News In the News OST named to Everything Channel’s VAR500 list
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GRAND RAPIDS - OST (Open Systems Technologies), an employee-owned, $55 million company with offices in Grand Rapids and Minneapolis offers business process, IT, security and software development consulting services announced it has been recognized by Everything Channel as a part of CRN’s 2011 VAR500 list, which ranks the top technology integrators in North America.
Featuring the highest producing technology integrators and solution provider organizations in the IT channel, the VAR500 rankings consider earnings from hardware sales, software sales and managed IT services. OST placed 273rd in the 17th annual ranking, up nearly 150 spots from last year’s ranking of 425th.
The VAR500 is a list of the largest value-added resellers, solution providers and integrators in North America by revenue size. Revenue size is determined by the amount of annual products and services sold over the course of 2010.
“To not only be named to the VAR 500 list for the 3rd year in a row, but to also demonstrate consistent growth by rising up the ranks from number 483 in 2009 to 425 in 2010 to our spot at 273 this year means that OST is doing a lot of things right,” commented Marketing Director Michael Lomonaco. “We are honored by the continued trust and opportunities afforded to us by customers that turn to OST to solve some of their most complex business challenges through technology based solutions.”
“The VAR500 represents the top performing solution providers in the IT community,” said Kelley Damore, VP-editorial director, Everything Channel. “Vendors of all sizes rely heavily on the VAR500 list to find those solution providers best suited to sell their products. VAR500 honorees are considered trusted business advisors, integration experts, and invaluable partners. Even more importantly, they solve customers’ biggest IT business problems through product integration, training, consulting and services.”
The 2011 VAR500 list was announced at the VAR500 Executive Conference and Awards, an elite two-day conference designed for high level executives to meet with VAR500 companies to discuss business models, technology offerings, and partnerships. Held June 13-14 at the Sawgrass Marriot in Jacksonville, Fla., the conference focused on channel marketing strategies and direction, offering actionable content to the top Solution Provider organizations in North America. Attendees learned the secrets for uncovering new market opportunities from industry experts, peers and fellow VAR500 companies.
A sample of the VAR500 list will be published in print and online at CRN.com on June 20, 2011.
Since 2003, OST has logged nearly 40 percent compounded growth in revenue and in the number of employees. In 2007, 2008, 2009, and 2010 OST was recognized on INC. 5,000's Fastest Growing Private Companies. OST was also listed on CRN's FastGrowth100 in 2007-2010 and on the Michigan 50 Companies to Watch in 2009 & 2010.
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