Leading Technology Franchise Ends the Year with Double-digit Growth

TeamLogic IT, a franchise network of managed IT service providers, is set to post double-digit 2020 networkwide sales growth over 2019. The company has experienced significant growth over the course of the last four years. From 2017 to 2020, locations within the TeamLogic IT network grew by 65%, and network revenue increased by 101%.

Information technology franchise on track to end the year with 16% networkwide sales growth over 2019.

“Not many companies can say that 2020 was a growth year for them,” said TeamLogic, Inc. President and COO Dan Shapero. “In addition to our networkwide 16% growth, we have met our annual goal in terms of number of offices sold. Even in the pandemic, we were selling new franchises, which demonstrates that companies still need help with their IT, particularly now that many of their employees are working from home. Cybersecurity, cloud and remote set up are all services that have grown over the last several months.”

Shapero added, “Above everything, our franchisees are the real reason for our success. We’re elated that they have been recognized as Channel Futures MSP of the Year. Due to our managed services model and the best-in-class service our franchisees provide to each and every one of their clients, we are posed for significant growth in new locations and sales for the coming year.

TeamLogic IT has also been recognized as the 2020 Inc. 5000 list of the fastest-growing private companies in America, and on Channel Futures MSP 501 global ranking of top managed service providers.

According to an industry report conducted by Equity Research, the next decade will be a golden age for the MSP market. As organizations become increasingly reliant on outside assistance for their IT needs, the MSP market is estimated to reach $200 billion by 2023.