Outsourced tech support model continues to grow

When multibillion dollar hedge fund Pequot Capital Management announced in 2009 it would close its doors at the end of that year, some senior members of the IT department were faced with decisions on the next step in their careers.

"We had time to decide our next-step career-wise, so three of us got together and announced we were going to start SoundView," says Bill McGee, managing partner at SoundView IT Solutions, an outsource IT company.

Rather than get a job with another financial firm, McGee says the trio felt outsourced IT was where the growth was. Read more.