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Cornerstone Advisors completes acquisition of Maple Street to expand vendor management services

Mar 05, 2024over 1 year ago

Acquiring Company

Cornerstone Advisors

Acquired Company

Maple Street

ScottsdaleLongwoodFinancial ServicesConsultingFinancial ServicesSoftware

Description

Cornerstone Advisors, a leading management and technology consultancy for banks, credit unions, and fintech firms, has completed the acquisition of Maple Street. This deal expands Cornerstone's offerings with enterprise-wide vendor management services, allowing them to further assist financial institutions in reducing vendor expenses, improving vendor performance, and managing risk.

Company Information

Company

Cornerstone Advisors

Location

Scottsdale, Arizona, United States

About

Cornerstone Advisors, a management and technology consulting firm, brings innovative insights and strategic execution to banks, credit unions and fintech companies, helping them reach the next level of performance. For more information, visit https://www.crnrstone.com or find us on LinkedIn.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed