EATONTOWN, N.J. & LONDON -- June 28, 2023 -- CDS, the leading provider of multi-vendor services (MVS) for data centers worldwide, today announced the company has been named one of the top 50 companies in the world for managed service providers in the 2023 Channel Futures MSP 501 rankings.
Coming in at 39 out of 501, the Channel Futures MSP 501 survey examines organizational performance based on annual sales, recurring revenue, profit margins, revenue mix, growth, innovation and supported technologies. For the past 17 years, managed service providers around the globe have submitted applications for inclusion on this prestigious and definitive listing. In 2022, CDS ranked 137, jumping nearly 100 places on this year’s list.
"We are thrilled to be named in the top 50 of the 2023 MSP 501 rankings," Joe Cozzolino, CEO of CDS, said. " Our high ranking is evidence of the hard work of our support staff and engineers who ensure we provide top-notch service to our partners and continue innovating on platforms like Raytrix MVS. We look forward to building off the success of last year and advancing the multi-vendor services industry.”
MSPs that qualify for the list must pass a rigorous review conducted by the research team and editors of Channel Futures. It ranks applicants using a unique methodology that weighs financial performance according to long-term health and viability, commitment to recurring revenue and operational efficiency. This year’s list is one of the most competitive in the survey’s history.
“The 2023 Channel Futures MSP 501 winners persevered through challenging times to become the highest-performing and most innovative IT providers in the industry today,” said Jeff O’Heir, Channel Futures senior news editor and MSP 501 project manager. “The MSP 501 ranking doesn’t award MSPs solely on their size and revenue. It acknowledges the business acumen, best practices and trusted advice they deliver to customers every day. They deserve the honor.”