An impressive 43 IT service providers surfaced today on the Inc. 5000 list for 2019, according to a ChannelE2E analysis of the list. Moreover, dozens of additional MSPs surfaced in various Inc. 5000 list categories outside of the IT services provider rankings.
Inc. 500 List for 2019: MSPs In Multiple Categories
Still, there were some blurry lines between the Inc. 5000 company categories. For instance, quite a few IT service providers and MSPs surfaced instead in the IT management category — which included a whopping 276 companies.
MSP names to know in the IT management category include NexusTek (671 percent three-year growth, $93.2 million in 2018 revenue). NexusTek is a nationwide managed IT services provider, backed by private equity, that has acquired multiple firms over the past year or so.
Inc. 5000 List 2019: Additional IT Channel-related Honorees
Additional IT-related company categories on the Inc. 5000 list include:
computer hardware (32 companies);
IT system development (120);
software (461); and
Pax8 — a cloud distributor — surfaced as a software company (4820 percent growth; $42.4 million revenue). The category makes sense in many ways, considering Pax8 has developed its own cloud distribution software platform to help MSPs source, monetize and manage third-party cloud services.
MSP-focused marketing and sales-enablement companies also surfaced on the list. Marketopia, for instance, has grown 486 percent in the past three years, generating $5.4 million in revenue for 2018, the Inc. 5000 report says. The company surfaced in the advertising and marketing category.
Inc. 5000 List: Criteria for Honorees
To be considered for the list, U.S.-based privately held companies must:
have generated at least $100,000 in revenue in 2015;
have generated at least $2 million in revenue in 2018;
be privately held, for profit; based in the U.S., and independent (not a subsidiary or division of another company).
Top 100 Lists: Including Public Cloud MSPs; Vertical Market MSPs; and IT Service Provider Acquisitions