The acquisition adds depth, expertise, and new services, particularly in Eagle and Summit software solutions, to Headstrong, while building upon the companyâs capability in providing end-to-end solutions to financial services clients. In particular, it reinforces the companyâs talent pool by adding more than 40 differentiated experts in investment accounting portfolio and debt & derivatives portfolio systems implementations.
âNoreen and her team are a great fit with Headstrongâs focus on financial services and Platform Centers of Excellence. They will strengthen the current P-CoE to cater to all front, middle and back office applications,â said Arjun Malhotra, Chairman and CEO of Headstrong. âHeadstrongâs focus has been on providing domain-led IT services to Capital Markets and today we are recognized as one of the key players in this area.â
âOur growth related investments will continue to focus on building our expertise and domain differentiators,â Malhotra added.
The TSUâs proven expertise in the Eagle investment system, the Summit debt & derivative system, Pega Systems and automated underwriting capabilities for mortgage processes, combined with Headstrongâs solid financial services consulting practice, will provide customers with the leading technology and services available in the market today. The team, led by Noreen Iles, maintains a 10-year plus working relationship, with extensive experience in providing IT solutions to the financial services, e-commerce, and retail industries. Iles, who has led successful completion of large, multi-year projects at Freddie Mac, will continue to manage the Chicago-based near-shore center for Headstrong. She is a recognized technical expert and corporate leader, and is a âWomen in Technology International Leadership in ITâ award recipient.
âWe are excited to be part of Headstrong,â Iles stated. âOur key strengths and capabilities and commitment to client service complement each other and now we have a more complete value proposition.â
âBy combining our vast experience in portfolio accounting systems in software implementation projects with Headstrongâs domain-led distributed delivery model, we should have a strong offering to serve our clients and grow the business,â she explained.