Announcements | 02.01.2024

Boston Business Journal Unveils 2024 Middle Market Leaders


The 2024 Middle Market Leaders, highlighted by the Boston Business Journal, are set to be honored at an evening event on March 20. Among the honorees is NWN Carousel, recognized as a leading revenue generator for IT services in Massachusetts. Our company’s outstanding revenue performance has earned us a coveted position on this list, with rankings set to be unveiled at the celebratory event. This recognition is a true testament to the hard work and dedication of our team, and we are proud to achieve such a remarkable milestone.

The ranking is based on Business Journal research and includes private and public companies across multiple industries that had annual revenue between $25 million and $1 billion for 2021, 2022 and 2023. NWN Carousel, the leading Cloud Communications Service Provider (CCSP) delivering integrated solutions for today’s Hybrid Work environments, was previously named #7 on Boston Business Journal’s 2023  Middle Market Leaders – a ranking of the top 50 highest growth companies in Massachusetts.  In 2022, were earned the 25th Largest Private Company, and 40th Fastest Growing Organization by the Boston Business Journal.

Firms are ranked by a weighted score that takes into account the percent change in revenue between 2021 and 2023 and the actual value difference in revenue during the same time period. The score is meant to mitigate the difference between revenue growth at smaller companies versus larger companies within the middle market. Companies that did not record revenue growth from 2022 to 2023 were disqualified.

The raking event has traditionally been held as a luncheon, but this year’s special event will take place at the Boston Chops steakhouse at 52 Temple Place in Downtown Crossing.

Special-category honorees for the Middle Market Leaders program — including dealmaker, executive and innovator of the year — will be announced next week. A guide to the Boston Business Journal’s events can be found here.

You can view past Middle Market Leaders here: