Headstrong , the leading global financial services consulting firm, today announced the acquisition of iX Partners (iXP), located in New York and New Hampshire.
iXP is a leading provider of middle and back-office services to the global asset management and financial services communities. iXP offers investment managers end-to-end outsourcing solutions for all investment operations functions, from trade settlement through performance measurement and client reporting. iXP is a recognized expert in the implementation of the Eagle Investment Systems suite of products with a strong record in technology and operations for both PACE and STAR platforms.
The acquisition of iXP has further strengthened Headstrong’s commitment to the financial services industry, enabling it to offer a full suite of services from consulting and implementation to complete middle and back-office investment operations outsourcing.
“We are pleased to welcome the iX Partners team who bring proven expertise in investment management to Headstrong and are excited about extending our range of offerings to better serve our clients. The current environment in the financial services industry demands a Managed Services engagement model that is transparent, cost-efficient and less risky. The Managed Services model is enabling firms to transform their fixed cost based cost structure into a variable model,” said Sandeep Sahai, President and Chief Operating Officer, Headstrong.
“Headstrong’s global reach and commitment to managed services is an excellent complement to iX Partners’ experience in providing middle and back-office solutions to asset managers. This combination will allow the Headstrong Eagle Center of Excellence to offer a comprehensive suite of managed services across the full range of investment operations functions,” said Patrick Schena, CEO of iX Partners .
About Headstrong
Headstrong is a global consulting firm focused on the financial services industry. With revenues around $200 MM, Headstrong’s model of specialization in the financial industry has yielded sustained year-on-year growth in earnings and profitability.
Headstrong has a proven track record across Business, Domain & Technology Consulting and Outsourcing to top-tier banks. It offers products and services expertise across specific areas including Listed Derivatives, Reference Data, Wealth and Asset management and Securities Financing and Prime Brokerage.
Headstrong has development centers in India and the Philippines, and is recognized as the largest financial services consulting firm in the Philippines.
About iX Partners:
iX Partners is a leading provider of middle and back-office services to global asset managers. ix Partners offers complete out-sourcing solution for all investment operations functions from trade settlement through performance measurement and full client reporting. The iXP teams of experienced investment operations professionals work with clients to achieve a seamless transition of their Operations functions to the iXP Managed Services engagement model. iX Partners is also a leading provider of technology services for portfolio accounting platforms with particular specialization in Eagle Investment Systems’ suite of platform offerings.
For more information, visit www.headstrong.com .