Master MSP TeamLogic IT today said it saw a 40.4 percent increase in total revenue in 2013 over 2012.

According to the company (which is privately held and is not required to publish audited financial statements), this year marks the third year in a row that it has seen significant system-wide sales growth — 40 percent in 2012 and a 41 percent in 2011.

TeamLogic IT President Chuck Lennon spoke on the numbers in a prepared statement, stating that there are "opportunities in IT support for businesses of all size.

"The managed services industry as a whole experienced 9 percent growth in 2013, so our 40 percent growth is quite impressive," he said.

Businesses are investing in technology "to keep pace with trends such as cloud services, mobility, security, unified communications and business continuity," Lennon said. 

In fact, the company stated that the growth in sales can be "attributed to franchisees seeing an increase in sales of managed IT services and large-scale IT projects which entail providing clients with multiple services such as procuring, configuring, installing and maintaining company networks."

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