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The MSPAlliance and The Utility Company, which specializes in managed services franchises, have inked a partnership. The agreement extends certain MSPAlliance benefits to Utility Service Provider franchisees.
According to a joint press release, the franchisees are now eligible for:
So much for immunity from the recession. Software as a Service (SaaS) stocks are now down nearly 30 percent in 2008. During the past week alone, MSPmentor’s SaaS 20 Stock Index fell 13.92 percent, closing at 716.13 on Friday, October 3. Read More >
In order to keep employees loyal, some managed service providers offer company cars to their field support staff. But continuing that company perk over the long haul could become more difficult during the credit crunch.
Fact is, lenders increasingly reject applications from people with good credit scores. Across the US, fewer than two-thirds — 63.7 percent — of car buyers who applied for loans are receiving approvals, accoring to a story in today’s Newsday, a major newspaper on Long Island. For “subprime” applicants, barely one in five of all car loan applications are getting approved.
Managed service providers are feeling pretty darn good about their business prospects. And many pundits say MSPs are immune to the economic slowdown.
But remember: Not even the best-run companies are safe from the current credit crunch. A case in point: Look at how the credit crunch has impacted Caterpillar, the big, highly profitable industrial machine maker. Read More >
At the ConnectWise Partner Summit in Orlando, Fla., managed service providers are buzzing about a range of topics. Amid growing US economic concerns, many managed service providers here are striving to focus on marketing, sales and emerging partnerships. However, there’s no doubt that the economy is starting to impact MSPs. Here’s why.
Lehman Brothers shares are down 94 percent from their 52-week high, because Wall Street thinks the investment bank may not survive. Bear Stearns has already gone off a cliff. And the government is taking over Fannie Mae and Freddie Mac. Yet the political news media focuses on colorful insults between the McCain and Obama camps. What’s wrong with this picture? Read More >
Sometimes, I find the most innovative managed service providers where I least expect them. A case in point: I visited Sytec Business Solutions — a managed service provider in Raleigh, North Carolina — on August 15. The company occupies an old Victorian home a few minutes from the heart of the city. There’s nothing flashy about Sytec Business Solutions or its headquarters.
But perhaps that’s the point: Instead of spending big dollars on a costly headquarters, the company seems to be plowing money into training, help desk and custom solutions for its customers. Here are some examples of what Sytec is doing right.
The last time I visited N-able CEO Gavin Garbutt at the company’s headquarters in Ottawa, he was celebrating N-able landing on Deloitte Canada’s Technology Fast 50 list. This time around, I expect to see Garbutt in New York the week of August 18, where he’ll be meeting with customers and investors. Yes, investors.
Financially speaking, this is an intriguing time for N-able and other managed services platform providers. Here’s why.
