NexusTek Ranked on Channel Futures 2022 MSP 501

NexusTek Ranked on Channel Futures 2022 MSP 501
NexusTek Ranked on Channel Futures 2022 MSP 501

NexusTek Ranked on Channel Futures 2022 MSP 501—Tech Industry’s Most Prestigious List of Managed Service Providers Worldwide

For the Fifth Consecutive Year, Annual MSP 501 Includes NexusTek Among Industry’s Best-in-Class Businesses Growing Via Recurring Revenue and Innovation

Denver, CO (June 29, 2022) – NexusTek has been named as one of the world’s premier managed service providers in the prestigious 2022 Channel Futures MSP 501 rankings.

NexusTek has been selected as one of the technology industry’s top-performing providers of managed services by the editors of Channel Futures. For the past 16 years, managed service providers (MSPs) from around the globe have submitted applications to be included on this prestigious and definitive listing. The Channel Futures MSP 501 survey examines organizational performance based on annual sales, recurring revenue, profit margins, revenue mix, growth opportunities, innovation, technology solutions supported, and company and customer demographics.

MSPs that qualify for the list must pass a rigorous review conducted by the research team and editors of Channel Futures. It ranks applicants using a unique methodology that weighs financial performance according to long-term health and viability, commitment to recurring revenue and operational efficiency.

Channel Futures is pleased to name NexusTek to the 2022 MSP 501.

“We are deeply honored to be recognized on the Channel Futures MSP 501 list again this year,” said Mike Hamuka, Chief Revenue Officer, NexusTek. “NexusTek continually strives to accelerate performance by aligning our innovation and service initiatives with customer experience. Our commitment to our customers is the foundation of our success, and it is gratifying to see the outcomes of a customer-driven approach earn NexusTek a spot on the MSP 501 for the fifth consecutive year.”

This year’s list once again attracted a record number of applicants, making it one of the most competitive in the survey’s history. Winners are being recognized on the Channel Futures website and will be honored at a special ceremony at the Channel Futures MSP Summit + Channel Partners Leadership Summit, Sept. 13-16, in Orlando, Florida.

Since its inception, the MSP 501 has evolved from a competitive ranking into a vibrant group of innovators focused on high levels of customer satisfaction at small, medium and large organizations in public and private sectors. Today, many of their services and technology offerings focus on growing customer needs in the areas of cloud, security, collaboration and support of hybrid work forces.

“The 2022 Channel Futures MSP 501 winners are the highest-performing and most innovative IT providers in the industry today,” said Allison Francis, senior news editor for Channel Futures. “The 501 has truly evolved with the MSP market, as showcased by this year’s crop of winners. This is also the fifth consecutive year of application pool growth, making this year’s list one of the best on record.”

“We extend our heartfelt congratulations to the 2022 winners, and gratitude to the thousands of MSPs that have contributed to the continuing growth and success of the managed services sector,” said Kelly Danziger, general manager of Informa Tech Channels. “These providers are most certainly driving a new wave of innovation in the industry and are demonstrating a commitment to moving the MSP and entire channel forward.”

The complete 2022 MSP 501 list will be available on Channel Futures’ website on Monday, June 20th.

Background

The 2022 MSP 501 list is based on confidential data collected and analyzed by the Channel Futures editorial and research teams. Data was collected online from Feb. 1-April 30, 2022. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, profit margin and other factors.

About NexusTek

Trusted by thousands of small and medium-sized businesses (SMBs), NexusTek is a national managed IT services provider with a comprehensive portfolio comprised of end-user services, cloud, infrastructure, cyber security, and IT consulting. We design holistic solutions for customers that deliver a superior end-user experience, backed by a 24/7/365 domestically staffed support team. NexusTek Managed Service Plans offer end-to-end IT management with fixed-monthly, per-user pricing through which SMBs can leverage helpdesk, backup, disaster recovery, dedicated engineers, security, 24×7 remote support and network monitoring services while creating predictable IT budgets.

About Channel Futures

Channel Futures is a media and events platform serving companies in the information and communication technologies (ICT) channel industry with insights, industry analysis, peer engagement, business information and in-person events. We provide information, perspective, and connection for the entire channel ecosystem. This community includes technology and communications consultants, integrators, sellers, MSPs, agents, vendors and providers.

Our properties include the Channel Futures MSP 501, a list of the most influential and fastest-growing providers of managed services in the technology industry; Channel Partners events, which delivers unparalleled in-person events including Channel Partners Conference & Expo, the MSP 501 Summit and Channel Partners Europe; and Allies of the Channel Council (ACC) and DEI Community Group, our initiatives to educate, support and promote diversity, equity and inclusion (DE&I) in the ICT channel industry. Channel Futures is where the world meets the channel; we are leading Channel Partners forward. More information is available at channelfutures.com.

