BILLERICA, Mass., June 9, 2014 (GLOBE NEWSWIRE) -- CSP, Inc. (Nasdaq:CSPI), a provider of IT solutions, systems integration services and dense cluster computing systems, today announced that its North America subsidiary, Modcomp, has been named to the 2014 Solution Provider 500 (SP500) list by The Channel Company's CRN. The list ranks the top revenue-generating technology integrators in the U.S. and Canada, whose forward-thinking approach to the channel has helped them evolve and thrive in today's cloud and services-driven IT era.
The CRN list spans eight categories from hardware and software sales, to managed IT services. This year, Modcomp increased its annual ranking to 197 of the 500 IT solution providers. Revenue size is determined by the amount of annual products and services sold over the course of 2013.
"Modcomp is very pleased to be recognized again on the Solution Provider 500 list from The Channel Company, and we were excited to learn that we are moving up on the list. We are committed to staying on top of trends, and delivering the highest level of IT services and solutions to our customers," said Victor Dellovo, President and CEO of CSPI and Modcomp.
"The annual Solution Provider 500 represents those companies that truly understand the needs of customers today as the IT landscape evolves," said Robert Faletra, CEO, The Channel Company. "With so many options, this list has become an invaluable resource for vendors working hard to navigate the solution provider community and identify the best partner for their business. We congratulate the featured solution providers and look forward to covering their continued success."
Headquartered in Deerfield Beach, Fla, and founded in 1970, Modcomp is a wholly owned subsidiary of CSP Inc. (Nasdaq:CSPI), Globally, Modcomp is a provider of IT managed services and professional services. Modcomp partners with the world's leading IT software and infrastructure companies and provides solutions and services for complex IT environments including data center architecture, virtualization and cloud computing, unified communications, wireless network infrastructure, storage/backup and disaster recovery, data loss prevention and other areas. More information about Modcomp is available on the company's website at www.modcomp.com.
About CSP Inc.
Based in Billerica, Massachusetts and founded in 1968, CSP Inc. (Nasdaq:CSPI) and its subsidiaries develop and market IT integration solutions and high-performance computer systems to meet the diverse requirements of our industrial, commercial, and defense customers worldwide. CSP, Inc's Systems segment includes the MultiComputer Division, which designs and manufactures commercial high-performance computer signal processing systems for a variety of complex real time applications in defense and commercial markets. The company recently acquired Myricom, a pioneer in high performance computing interconnect technology. Founded in 1970, Modcomp, Inc. is part of CSPI's IT solutions segment, and has offices in North America and Europe. Modcomp provides a variety of solutions and services for complex IT environments. More information about CSP, Inc. is available at www.cspi.com. To learn more about Myricom or Modcomp, Inc., please visit www.myricom.com and www.modcomp.com.
About The Channel Company
The Channel Company is the channel community's trusted authority for growth and innovation, with established brands including CRN, XChange Events, IPED, and SharedVue. For more than three decades, we have leveraged our proven and leading-edge platforms to deliver prescriptive sales and marketing solutions for the technology channel. The Channel Company provides Communication, Recruitment, Engagement, Enablement, Demand Generation and Intelligence services to drive technology partnerships. Learn more at www.thechannelcompany.com.