CRN Fast Growth 150 List.

The CRN Fast Growth 150 List is an annual ranking that showcases the most dynamic and rapidly expanding solution providers in the technology channel. Published by CRN, a brand of The Channel Company, this prestigious list highlights companies that have demonstrated exceptional revenue growth over a two-year period. The ranking is based on the percentage of growth in gross revenue from 2022 to 2023, with a minimum threshold of $1 million in annual sales.

This list serves as a benchmark for success in the IT industry, recognizing companies that have not only survived but thrived in a highly competitive and ever-changing market. The Fast Growth 150 List includes a diverse range of technology integrators, solution providers, and IT consultants from across North America, representing various specialties and business models within the IT sector.

Key aspects of the CRN Fast Growth 150 List include:

• Recognition of companies with at least $1 million in gross annual sales
• Ranking based on two-year growth rate percentages
• Inclusion of both well-established firms and newcomers to the industry
• Representation of various IT specialties, including managed services, cybersecurity, cloud solutions, and more

Being named to the CRN Fast Growth 150 List is a significant achievement for IT service providers and managed service providers (MSPs). This recognition serves as a testament to a company’s innovative strategies, strong customer relationships, and ability to adapt to rapidly changing market conditions.

For companies that make the list, the benefits extend beyond mere recognition. Inclusion can lead to:

• Increased visibility in the IT industry
• Enhanced credibility among clients and partners
• New partnership opportunities with vendors and other solution providers
• Improved ability to attract top talent in a competitive job market
• Validation of business strategies and growth initiatives

The Fast Growth 150 List also provides valuable insights into industry trends and successful business models. By analyzing the companies on the list, industry observers can identify emerging technologies, successful sales strategies, and effective management practices that are driving growth in the IT sector.

The 2024 CRN Fast Growth 150 List features an impressive array of companies with remarkable growth rates. While the complete list includes 150 companies, some standout performers deserve special mention:

• Driven Technologies: Topping the 2024 list with an astounding 4,690.7% two-year growth rate, this New York-based provider of IT professional and managed security services showcases the potential for explosive growth in the industry.
• Uprise Partners: Securing the second spot with a 445% growth rate between 2021 and 2023, this Portland, Maine-based company made its debut on the list, demonstrating that newcomers can quickly rise to prominence.
• Magna5: Earning the 15th position, this national leader in managed IT services, cybersecurity, and cloud solutions exemplifies consistent high performance in the competitive IT landscape.

Other notable companies on the list include:

• Sterling: Ranked 149th, marking its eighth all-time appearance on the list.
• MicroAge: Securing the 66th position, highlighting its long-standing expertise in the IT channel.
• Converge Technology Solutions, Trace3, Winslow Technology Group, and World Wide Technology: All making appearances on the 2024 list, representing a mix of established players and rising stars.

The CRN Fast Growth 150 List not only recognizes individual company achievements but also provides valuable insights into broader industry trends. The 2024 list reveals several key observations about the current state of the IT solution provider landscape:

• Average Growth Rate: The 2024 Fast Growth 150 recorded an average two-year growth rate of 135%, slightly down from the 145% average in 2023 but up from the 93% growth recorded in 2022.
• Emerging Technologies: Many fast-growing companies are focusing on cutting-edge areas such as artificial intelligence, cybersecurity, and cloud infrastructure management, indicating where the industry is heading.
• Diverse Business Models: The list includes companies with various approaches, from those growing organically to others expanding through strategic acquisitions.
• Resilience in Uncertainty: Despite ongoing economic uncertainties and rapid technological changes, many solution providers are not just surviving but thriving, showcasing the resilience of the IT sector.
• Importance of Agility: Companies on the list often credit their success to their ability to quickly adapt to changing market conditions and customer needs.

The CRN Fast Growth 150 List stands as a testament to the dynamism and resilience of the IT solution provider industry. It not only recognizes the achievements of individual companies but also provides a snapshot of the health and direction of the technology channel as a whole. For the companies included, it represents a significant milestone and a powerful marketing tool. For industry observers, it offers valuable insights into successful strategies and emerging trends.

As the technology landscape continues to evolve at a rapid pace, the companies on this list demonstrate the importance of innovation, customer focus, and adaptability. They serve as role models for others in the industry, showing that with the right approach, significant growth is possible even in challenging times. The CRN Fast Growth 150 List will undoubtedly continue to be a closely watched benchmark in the years to come, reflecting ongoing transformation and opportunities within the IT solution provider ecosystem.