Channel Futures is part of Informa Tech, a market-leading B2B information provider with depth and specialization in ICT sector. Every year, we welcome 14,000+ subscribers to our research, more than 4 million unique monthly visitors to our digital communities, 18,200+ students to our training programs and 225,000 delegates to our events.

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Which IT Solutions Are a Perfect Fit for Growing Businesses?

Which IT Solutions Are a Perfect Fit for Growing Businesses?

READ TIME: 4 MIN

Which IT Solutions Are a Perfect Fit for Growing Businesses?

Which IT Solutions Are a Perfect Fit for Growing Businesses?

Growing businesses face a unique collection of challenges. There is never enough time in the day, your budget only goes so far, and opportunities for growth are often coupled with overwhelming demands on your company’s resources. IT systems can help small and medium-sized business (SMB) leaders to manage growing pains more effectively, but only 18% of SMB leaders feel confident in their ability to implement technologies in a strategic manner1.

If selected carefully, IT solutions truly can help to reduce strain on growing businesses. In particular, the cloud-based services referred to “as-a-service” solutions are perfectly tailored to the needs of growing businesses. Common solutions in this category include:

  • Infrastructure-as-a-Service (IaaS): IaaS refers to on-demand computing, storage, and networking resources that can be accessed via the internet.

  • Software-as-a-Service (SaaS): SaaS refers to specific software applications that be accessed through the internet rather than by installing the programs directly onto your devices.

  • Desktop-as-a-Service (DaaS): Also termed virtual desktop infrastructure (VDI), DaaS is also accessed via the internet but includes a full suite of applications that together make up an employee’s desktop.

Not only are these services delivered in the cloud, but they are managed by an IT services provider that will handle maintenance and regular updates. To understand why these cloud-based, as-a-service solutions are such a great fit for growing businesses, it is helpful to evaluate them in relation to critical factors for such businesses: cost, IT expertise, time investment, flexibility, and scalability.

Make Efficient Use of Smaller Budgets

In an investigation of barriers to adoption of new technologies by SMBs, the most frequently cited barrier—reported by 68% of leaders—was budget constraints2. Solutions like SaaS and IaaS are more affordable for smaller businesses because their pay-as-you-go pricing means that you only pay for the amount of licensing or data your business needs. Because payment is proportioned according to usage, growing businesses can obtain top-grade software and cloud computing resources with less expense compared to the equivalent on-premises software and hardware.

No Need for IT Expertise

Growing businesses typically have limited IT capacities, and in many cases, they lack an IT department altogether. On average, SMB leaders fulfil the responsibilities of 3 to 4 organizational roles2, which often includes IT management roles. As-a-service solutions are a great fit when IT expertise is lacking or in short supply, because they do not require that you set up and maintain complicated networking and hardware. If you know how to connect your device to the internet, you have the requisite level of IT expertise to set up and maintain IaaS, SaaS, or DaaS environments.

Time-Saving Implementation & Maintenance

For leaders of SMBs, insufficient time is one of the top 3 constraints on business growth2. This makes the fast and convenient nature of as-a-service solutions attractive to time-strapped leaders. Because applications, storage, computing, and networking are accessible through the internet, the setup process is just a matter of logging in. In addition, the service provider takes care of patches and updates for you, taking another time-consuming task off your to-do list.

Access Business Data Anywhere, Any Time

SMB leaders put in heavy hours, which is easier to manage if you can work from anywhere. DaaS or VDI solutions make this possible, providing users with their full desktop experience on any device and from any location with an internet connection. VDI solutions also allow growing businesses to offer remote or hybrid work, which has become essential for staying competitive in a tough job market.

Scale Usage Level Easily

With a growing business, it is important to be prepared for increases in demand while also keeping your costs as low as possible. Reflecting the difficulty of striking this balance, 50% of SMB leaders cited scaling technology as a major challenge to growth for the next 2 years2.

With SaaS and VDI, you can quickly and easily increase the number of software licenses without buying and installing new software; you just contact your service provider and submit a request. Similarly, IaaS data usage can be expanded with short notice, allowing you to quickly jump on growth opportunities that require greater computing power.

On the other hand, seasonal downturns or unexpected drops in business require downward scaling, which is just as quick and easy to accomplish. Because as-a-service solutions are subscription-based, you have the freedom to decrease usage levels as needed to control costs. This helps growing business leaders to avoid paying for unused software licenses and hardware, which is always a risk with on-premises deployments.

Offering a variety of cloud-based solutions including SaaS, DaaS/VDI, and IaaS, NexusTek supports SMBs to implement IT infrastructure that is tailor-made for growth.

Are you interested in exploring IT solutions for your growing business?

