Channel News
2023 Fast Growth 150: The Top 25 Solution Providers
Rick Whiting
Here are the top 25 companies on this year’s CRN Fast Growth 150 list, which ranks solution providers with gross annual sales of at least $1 million by their two-year growth rate.
Over the last two-plus years the channel has had to navigate through some very choppy waters including the impact of the global COVID-19 pandemic, supply chain shortages, surging inflation, rising interest rates and continued economic uncertainty.
And yet many IT solution and strategic service providers have prospered during these challenging times, recording robust growth as they meet customers’ rapidly evolving needs, adapting their business models and expanding the range of IT products and services they offer.
The annual CRN Fast Growth 150 shines a spotlight on these channel champions, ranking solution providers with annual sales of at least $1 million by their average two-year revenue growth rate (this year between 2020 and 2022).
Overall, this year’s Fast Growth 150 recorded an average two-year growth rate of approximately 145 percent. That’s up from the 96 percent average for the 2022 Fast Growth 150 list and the 83 percent growth recorded by the 2021 Fast Growth 150 class.
The 150 companies on this year’s list collectively generated $25.49 billion in revenue in 2022. That’s down considerably from recent years – the 2022 Fast Growth 150 collectively generated $82.40 billion the previous year – suggesting that the 2023 list includes more small and mid-size solution providers.
This year’s Fast Growth 150 includes some well-known names including Converge Technology Solutions (No. 34), NWN Carousel (No. 41), Park Place Technologies (No. 61), Evotek (No. 72), EPAM Systems (No. 75), Winslow Technology Group (No. 106), GreenPages (No. 125 and just changed its name to Blue Mantis) and Computer Design & Integration (No. 132).
The 2023 Fast Growth 150 list also has a number of solution providers who are appearing for the first time, including Microsoft support services provider US Cloud (No. 5 with 351 percent growth), cybersecurity and risk management services provider NuHarbor Security (No. 21 with 193 percent growth) and custom software development company Tech9 (No. 25 with 172 percent growth).
Here we present the 25 solution providers with the fastest growth rates. The complete list can be found at CRN.com.
