ROCHESTER, NY—ComTec Solutions, a leader in managed IT and enterprise resource planning (ERP) services, has been named one of the Top 100 Vertical Market MSPs by Channel E2E for 2023. The research for this award is based on a worldwide survey of managed service providers, conducted from November 2022 through April 2023.
Rankings are based on annual recurring revenues in specific vertical markets for fiscal year 2022. This is the eighth annual research report from ChannelE2E. Research results revealed that these vertical market MSPs continue to grow and perform well despite inflation and threats of recession. These markets continue to expand faster than IT spending during that same period.
ChannelE2E, a CyberRisk Alliance resource, guides IT service providers from entrepreneur to exit. The organization aims to mitigate MSP risk while helping organizations maximize profits.
Here are some data points from the study:
- In total, the top vertical market MSPs generated revenues of $2.87 billion in 2022 compared to $2.25 billion in 2021, representing a 27.5% increase year over year.
- Meanwhile, Gartner reported IT spending on IT services to grow by just 3% in 2022 over 2021 and overall IT spending to decline by 0.2% for the same period.
- While this report does not look at margins and EBITDA, vertical market MSPs are able to specialize, standardizing their tech stacks for their specific verticals and training their staffs to best serve those verticals, leading to more efficient operations.
“We are so pleased to be included once again in this list,” said Rob Moyer, president of ComTec Solutions. “This award reflects our ongoing commitment to helping manufacturing businesses streamline their operations by delivering world-class technology solutions that help them achieve their goals with agility and confidence.”
As a recognized MSP leader, ComTec Solutions delivers comprehensive managed IT services that fit the unique needs of manufacturers. From data backup and recovery to cloud services that keep systems and data secure, ComTec helps organizations modernize their operations, resulting in increased productivity and efficiency.
About ComTec Solutions
ComTec Solutions is a full-service technology services and ERP implementation and consulting company that has been providing advisory and technical expertise for manufacturers and engineering firms for nearly 30 years. Companies looking to improve productivity, elevate the customer experience and accelerate financial growth find value in ComTec’s expertise. ComTec is a proud Epicor Certified Platinum Partner dedicated to helping customers strategically align technology with their desired business outcomes with speed, agility and confidence. To learn more, visit www.comtecsolutions.com.
ComTec Solutions Contact
Karin Schaff Glazier
(585) 330-1811
[email protected]
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