The NextGen 101 List Honors Innovative, Growing MSPs
Lumos Technology Services has been named as one of the world’s premier managed service providers on the prestigious Channel Futures 2023 NextGen 101 rankings.
The NextGen 101, an MSP 501 list, honors industry-leading managed service and technology providers that are driving a new wave of growth and innovation for the tech channel via the groundbreaking solutions they deliver to their customers. Many of these MSPs generate recurring revenue from cloud, security, unified communications, and other solutions to small, medium and large clients.
These MSPs - based on their growth, drive and innovation - represent the future of the technology channel and IT industry. This year’s NextGen 101 winners were selected from applications received for the 2023 Channel Futures MSP 501.
Channel Futures is pleased to name Lumos Technology Services to the 2023 NextGen 101.
"We are honored to move up the NextGen 101 list a second year running," said Moses Varghese, Founder and CEO of Lumos Technology Services. "Lumos strives to provide top-notch support to our clients while working diligently to keep costs low in this challenging market. Our growth depends on the growth and security of our clients, and we value the partnerships we are forging moving forward."
Channel Futures strives to ensure their partner communities are recognized for what they do best and creates programs that recognize their contributions to the IT industry. The NextGen 101 represents that effort.
“I love following these companies and talking with their owners,” said Jeff O’Heir, Channel Futures senior news editor and manager of the MSP 501. “They’re excited about the latest technologies, embrace innovation, and often bring new sales and marketing strategies to the table. Many of them quickly move into the MSP 501 list where they have an even bigger impact on the industry.”
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.
“As the technology industry and channel enter a very challenging market, channel leaders are looking for ways to accelerate growth,” said Robert DeMarzo, vice president of content for Informa Tech Channels. “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.”
The 2023 MSP 501 and NextGen 101 lists are based on data collected by Channel Futures. Data was collected online from February to May, 2023. The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, profit margin and other factors.
Lumos Technology Services began out of a desire to help people. Reliable and secure IT infrastructure is the foundation of a successful business. A disruption in operations is detrimental to core relationships with vendors, customers, and employees. Recognizing the value of expert IT support is an integral step for a business owner. Acquiring that support is where Lumos comes in.
Lumos founder, Moses Varghese, began his IT career twenty years ago as a helpdesk technician. His vigilant work ethic and promotion in the field have given him an intricate understanding of the IT process in every aspect of support. Moses holds a Master of Science in Information Technology, with a focus in cybersecurity. Small to medium sized businesses account for over two thirds of all cyberattacks. Sixty percent of these businesses close within 6 months of an attack due to the crippling cost of restoring services and trust. Lumos is Moses’ solution to mitigate these vulnerabilities.
Lumos began at home, with Moses providing IT support to the small business of a friend and previous coworker in need of a full infrastructure rebuild with ongoing support of users, and implementation of security protocols and processes. As referrals poured in due to Moses’ expert service and customer support, a full-time operation ensued. Lumos now boasts an incredibly knowledgeable team of experts who are dedicated to the success and security of its clients.
Lumos has a passion for small and medium sized businesses, and a desire to see them protected and outfitted to face the IT challenges of the 21st century. With a strong commitment to its core values of integrity, value, humility, persistence, and excellence, Lumos provides values-driven IT services that promote security and privacy throughout all facets of the IT process.
Channel Futures is a media and events destination for the information and communication technologies (ICT) channel community. We provide information, perspective and connection for the entire channel ecosystem, including solution providers (SPs), managed service providers (MSPs), managed security service providers (MSSPs), cloud service providers (CSPs), value-added resellers (VARs) and distributors, technology solutions brokerages, subagents and agents, as well as leading technology vendor partners and communication providers.
Our properties include many awards programs such as 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, Channel Futures Leadership Summit, Women’s Leadership Summit, the MSP Summit and Channel Partners Europe; and a DEI Community Group, our initiative 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.
Channel Futures Senior News Editor and MSP 501 Manager
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