STP Acquires Accusource
WEST CHESTER, PA– STP Investment Services, a leading provider of middle office and investment operations outsourcing, fund services and technology solutions, today announced that it 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 digitization 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,” 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,” added 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.”
About STP Investment Services
STP Investment Services is a collaborative partner and leading provider of innovative, transparent and technology-driven middle and back office solutions to investment managers, family offices, banks, funds, RIAs, plan sponsors, and other financial institutions. An award-winning firm, STP partners with investment management firms to generate operational alpha by outsourcing some, or all, operations functions, bringing much-needed control and bottom-line growth. STP’s best-in-class, flexible technology and outsourcing model allows financial services firms to choose the capabilities that best fit their operating and revenue objectives. A global company, STP has offices in the United States and India, and has been awarded coveted “Best Place to Work” and “Top Workplace” honors for employee engagement and corporate culture. Visit STP Investment Services at: https://stpis.com/.
About Accusource
Accusource is a privately-owned firm founded in 2008 that provides back-office services to a diverse Advent Axys and APX client base. The Accusource team averages more than ten years of experience working with Advent applications and has expertise rooted in deep industry backgrounds with firms like Advent, SEI and independent advisory firms. Accusource delivers a range of services that family offices, financial advisors, and investment firms use to gain operating efficiencies. Visit Accusource at: https://www.accusourcellc.com/.
