STP Investment Services acquires Accusource
STP Investment Services, a provider of middle office and investment operations outsourcing, fund services and technology solutions, has expanded the breadth of its existing services with the acquisition of Accusource, an investment operations firm serving the investment management industry.
The acquisition reinforces STP’s remarkable growth story, best-in-class operations, technology solutions, dashboards and reporting portals, and broadens STP’s service footprint by enhancing its Business Process Outsourcing capabilities.
Accusource partners with investment management firms like RIAs, hedge funds, family offices and asset managers to deliver reconciliation, General Ledger integration, performance measurement validation, and statement digitisation services. The firm also provides data migration and staff augmentation to guide investment firms through periods of transition or disruption.
“We’re thrilled to expand upon our portfolio of services by adding a leading firm like Accusource. This acquisition will further strengthen STP’s position across the investment industry and enhance the services we provide by giving investment firms looking to stay competitive the ability to outsource some, or all, middle and back office tasks. It further enhances our ability to offer people, platform, or people/platform-driven solutions,” says Patrick Murray, President & CEO of STP Investment Services.
“Accusource is excited to become part of STP Investment Services, as the combined service profile will offer tremendous expertise and value,” adds Ryan Kerry, Founder & CEO of Accusource. “STP has an impressive array of proven, world-class technology and top-notch middle and back office solutions that present a strong, compelling value proposition for investment firms across various industry platforms or on STP’s platform.”