Nexus, a leading provider of advanced technology and network integration, has been recognized by Everything Channel’s VARBusiness magazine as one of North America’s top technology integrators. Nexus placed number 230 in the 14th annual VARBusiness 500 ranking.
The VAR 500 list details the leading revenue producers among technology integrators and technology solution provider organizations in North America. The list’s ranking is based on gross worldwide revenue of hardware and software sales, as well as earnings from professional and managed information technology (IT) services.
“The indirect sales channel for technology products and services drives two-thirds of all technology sales in the U.S., and the solution providers who make up the channel are the primary influencers of business technology decision making. This is why the VAR 500 is such an important list, because these are the top solution providers in the industry, and we salute each of them for their stellar performance,” said Robert C. Demarzo, Senior Vice President and Editorial Director, Everything Channel.
The 2008 VARBusiness 500 list includes 113 new companies with 10.6 percent of them in the top 100 of the list. In addition, the starting point of the list - the revenue of company number 500 - rose to $33.4 million, up 35.2 percent, from $24.7 million in 2007. This increase reflects the strength and robust growth of the technology reseller channel.
“We are extremely pleased to make the VARBusiness 500 list again this year,” said Deron Pearson, Nexus President and Chief Operating Officer. “Since nexus was launched in 2004, we have expanded to nearly 350 professionals and our 2007 revenues exceeded $140 million on organic sales growth that has exceeded 30% each year since inception. As part of our commitment to our customers and our employees, we continue to plan for long-term growth by continuing to invest in the business. We look forward to connecting with our clients on their organizational goals, collaborating with them to determine the best route to make those goals, and creating a solution that will make them even more successful.”
The complete listing of the VARBusiness 500 is published in the May 26, 2008 issue of the business magazine that provides strategic insight for technology integrators.
To complete the 2008 ranking of the 500 largest North American solution providers, system integrators, VARs and IT consultants, companies were asked to complete an online questionnaire to determine prequalification. In February 2008, VARBusiness conducted extensive research and analyzed the data. Independent data sourcing (e.g., SEC filings, annual reports, etc.) also was conducted. finalists were ranked according to their fiscal year 2007 revenue, based only on their reseller-related services business.
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