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.