References:

  1. (2019). Tech buying trends among small and medium-size businesses. https://www.comptia.org/content/research/smb-technology-buying-trends
  2. (2019). Small & medium business trends report. https://www.salesforce.com/content/dam/web/en_gb/www/pdf/smb/salesforce-research-smb-trends-report-3.pdf

Are BYOD Practices Putting Your Business at Risk?

Are BYOD Practices Putting Your Business at Risk?

READ TIME: 4 MIN

Are BYOD Practices Putting Your Business at Risk?

Are BYOD Practices Putting Your Business at Risk?

In our hyper-connected world, most of us have experienced some degree of blurring between “work” and “personal” spheres. An example of this phenomenon is bring-your-own-device (BYOD) work practices, which refers to the use of personal devices for work purposes. Although BYOD was initially somewhat controversial, it is now the norm rather than the exception. In fact, 83% of companies now allow at least some use of personal devices for work purposes1. As BYOD creates distinct cyber security risks, it is important to understand the nature of those risks and how to contain them.

Why Have So Many Employers Adopted BYOD?

Before discussing risks, it is worthwhile to consider the reasons that BYOD has become so prevalent. One of the main reasons that BYOD has taken off is because it enhances job satisfaction for employees who have strong device preferences—and this is a sizable portion of the workforce. Specifically, 50% of employees over the age of 30 expressed a strong preference for their own devices over those provided by their employer2.

Use of personal devices can also cut costs and create efficiencies for employers. Whether employees are working remotely or in the office, using familiar equipment is less stressful and reduces the time a company must invest in device-related training and troubleshooting. Researchers have also found that employees who were permitted to use their own devices were 34% more productive3.

Cost savings of BYOD are also attractive to employers, especially to small and medium-sized businesses (SMBs) that have limited budgets. Studies have demonstrated that BYOD practices may save a company $350 to $1,300 per employee, per year4. Given these clear benefits, it’s easy to see why BYOD has caught on so widely; however, with these benefits come distinct cyber security risks.

How Does BYOD Create Cyber Security Risks?

In spite of the benefits, BYOD practices introduce a higher degree of cyber risk for businesses. This is because every device that connects to a company’s network (i.e., every endpoint) creates a new point of vulnerability for hackers to exploit. Illustrating this risk, 51% of data breaches have been attributed to employees’ personal devices5. Risk emerges from multiple points:

  • Unmanaged devices: The term “shadow IT” refers to employees’ use of devices, software, and applications for work purposes without the knowledge of the employer. Shadow IT creates risk because if a company isn’t aware that a device is being used for work, then it cannot implement normal precautions (e.g., anti-malware software). When polled, 17% of employees admitted to using their cell phones for work without telling their employer6. It only takes one point of vulnerability for a data breach to occur, making this a considerable threat.

  • Lax personal device security: Although your company might require strong passwords and multifactor authentication, employees may be less stringent with security practices for their own devices. Many employees may even store company passwords in unsecured notes apps on their mobile devices. If an employee’s personal device is hacked, this gives the hacker easy access to business networks and data.

  • Malware: Another point of vulnerability is downloads; when using personal devices, employees may unwittingly download files or programs that contain malware. Malicious code can then be spread to the company network the next time the employee logs in from their device.

  • Device loss: Another source of risk is device loss, as employees are more likely to carry personal devices around with them than company-issued devices. This makes personal devices more likely to be lost, increasing the chances of business data falling into the wrong hands.

Cyber Defense Strategies for BYOD-Related Risks

Whether your business formally sanctions BYOD practices or not, enacting protective strategies is the safest option. Here are important methods to consider:

  • Managed endpoint detection: To recognize threats to your company’s network, it is necessary to first identify all endpoints. Keeping track of all personal devices manually is time-consuming and prone to error. With managed endpoint detection, however, any new devices that access your network are automatically detected, whether the employee has informed you of their intent to use the device or not.

  • Managed endpoint monitoring: In addition to detecting endpoints that are logged into your business network, it is important to proactively monitor for suspicious behavior or indicators of malware. With managed endpoint monitoring, any malicious activity is detected immediately, triggering an appropriate response such as logging the user out and issuing alerts.

  • Patch management: When vulnerabilities are identified in operating systems, software, or applications, patches that resolve them are issued. Because cyber criminals can exploit these vulnerabilities to hack into business networks, it is essential that patches and updates be installed immediately. With the expanded attack surface BYOD creates, falling behind on updates is a recipe for disaster.

  • Vulnerability scanning: In addition to endpoint detection, it is also important to routinely scan all endpoints on the network edge for vulnerabilities. With an ever-changing collection of personal devices accessing your network, spotting areas of vulnerability and addressing them promptly is sound practice.

  • Employee security awareness training: Your employees are the #1 source of cyber risk to your business, making cyber security awareness training essential in a BYOD environment. When employees are equipped to make smart choices, the whole business benefits.

