments. We have the experts, the technology, and the platform to ensure resiliency and recovery across changing cyber threats and technology environments. For more information about Recovery Point, visit www.recoverypoint.com.
About Abry Partners
Abry Partners is one of the most experienced and successful sector-focused private equity investment firms in North America. Since its founding in 1989, the firm has completed over $90 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across its active funds. For more information about Abry Partners, visit www.abry.com.
###
Media Contact:
Erin Steinmetz
SVP, Marketing
240-632-7007
esteinmetz@recoverypoint.com