FORT COLLINS, Colo.--(BUSINESS WIRE)--HEIT, a leading provider of cloud-delivered managed services for community financial institutions, announced a 47 percent increase in recurring managed services revenue. HEIT provides integrated technology and business services that continuously monitor, support and secure financial institutions’ technology assets over the cloud, while ensuring compliance readiness.
To support its growth, the company continues to strengthen its management team. Key HEIT additions include Peter Matino, senior vice president of sales and marketing; Vicki Pacella, HR director; and Jaine Kim, marketing director. In addition, industry veterans Tom Shen and Paul Reymann joined the company as strategic advisors. Shen also serves on the HEIT board.
HEIT continued to build a strong portfolio of bank and credit union clients choosing to outsource critical technology and compliance functions to HEIT through its managed performance, compliance and security offering. Recent client additions include: Citywide Banks, Opus Bank, Atlantic Financial Federal Credit Union, Security Bank of California, Woodhaven Bank, CFE Federal Credit Union, 1st National Bank of Scotia, Denver Community Federal Credit Union, Kitsap Bank, El Paso Employees Federal Credit Union, Skagit State Bank, Bank of San Francisco, Credit Union 1 of Alaska, Coastal Community Bank, Red Rocks Credit Union and Americas United Bank.
HEIT has received numerous endorsements and accolades throughout 2010, including selection as an Endorsed Provider of Technology Management Services by the California, Texas and Washington Bankers Associations. During the year, the company was also recognized as one of the Top 100 Managed Services Providers (MSPs) by MSPmentor as well as two executives making the Top 250 People by MSPmentor and as one of the 40 Most Innovative MSPs by CRN.
The increase in recurring revenue represents a year over year increase of the company’s contracted services for their fiscal year ending September 30. Banks and credit unions subscribe to HEIT’s Managed Performance, Compliance and Security services on demand using flexible service levels that enable the institution to tailor services to their specific requirements.
According to Gartner’s 2009-2014 worldwide forecast of public cloud services, cloud-based systems infrastructure services are expected to grow at a 48.8 percent compound annual rate. The Gartner report also expects the financial services industry to be one of the most aggressive adopters of cloud services during this time period.
“We are seeing a significant shift in the role of IT in the community financial institution, driven by a host of factors, including increasing technology complexity, regulations and risk. More and more, CIOs are outsourcing the management of their technology infrastructure so that they can focus on more strategic issues,” said Dan Holt, CEO of HEIT. “We believe that the moves we have made in the past year have uniquely positioned us to help community banks and credit unions compete and grow in today’s complex and competitive markets.”
HEIT delivers its services through a cloud-delivered PCS-4 platform, giving institutions the ability to outsource the management of their entire datacenter infrastructure, including servers, storage, virtualization, applications, networking, communications, security and desktops. As a result of their September merger with Austin based Simpler-Webb, HEIT has expanded its portfolio of services, including cloud-based backup services, the creation of redundant HIVE operations centers, an expanded Service Desk and many additional skill sets.
The company has also successfully completed many integration tasks in its operations and client support processes. Highlights include centralized billing and support, and an integrated, single sign-on client support portal.
HEIT announced a continued focus on adding value for clients in 2011 through innovation in cloud-delivered services, including an upcoming release of a new managed compliance service available to clients in Q2 of the 2011 calendar year.
About HEIT
HEIT provides cloud-delivered technology performance, compliance and security managed services to help financial institutions improve profitability and efficiency, reduce risk, and mitigate security threats in the face of market contraction, margin compression and increasingly complex regulatory environments. The company’s PCS-4 Platform delivers flexible, affordable service levels – that means HEIT handles technology management so financial institutions can focus on core business initiatives. Learn more about HEIT at www.goheit.com.