Net3 IT Ownership Expands
Net3 IT Celebrates a Decade of Excellence and Anticipates Continued Growth in 2023.
Knoxville, TN, December 19, 2023 – Net3 IT, a leading provider of Chief Information Officer (CIO) and IT services, commemorates its founding in April 2012 by Jeff and Suzanne Scott. Originally established with a vision to provide expert IT solutions and a commitment to assisting others, the company has undergone a transformative journey over the past decade.
In 2014, the company welcomed Neal Arwood to its leadership team, marking a pivotal moment in Net3 IT’s evolution. Arwood swiftly earned an ownership stake and spearheaded a strategic shift, propelling the company towards becoming a renowned Managed Service Provider (MSP).
Net3 IT reached a significant milestone in 2019 by surpassing $1 million in gross revenue, a testament to its unwavering commitment to excellence. Subsequently, the company achieved remarkable year-over-year growth rates of 65%, 56%, and 32%. Looking ahead to 2023, Net3 IT anticipates another year of substantial growth, with projections nearing $4.6 million in gross revenues, demonstrating its continued success in the competitive IT services landscape.
Recognized as a Best in Class MSP by industry peers, Net3 IT stands out for its exceptional service levels, diverse offerings, and operational efficiencies. Notably, the company has maintained financial stability throughout its history, never incurring debt, and consistently delivering outstanding value to its clients.
In 2022, Patrick Hobbs joined Net3 IT as the Manager of Operations, contributing significantly to the company’s operational excellence. In September 2023, Hobbs became an owner, further strengthening the executive leadership team and positioning Net3 IT for continued success in its next phase of growth. Patrick now leads the sales organization as the Chief Revenue Officer.
From its humble beginnings as a husband-and-wife team, Net3 IT has flourished into a dynamic company comprising 17 dedicated teammates. This substantial growth, combined with the company’s unique financial position, underscores Net3 IT’s ability to provide unparalleled support to its clients.
As Net3 IT celebrates its tenth anniversary, the company expresses gratitude to its founders, team members, and clients for their continued support. With a legacy of excellence and a vision for the future, Net3 IT looks forward to a decade ahead filled with innovation, collaboration, and sustained success in delivering cutting-edge IT solutions.
About Net3 IT
Founded in 2012, Net3 IT is a leading provider of Chief Information Officer (CIO) and IT services, dedicated to delivering expert solutions and unparalleled support to its clients. Recognized as a Best in Class Managed Service Provider (MSP), Net3 IT has achieved significant milestones and sustained impressive growth rates over the past decade. With a commitment to excellence, financial stability, and a robust leadership team, Net3 IT is poised for continued success in the ever-evolving IT services landscape.
Partner with the leading MSP in Knoxville, Tennessee. Contact Net3 IT today.