March 26, 2015: Velocity Network has appeared on Penton Technology’s eighth-annual MSPmentor 501 Global Edition, a distinguished list and report identifying the world’s top 501 managed service providers (MSPs). The complete 501 list is currently available on the MSPmentor. Additional lists include:
“Being recognized as a Top 100 MSP on the MSPmentor 501 Global Edition is a distinct honor, that as CEO, I attribute entirely to each of our Velocity Network employees. As is true in virtually all industries, a company is only as good as its people, and this statement is most certainly true here at Velocity Network. Our high quality staff has created strong and lasting client relationships, as well as an extremely efficient service delivery process; a combination that has enabled us to grow, compete, and remain profitable in what we all know to be a highly competitive industry." said Joel Deuterman, President and CEO of Velocity Network.
Each year, MSPmentor gathers information for its annual rankings through the participation of managed service providers and IT service providers in our annual survey. The survey was conducted from December 2014 through January 2015. Rankings are based Penton Technology’s unique criteria for MSPs such as annual recurring revenues, total revenues and more. "We want to congratulate Velocity Network and look forward to covering their growth strategies in the year ahead," said Marcia Parker, Executive Director, Penton Technology Group.
This year the top MSPmentor 501 companies recorded higher recurring revenues than ever before. Combined, the total annual recurring revenues for all of MSPmentor 501 2015 companies reached a record high of $3.95 billion in 2014, up 26.5% year over year.
"Thank you to all the companies who participated in this year's MSPmentor 501 survey, and congratulations to the companies that ranked on our 501 list, our regional lists and our Small Business list," said Jessica Davis, Editor in Chief of MSPmentor and Executive Editor at Penton Technology. "Your participation enables us to continue to provide you with high quality information about the most successful business models, pricing, vertical markets and other approaches to running your businesses in 2015 and beyond."
MSPmentor, produced by Penton Technology, is the ultimate guide to managed services. MSPmentor features the industry’s top-ranked blog, research, Channel Expert Hour Webcasts and FastChat videos. It is the number one online media destination for managed service providers in the world.
About Velocity Network
Since 1990, Velocity Network has provided enterprise-level IT solutions to organizations throughout Northwest Pennsylvania. From fiber optic Internet and voice service — to managed helpdesk support, telephone systems and everything in between, Velocity Network is the region's leading IT provider because of their continuous investment in technology and their employees, who are passionate about providing the right solution. For more information on Velocity Network, visit www.VelocityNetwork.net.
Penton drives performance for more than 16 million professionals each and every day. They rely on us to deliver: Insights, information & workflow tools to inform critical business decisions; networking & community to engage them with industry peers & partners; and data & marketing services to advance their business performance & deliver ROI.
Penton is a growth company with a track record of strong performance and success and is backed by its co-owners: MidOcean Partners and U.S. Equity Partners II, an investment fund sponsored by Wasserstein & Co., LP.
For additional information on the company and its businesses, visit www.penton.com.
Penton Technology Names Velocity Network to the MSPmentor 501 Global Edition
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2503 West 15th Street, Suite #10 - Erie, Pennsylvania 16505
P.O. Box 9008 - Erie, Pennsylvania 16505