Industry survey confirms IT Lab’s position among the very best IT managed services providers in Britain, Europe and the world.

British IT managed services company IT Lab has improved its ranking once again in the annual MSPmentor survey of the best 501 IT managed services providers worldwide. The company achieved an impressive 5th place in the UK/European rankings and 27th in the global list, confirming its position among the very best IT managed services providers worldwide.

MSPmentor’s respected annual industry survey, which ranks managed services providers according to metrics including recurring revenue, the number of devices managed, average revenue per employee and growth rate, provides a snapshot of the sector’s most successful companies worldwide.

The survey results demonstrate strong growth across the sector for the 7th consecutive year with managed services providers on this year’s global 501 list increasing their combined annual recurring revenues by $2.61 billion. Together, these companies now manage more than 700,000 servers, according to Jessica Davis, managing editor of MSPmentor.

“We are thrilled with the result for IT Lab which marks a significant improvement on last year’s already excellent rankings. This confirms the company’s position among the very best IT managed services providers and demonstrate our continued commitment to delivering truly world class IT managed services through the application of our trademark Service Obsession,” comments Tom Hipwell, IT Lab Enterprise Business Development Manager.

Written by Emily White