The NextGen 101 List Honors Partners Building MSP Practices
Lumos Technology Services has been named as one of the world’s premier managed service providers on the prestigious Channel Futures 2022 NextGen 101 rankings.
The NextGen 101 list honors industry-leading managed service and technology providers who are driving a new wave of growth and innovation for the tech channel via the groundbreaking solutions they deliver for their customers. The Channel Futures NextGen 101 are those companies that hold great promise given the leading-edge information technology and communication solutions they offer. Many of those business models revolve around generating recurring revenue from cloud, security and unified communications, among others.
Given that they represent the future of the technology channel and IT industry, the Channel Futures NextGen 101 are the growth organizations to watch in the channel today. This year’s NextGen 101 winners were selected from applications received for the 2022 Channel Futures MSP 501.
"Lumos is honored to be recognized in a booming field as one of the 2022 NextGen 101 managed service providers," said Moses Varghese, Founder and President, Lumos Technology Services. "Lumos strives to provide expert, values-driven support to our clients. Each member of our team has excelled as we have sought out innovative ways to support our client’s businesses, providing high quality IT solutions with a focus on efficiency and cybersecurity."
Channel Futures strives to ensure that their partner communities are being recognized for what they do best and are therefore creating programs targeted toward their needs. The NextGen 101 represents that effort.
“The NextGen 101 is designed specifically to honor partners dedicating resources to building out their practices — all while maintaining the integrity of their core businesses,” said Allison Francis, senior news editor at Channel Futures. “These companies truly represent the future of the technology channel and IT industry. They are most assuredly some of the most watched organizations in the channel today.”
“As the technology industry and channel enter a very challenging market, channel leaders are looking for ways to accelerate growth. The Channel Futures NextGen 101 represents some of the fastest-growth and high-potential MSPs in the market today. These companies are providing innovative approaches to customer solutions and partner engagement never seen before. They truly represent the future of the channel,” said Robert DeMarzo, Vice President of Content for Informa Tech Channels.
The data collected by the annual NextGen 101 and MSP 501 drive Channel Futures’ market intelligence insights, creating robust data sets and data-based trend reports that support our editorial coverage, event programming, community and networking strategies and educational offerings.
The 2022 MSP 501 and NextGen 101 lists are based on data collected by Channel Futures. 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.
Lumos Technology Services began in January 2019 out of a desire to help people. Founder and President, Moses Varghese, saw that so many companies were unaware when it came to cybersecurity, and were therefore, extremely vulnerable to threats to the security and operations of their businesses. Moses had owned his own small business before and knew the pressures which that entailed and how tough a disruption in business could be to core relationships with vendors, customers, and employees. This created a desire in him to build a new IT company which focuses on security and privacy throughout all facets of the IT process. Moses began supporting a handful of clients on his own and eventually came across Hardeman Company, a family office with the mission of acquiring and managing small businesses. Hardeman has a long-term investment horizon, a concern for their companies’ legacies and the wellbeing of all stakeholders, and a commitment to always doing the right thing.
Hardeman’s DNA and vision were a perfect fit for Moses. Together Moses and Hardeman founded Lumos Technology Services, which began servicing all the companies in the Hardeman portfolio leading to immediate technology upgrades and best-in-class service. With a strong commitment to its core values of integrity, humility, passion, persistence, and excellence, Lumos provides values-driven IT services to all clients, delivering valuable customer education and ensuring satisfaction in all support interactions.
The Lumos vision is to bring enterprise architecture and service to small to medium sized businesses. To achieve this, Moses worked diligently to build strong partnerships with companies such as SonicWall, Fortinet, HPE, Dell, Super Micro, VMWare, top tier datacenters, and other small businesses in the area with the same passion for customer success. This helped Lumos to package hosting with security and offer the same dependability and security services enterprise companies are afforded but with costs that are reasonable for small to medium sized businesses.
Lumos has placed its core values and open communication as its cornerstone. Emphasis of these values begins heavily during the interview process to ensure that each new hire is a perfect fit for Lumos. Every team member, from the president to the newest technician, is held to the same high standard of integrity. Each member of Lumos is passionate about their work, instilling great confidence in the work of the collective team. The motivation behind branding Lumos was that we would be a light in the workplace that others were drawn towards. This idea has ignited a business model that continues to reach farther as we bring on new clients and team members.
Lumos supports a wide variety of MSP, cybersecurity, and hosting clients. Our largest clients are in the healthcare arena. Other clients are in fields such as financial services, legal services, corporate recruiting, software development, oil and gas, construction, and ecommerce. In addition to supporting managed service users, we have performed IT compliance audits for healthcare and financial organizations. Lumos performs cybersecurity assessments which include penetration testing, a detailed plan for remediating vulnerabilities, employee training, and continued monitoring services. Lumos has also designed custom websites and digital marketing materials for multiple clients.
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.
Senior News Editor, Channel Futures and MSP 501
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