A managed IT services provider supplies businesses with information technology solutions in line with their budgetary requirements. IT services provided include: remote IT management and monitoring, data management, IT security, provision of IT resources and IT support services.

Typically, a business will enter into a contract with a managed IT service provider to fill certain needs that are met more cost-effectively by outsourcing than by purchasing and supporting via in-house resources.

This sort of arrangement makes good economic sense for both small and large companies, especially since managed services providers specialise in technologies that not all businesses have the resources to support.