SOLUTION PROVIDER 500
The Transformation Touch Solution providers have the specialized services and expertise to take on today’s complex IT challenges and are reaping the rewards. Our annual list highlights the largest solution providers in North America. By Rick Whiting
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ybrid cloud and multi-cloud, business transformation and digital transformation, hybrid work environments—the complexity of IT hasn’t just increased in recent years, it has increased exponentially. Throw in the surge of cybersecurity threats and economywide issues like supply chain disruptions and calls for sustainability, and it’s a lot for today’s businesses to handle. Not surprisingly, businesses across the industry are relying more and more on solution providers for not just the IT, but for the services and expertise needed to handle these challenges. On the following page we provide the top companies on the 2022 edition of the CRN Solution Provider 500, the annual ranking of the largest solution providers by revenue with operations in North America. For the second year in a row Accenture is No. 1 on the Solution Provider 500 list. The IT systems integration and consulting services giant reported $50.5 billion in revenue in 2021, up 14 percent from $44.3 billion one year earlier. While some of that increase is due to organic growth, a significant factor in Accenture’s growth has been its aggressive acquisition strategy. In 2021 Accenture bought more than 50 companies (up from 30 acquisitions in 2020) as the company sought to expand its expertise, its service offerings and its geographical reach. And the acquisition spree has continued into 2022: Just between March 24 and April 22, Accenture bought six companies. The biggest change in this year’s Solution Provider 500 was spurred by IBM’s move last year to split IBM Global Services in two: IBM Consulting, including the company’s professional and consulting services, and infrastructure managed services company Kyndryl, now an independent company. IBM Global Services had topped the Solution Provider 500 list for many years before dropping to No. 2 behind Accenture in 2021. This year Kyndryl debuts on the Solution Provider 500 at No. 6 (with 2021 revenue of $18.7 billion) while IBM Consulting is at No. 8 (with 2021 revenue of $17.8 billion).
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During Kyndryl’s recent earnings call, CEO Martin Schroeter described the company as expert at “designing, managing and modernizing complex, mission-critical systems at scale for large organizations.” “We have the capabilities to gain share in this growing market with six global practice areas that give us an end-to-end perspective with world-class intellectual property, data and know-how with extensive alliances with other technology leaders, with an optimized delivery model, with an incredibly skilled global team of nearly 90,000 with in-depth knowledge of our customers’ industries, and with an evolving culture that is restless, empathetic and devoted to customers,” Schroeter said. The IBM-Kyndryl changes have made room near the top of this year’s list with Tata Consultancy Services moving up from No. 3 last year to No. 2 and NTT Data Services moving up an impressive five spots to No. 3. CDW, which acquired Sirius Computer Solutions in December for $2.5 billion in one of the biggest channel deals in history, moved up to No. 4. Capgemini, No. 7 on the list in 2021, moved up two spots to round out the top five. The addition of Kyndryl moved many companies down one spot this year including Cognizant (No. 7),World Wide Technology (No. 10) and Leidos (No. 11). DXC Technology, which has sold off noncore businesses and recorded a 9 percent revenue decline in fiscal 2021, dropped from No. 4 to No. 9. In total, this year’s Solution Provider 500 has 41 companies new to the list including DoiT International (No. 54), The Judge Group (No. 64), Peak Technologies (No. 70) and Wachter (No. 84). The Solution Provider 500 collectively generated $436.4 billion billion in revenue in 2021, up 8.3 percent from the $403 billion generated by last year’s Solution Provider 500. Scan here to see the full report. To purchase the list with all collected firmographic data, contact sales@thechannelcompany.com or call 508-416-1175.
