SRM Acquires Kenneth J. Sole & Associates to Offer Enhanced Technology and Implementation Expertise to Financial Institutions
11 July 2024 - 2:00PM
Business Wire
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 trusted banking technology consulting firm specializing in
core processing platform conversion, migration support, and
outsourced leadership for community, regional, and national banks
as well as a myriad of credit unions. The company opened its doors
in 1988 and has served hundreds of financial institutions in its
35-year history
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 – a
leader in vendor contracts, strategy, payments, and technology
advisory services – expands its services to include core systems
optimization 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.
“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,” noted Ken Sole. “I look forward to
working with SRM’s executive team and turning our proven approach
into a force multiplier for the enterprise.”
In addition to its core conversion support for banks and credit
unions, Kenneth J. Sole & Associates has delivered a host of
other vital services, including project management, core
optimization, staff augmentation, data rationalization, and mergers
& acquisitions tech stack selection and support.
“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,” said Brad Downs, CEO of SRM. “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.”
Clearsight Advisors, headquartered in McLean, VA, served as the
exclusive financial advisor to SRM for this acquisition.
About SRM
SRM (Strategic Resource Management) has helped 1,000+ financial
institutions add more than $10 billion of value to their bottom
line by negotiating best-in-class terms across their card network,
payments, core technology, and operational contracts. Additionally,
SRM delivers strategy, payments consulting, and technology guidance
and implementation to the industry. For 30+ years, SRM has lowered
costs, created revenue opportunities, increased productivity, and
provided a competitive edge for clients. Visit srmcorp.com for more
information and follow us on LinkedIn and X (formerly Twitter) for
timely and relevant insights.
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Cristi Murray 650.339.2132 (m) cristi@williammills.com
Alex Arango 912.429.9942 (m) alex@williammills.com