TeamLogic IT Franchise History
How TeamLogic IT became the brand small- and medium-sized businesses rely on for Managed IT Services
Almost every business relies on technology to some extent, and when that technology fails, it creates a huge disruption that can cost businesses time, money and reputation. That’s why businesses are eager to invest in TeamLogic IT. In the United States, businesses spend more than $410 billion on IT services annually.
According to Techvera, the average small business spends 6.9% of their revenue on IT, while the medium-sized businesses spend 4.1% – and these numbers are poised to grow as dependence on technology increases. In fact, in a new report published by Spice Works, 44% of businesses plan to increase spending on IT in 2020, and one in four businesses will increase IT spending due to a security incident, or the threat of one occurring.
First Research reports that while the industry is booming, it is also highly fragmented. Of the 142,000 IT companies in the U.S., the largest players account for 40% of the revenue, which creates opportunities for small companies to thrive by focusing on niche segments.
In the case of TeamLogic IT, who serves the important and growing niche of small- and medium-sized businesses, the opportunity continues to grow. The vast majority of our competition comes from independent computer repair firms or individuals that offer varying levels of expertise and service.
Hiring an IT professional is challenging for a small- to medium-sized business owner. The vast number of tools that are available, both hardware and software, can lead to a great deal of confusion. Getting those tools to work together in an integrated way is a challenge. Compounding the challenge is the fact that business owners and computer technicians often struggle to communicate effectively.
TeamLogic IT was formed to overcome this barrier by communicating with business owners in a language they understand and helping them comprehend how technology can empower their businesses. TeamLogic IT was also formed to create a trusted national brand capable of delivering consistent service, handling the IT needs of businesses that operate offices in multiple cities, and pooling the knowledge of hundreds of talented technicians operating at franchises throughout the country.
TeamLogic IT becomes the premier technology services franchise
In 2006, Franchise Services Inc. (FSI) CEO Don Lowe realized there was a huge opportunity to serve business customers by creating a national IT franchise, and ever since, FSI poured resources into developing the TeamLogic IT brand, investing several million dollars to create a world-class organization capable of supporting hundreds of franchise owners nationwide.
“This is the future of business services,” Don says. “It’s something that every business needs, and as technology continues to become more ubiquitous, it will become even more important. We are establishing a reputation as the brand companies can trust.”
Don hired Chuck Lennon to turn his vision into a reality. Lennon had worked for FSI as an executive for Sir Speedy before leaving to provide leadership for the global franchise company, New Horizons Computer Learning Centers, which provides IT training and certification.
TeamLogic IT operates independently from FSI’s printing brands, but it is able to tap into the experience, infrastructure and resources of FSI. Those resources allowed TeamLogic IT to quickly develop strong marketing and operations teams that are capable of providing support generally associated with a franchisor 10 times the size of TeamLogic IT.
A bright future for a worthy brand
With more than 200 franchise locations open across the country, TeamLogic IT has become the premier technology services franchise and is well-positioned to capture a significant share of the growing managed IT services market.
The industry agrees. In fact, Entrepreneur magazine has named us to their prestigious annual “Franchise 500,” list for several consecutive years, and the accolades keep coming:
- Kaseya honored the company as the fastest-growing MSP in the industry.
- Forbes Magazine ranked the company as the 4th best franchise to buy in the low investment category in its 2019 list of Best Franchises to Buy, compiled in collaboration with FRANdata.
- Channel Futures ranked the company as one of the leading MSPs in the world in its MSP501 listing. TeamLogic IT has ranked in this prestigious list for six consecutive years.
With network-wide sales growth for TeamLogic IT franchises increasing by double-digits for several years, TeamLogic IT is ready to help entrepreneurs capitalize on the growing demand for Managed IT Services across the country.
“We’ve been in business since 2005, and we have been in the B2B space since we started,” says Chuck. “Our franchisees have not only the full support of FSI, but also the proven TeamLogic IT business model and the expertise of our executive team, which helps our franchisees run successful businesses and remains earnestly invested in continuing to add value to our franchisees in their businesses over the long term.”