HEIT Expecting Record Q4, Fueled By Managed Services
For many companies, focusing on the financial services industry during the recession was a recipe for disaster. But if you take a closer look you can find managed service providers like HEIT — an MSPmentor 100 company — continuing to succeed where others have failed. Here’s the update.
First a quick note: This article is part of a continuing series looking at our 2008-2009 MSPmentor 100 members. We’re kicking off the next MSPmentor 100 survey (2009-2010) this week.
Now, our look at HEIT. Dan Holt, CEO of HEIT, rode a rough patch from February 2009 to June 2009, but his managed services have still grown 56% in the past few months.
Ever optimistic, Holt says 4Q is looking to be a record quarter since people are recognizing that it’s a lot more cost effective to outsource IT to companies like his own. Holt estimates it’s anywhere between 30% to 50% more effective for regional financial services firms to outsource portions of IT when you consider all the skill-sets needed to run a bank or credit union.
At the same time, Holt has been reinvesting in HEIT, positioning the company to earn accreditations such as SAS 70 Type II.
Where is HEIT heading next? Holt is a bit coy but focused on key terms like innovations and maintaining outstanding service.
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Thank you Dave. We have actually had our SAS-70 Type II for several years. Our investments are focused on the channel by demand from VARs and more holistic outsourcing strategies that have been in demand by our clients.
Hey Dan: I was the “editor” who added the SAS 70 Type II mention to Dave’s blog entry. Sorry I wasn’t clearer in terms of pointing out you’ve had it for quite some time. Best wishes for Q4. Please keep us posted as you march forward.
-jp
Congratulations on your growth Dan. As a three year client, I can attest to the excellent service provided by your engineers and staff. If not for your service, I would have to hire 2-3 engineers and hope to cover all the expertise you provide.
-jc