With a range of solutions to defend against cyber threats of all types, NexusTek supports SMBs to take advantage of the benefits of BYOD practices while maintaining a robust cyber security posture.

Would you like to learn about cyber defense strategies to protect against BYOD-related risks?

References:

  1. Kolmar, C. (2022, April 14). 26 surprising BYOD statistics [2022]: What to know for your business. Zippia. https://www.zippia.com/advice/byod-statistics/
  2. Bullock, L. (2019, January 21). The future of BYOD: Statistics, prevention and best practices to prep for the future. Forbes. https://www.forbes.com/sites/lilachbullock/2019/01/21/the-future-of-byod-statistics-predictions-and-best-practices-to-prep-for-the-future/?sh=3f62f1501f30
  3. Turek, M. (2016, August 3). Employees say smartphones boost productivity by 34 percent: Frost and Sullivan research. Samsung Insights. https://insights.samsung.com/2016/08/03/employees-say-smartphones-boost-productivity-by-34-percent-frost-sullivan-research/
  4. Barlette, Y., Jaouen, A., & Baillette, P. (2021). Bring Your Own Device (BYOD) as reversed IT adoption: Insights into managers’ coping strategies. International Journal of Information Management, 56, 1-16. https://doi.org/10.1016%2Fj.ijinfomgt.2020.102212
  5. AT&T. (2017). Mind the gap: Cybersecurity’s big disconnect–The CEO’s guide to cybersecurity. https://www.business.att.com/content/dam/attbusiness/reports/cybersecurity-report-v6.pdf
  6. Kolmar, C. (2022, April 14). 26 surprising BYOD statistics [2022]: What to know for your business. Zippia. https://www.zippia.com/advice/byod-statistics/

NexusTek Honored on CRN’s 2022 Solution Provider 500 List

NexusTek Honored on CRN’s 2022 Solution Provider 500 List
NexusTek Honored on CRN’s 2022 Solution Provider 500 List

NexusTek Honored on CRN’s 2022 Solution Provider 500 List

Recognized as a leading solution provider for the fourth consecutive year

Denver, CO, June 1, 2022 — NexusTek, a top national cloud, managed IT services, and cyber security provider, today announced that CRN®, a brand of The Channel Company, has named NexusTek to its 2022 Solution Provider 500 list.

CRN’s annual Solution Provider 500 ranks North America’s largest solution providers by revenue and serves as the gold standard for recognizing some of the channel’s most successful companies. With a combined revenue of more than $434 billion, this year’s list represents an impressive amount of influence and impact wielded by these companies on today’s IT industry and the technology suppliers they partner with.

“NexusTek is honored to be recognized on CRN’s 2022 Solution Provider List,” said Scott Ray, Chief Operating Officer of NexusTek. “At NexusTek, we place our customers’ success and satisfaction above all else, allowing their needs and priorities to drive our strategic solution offerings and customer service provision. We believe that our own success, evidenced by our inclusion on CRN’s SP500 for four years running, demonstrates the importance of making customer service the core of our values and actions. We plan to continue in this direction, evolving as a solution provider as our customers’ needs require.”

“The Solution Provider 500 list from CRN serves as the benchmark for the top technology integrators, strategic service providers, and IT consulting firms, making it an invaluable resource for technology vendors seeking to partner with today’s top-performing IT solution providers,” said Blaine Raddon, CEO of The Channel Company. “My congratulations go out to each of these companies for their extraordinary contributions to the continued growth and success of the IT channel.”

CRN’s 2022 Solution Provider 500 list is available online at www.CRN.com/SP500 and a sample from the list will be featured in the June issue of CRN Magazine.

With over 25 years of experience, NexusTek provides holistic solutions that combine best-in-class technology and an experienced workforce of highly skilled engineers and IT professionals to design, deliver, on-board, and maintain IT operations for thousands of businesses across the U.S. and Canada. 

About NexusTek

Trusted by thousands of small and medium-sized businesses (SMBs), NexusTek is a national managed IT services provider with a comprehensive portfolio comprised of end-user services, cloud, infrastructure, cyber security, and IT consulting. We design holistic solutions for customers that deliver a superior end-user experience, backed by a 24/7/365 domestically staffed support team. NexusTek Managed Service Plans offer end-to-end IT management with fixed-monthly, per-user pricing through which SMBs can leverage helpdesk, backup, disaster recovery, dedicated engineers, security, 24×7 remote support and network monitoring services while creating predictable IT budgets.

About The Channel Company

The Channel Company enables breakthrough IT channel performance with our dominant media, engaging events, expert consulting and education, and innovative marketing services and platforms. As the channel catalyst, we connect and empower technology suppliers, solution providers, and end users. Backed by more than 30 years of unequaled channel experience, we draw from our deep knowledge to envision innovative new solutions for ever-evolving challenges in the technology marketplace. www.thechannelcompany.com

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