ZNet Technologies Wins Coveted 2019 MSP 501 Newcomer Award
12 September 2019
Channel Futures Reveals 10 MSP 501 Special Award Winners
Jaipur, India, September 12th, 2019 ZNet Technologies has been named the 2019 NewComer in the prestigious 12th-annual Channel Futures MSP 501 rankings.
The competition for placement on the 2019 MSP 501 was steeper than in the history of the survey and rankings. 2019 saw a 35% YoY increase in applications, and a full two-fifths of the 2019 winners were not on the 2018 list. What’s more, the annual average revenue of an MSP 501er almost doubled from $28.8M for the class of 2018 to $42.3M for 2019 501ers. These statistics clearly demonstrate a massive wave of new applicants that mirror a managed services market that is constantly evolving and growing.
The bar for the Special Award winners, therefore, was higher than ever. Among the hundreds of applications from this group of outstanding MSPs, only 10 received one of the sought-after MSP 501 Special Awards.
Channel Futures is pleased to award ZNet Technologies with the 2019 MSP 501 Newcomer award, awarded for a first-time MSP 501er that is shaking things up. Out of hundreds of submissions, ZNet Technologies embodies the innovation, agility, customer focus and willingness to take risks that set Special Award winners apart.
“We know that modern businesses need next-generation managed services to accelerate their growth. We provide an umbrella of managed IT and cloud services for them. Our turnkey cloud automation platform – RackNap, built from the ground up for cloud service providers, help them provide the much needed hand-holding to scale and meet the evolving cloud customer needs,” said Munesh Jadoun, CEO, ZNet Technologies Pvt. Ltd.
“We are very honored to receive the 2019 MSP 501 Newcomer award that recognizes our efforts, innovative streak and our endeavors to succeed.”
Many of our 2019 MSP 501 winners push outside traditional IT infrastructure managed services. They are digital agencies, consultancies, resellers and agents that have recognized the thriving MSP opportunity and expanded their vision to incorporate creative, successful managed services practices within their operations.
“The 2019 MSP 501 Special Award winners stand as examples of the creativity, business agility and willingness to take risks that define the modern channel, and the Channel Futures team extends our heartfelt congratulations to these 10 innovative companies,” says Kris Blackmon, Content Director for Channel Partners and Channel Futures, and lead of the MSP 501 program. “The evolution of the managed services market is reflected in the changing nature of the MSP 501 winners over the years, and each and every winner from the past 12 years deserves the highest praise and is awarded inclusion in the exclusive Channel Futures 501er Community peer organization.”
The 10 special award winners were recognized at the MSP 501 Awards Gala on Tuesday, September 10 at Channel Partners Evolution in Washington, D.C.
The full list of special award winners are as follows:
- Comeback Kid: Business System Solutions
- Digital Innovator of the Year: Logically
- Vanguard: Platte River Networks
- Newcomer: ZNet Technologies Pvt Ltd.
- Executive of the Year: Sam Underwood, Goodwin PC Services
- Lifetime Achievement Winner: Bryon Bielman, iuvo Technologies
- Hall of Fame Winner: Sirius Computer Solutions
- MSP of the Year Finalists
The complete 2019 MSP 501 list is available at Channel Futures.
The 2019 MSP 501 list is based on data collected by Channel Futures and its sister site, Channel Partners. Data was collected online from March 1 through May 31, 2019. The MSP 501 list recognizes top managed service providers based on metrics including annual revenue and revenue stream mix.
ZNet Technologies Private Limited, incorporated in 2009, is a cloud services provider offering cloud infrastructure and managed services to partners and end customers across the globe with primary focus on India. ZNet powers well over 90K websites and applications globally and is one of the very first Microsoft CSPs in India. The business units of ZNet include ZNetLive (domain, hosting, cloud services provider) and RackNap (cloud service delivery and business automation platform). ZNet offers services from Microsoft, AWS, Alibaba and managed services via its certified cloud professionals. RackNap helps with automating the delivery of cloud services and helps bill the usage based on actual consumption.
ZNet is owned by RP tech India (a division of Rashi Peripherals Pvt Ltd.). Founded in 1989, RP tech India is the fastest-growing value-added distributor of IT and mobility solutions with 50 branches and 50 service centers across India. Growing at a consistent 25% CAGR YoY, the company offers products from over 23 renowned global brands to 9000+ customers spread across 750+ towns/cities in India.
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