Momentum Advanced Solutions Inc., a publicly held IT service provider in Canada, says its 2Q managed services revenue jumped 48% to $2.24 million, up from $1.51 million for 2Q the previous year. I’m assuming the results are in Canadian dollars. Regardless, the percentage growth is impressive and reassuring for those promoting managed services.
While Momentum focuses primarily on Web hosting and managed Web services, the company’s business model reinforces growing interest in predictable outsourced IT services.
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Tags: managed services revenue | Managed services sales | Momenum Advanced Solutions Inc.
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Was this organic growth or growth through acquisition?
Stevie: Great question. Momentum has made at least one major acquisition in recent months. I’ve sent them a note asking if the MSP revenue growth was organic or via acquisition. My best guess is that it was organic.