SRM (Strategic Resource Management), an independent advisory firm serving financial institutions across North America and Europe, announced that it has acquired Kenneth J. Sole & Associates.
Kenneth J. Sole & Associates, headquartered in Holbrook, NY, is a banking technology consulting firm specialising in core processing platform conversion, migration support, and outsourced leadership for community, regional, and national banks as well as a myriad of credit unions.
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This acquisition comes on the heels of increased market demand for technology partners who can help financial institutions adopt and operate modern core banking systems. With the purchase, SRM expands its services to include core systems optimisation and conversion support.
Kenneth J. Sole, President and Founder of Kenneth J. Sole & Associates, will lead the implementation services business and delivery model architecture within SRM
Employees and the associated capabilities of Kenneth J. Sole & Associates will be fully integrated into SRM, with an emphasis on continuing the acquired company’s history of delivery excellence and regulatory compliance.
Sole said: “I’ve worked closely with the team at SRM in recent years and have seen their willingness to go the extra mile for their clients. I’m excited that the business I’ve built will now be an integral part of SRM’s solutions. I look forward to working with SRM’s executive team and turning our proven approach into a force multiplier for the enterprise.”
Brad Downs, CEO of SRM, commented: “We’ve been very intentional over the last two years about identifying ways to achieve our growth goals, and the acquisition of Kenneth J. Sole & Associates is the next logical step in our progression. Ken and his team’s expertise is second to none, and his company’s values match ours in many ways. That’s critical to our decision-making process at SRM. I look forward to working with Ken and want to welcome his team members to SRM.”
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