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Strategic Resource Management (SRM), a Memphis, Tenn.-based credit union and bank consulting firm specializing in vendor contracts, strategy, payments and technology advisory services, has acquired banking technology consulting firm Kenneth J. Sole & Associates, SRM announced Thursday.
Based in Holbrook, N.Y., Kenneth J. Sole & Associates assists credit unions, as well as community, regional and national banks, with their core processing platform conversion, migration support and outsourced leadership needs. As a result of the acquisition, SRM will be expanding its services to include core systems optimization and conversion support, the company said.
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According to the announcement, employees of Kenneth J. Sole & Associates will become SRM employees, and the firm's president and founder, Kenneth J. Sole, will lead SRM's implementation services business and delivery model architecture. The McLean, Va.-based Clearsight Advisors served as the exclusive financial advisor to SRM for the acquisition, SRM added.
"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," SRM CEO Brad Downs stated. "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."
Sole commented, "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."
Kenneth J. Sole & Associates has been in business since 1988 and has also provided project management, core optimization, staff augmentation, data rationalization, and mergers and acquisitions tech stack selection and support to its hundreds of clients.
In 2022, SRM acquired Sievewright & Associates, welcoming company founder Mark Sievewright, a former Fiserv executive, as SRM's chief strategist to credit unions.
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
