Palmetto Technology Group (PTG) has been named as one of the world’s premier managed service providers on the prestigious 12th-annual Channel Futures MSP 501 rankings for the third straight year.

Every year, MSPs worldwide complete an extensive survey and application to report their product offerings, growth rates, annual total and recurring revenues, pricing structures, revenue mix, and more. MSPs were ranked according to a unique methodology that weights revenue figures according to how well the applicant's business strategy anticipates trends in the fast-evolving channel ecosystem.

"We continue to be recognized for our service, which focuses on engaging with heart, thinking forward, and doing it right," said Reed Wilson, founder and CEO of PTG. "These values continue to pay dividends to our team and customers."

In the 12 years since its inception, the MSP 501 has evolved from a competitive ranking list into a vibrant group of service providers, vendors, distributors, consultants, and industry analysts working together to define the growing managed service opportunity.

“The 2019 MSP 501 winners are the most elite, innovative, and strategic IT service providers on the planet, and they stand as a model of excellence in the industry,” says Kris Blackmon, content director of Channel Partners and Channel Futures and lead of the MSP 501 program. “As the MSP 501 Community grows, leagues of managed service providers learn from the successes of these winning companies, gaining insight into the best practices, strategies and technologies that elevate an MSP to the level of the 501 winners. Our heartfelt congratulations to the 2019 winners and gratitude to the thousands of MSPs that have contributed to the continuing growth and success of both the 501 and the thriving managed services sector.”

The complete 2019 MSP 501 list is available at Channel Futures.