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Local Tech Wire

RALEIGH, N.C. – has signed on with for a variety of hosted information technology services.

Financial terms were not disclosed.

Risk Management Group (RMG) is located in New York.

Hosted Solutions operates data centers in Raleigh, Cary, Charlotte and suburban Boston. The company also provided consulting services to RMG in designing the package of services RMG will receive,

RMG focuses on residential mortgage-backed securities.

"We needed to spend our time focusing on how to meet the growth in demand for our services," said Charlie Cacici, an RMG managing member, "and less time on how our network would meet that demand as well as grow with us."