CyberLogic, a Cape Town-based IT service and support company, today announced it was one of only 10 South African companies that made it into the MSPmentor 501 - 2013 edition, a listing of and the ultimate guide to the world's best managed services providers. It was also one of only seven that made it into the MSPmentor Top 50 Europe, Middle East, Africa (EMEA) listing.
"This recognition by MSPmentor again confirms and underpins our standing as a key MSP player in the local market," commented Edge Bisset, CEO of CyberLogic. "We have been recognised every year since these ratings commenced four years ago, and unlike some of our competitors, we specifically focus on the SME sector and those companies that are very reliant on their information technology. I congratulate our whole team on their combined efforts that has resulted in CyberLogic receiving these accolades year after year."
"MSPmentor congratulates CyberLogic on this honour," added Amy Katz, president of Nine Lives Media, a division of Penton Media and the publisher of MSPmentor. "Qualifying for our MSPmentor 501 Global Edition puts CyberLogic in rare company."
"What differentiates us from many companies on this list is that we have retained a strong focus on our core competencies, refusing to be drawn into peripheral areas, so that we can excel in our niche", continued Bisset, "and we believe our continued success is a direct result of being totally focused in this way.
"In addition, the strong results from our financial year that closed only a few days ago, which indicate a significant growth from both a revenue and profit perspective, cement our position in these ratings," concluded Bisset. "Going forward, the signs are also encouraging and should result in this new financial year being another positive one for us, as more and more SMEs embrace the managed services model."
The MSPmentor 501 is an annual report from MSPmentor, and this year's report has been expanded from 100 to 501 companies worldwide to reflect the following market realities:
* The MSP market is no longer a niche industry and managed services have now gone mainstream.
* Small, midsize and large MSPs worldwide were clamouring for more detailed information about market size, competitive positioning and overall industry performance.
Companies are ranked on a range of metrics, including annual recurring revenue (ARR), total devices managed, revenue per employee, and growth rates. All financial information for non-US MSPs was converted to US dollars to ensure a consistent ranking methodology worldwide.
For further information, please visit www.cyberlogic.co.za or call (+27) 021 425 4200.
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