MEMPHIS, Tenn.--(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.
