TeamLogic IT Network Grows By 20+ Locations Despite Pandemic Challenges
The value of this cybersecurity and technology franchise was front and center as entrepreneurs got on board in the face of serious headwinds
When entrepreneurs evaluate franchise options, they look at growth. They want to know how rapidly a brand is expanding, as well as how profitable the locations are. That’s especially true in the crowded and competitive managed services provider (MSP) sector, where TeamLogic IT has an amazing story to tell.
From 2017 to 2020, the TeamLogic IT technology franchise network has grown by 65%. At the same time, network revenue increased by 101%. And in 2020 alone, despite all the challenges, TeamLogic IT brought on 28 new franchise owners and locations.
Growth comes in all parts of the country
“We started 2021 with a sizable backlog of new offices to open, demonstrating strong demand for our brand,” said Dan Shapero, President and COO. “Our continued growth during the COVID-19 pandemic is a testament to the will and determination of our entrepreneurial franchisees.”
In the last 12 to 21 months, TeamLogic IT franchises have been purchased in:
- Nashville, TN
- Salt Lake City, UT
- Jacksonville, FL
- Kent and SeaTac, WA
- Summerlin, NV
- Mamaroneck, NY
- Spokane, WA
- Brownsville, TX
- Pleasant Grove, UT
- Centennial, CO
- Clayton, MO
- Clearwater, FL
MSP market poised for explosive growth
And look for TeamLogic IT to expand even more. According to William Blair’s MSP Market: Entering the Golden Age, it is believed that “the confluence of customer demand for MSP services and substantial capital being brought to bear in the space will result in a golden age for the MSP market in the next decade.”
“TeamLogic IT pioneered the managed IT services concept that has led to what is known as MSP today,” said Chuck Lennon, Executive Vice President. “We began with a simple idea: Be a collaborative partner to businesses: don’t just fix broken equipment, be proactive and suggest the framework they’ll need to grow. That has led to our becoming a trusted partner rather than just another vendor, and it’s why our franchise network, and our franchise owners’ revenue, continues to grow so rapidly.”
TeamLogic IT is the technology franchise small and medium-sized businesses increasingly rely on for turnkey support. TeamLogic IT’s managed IT services contracts give clients peace of mind around their technology needs, and provide franchise owners with a steady, predictable revenue stream. The company now serves a wide and growing variety of clients in every business sector, from tourism and hospitality to healthcare, legal and accounting. Along the way, TeamLogic IT has grown to more than 200 locations around North America and continues to expand in both new and existing markets.