Sikich acquires Process Stream to expand its product suite

Sikich, which designs a range of tools for financial services, has acquired Process Stream to expand its product suite.

Process Stream offers digital transformation services for the life sciences and insurance space, with quality management, IT compliance and InsurTech systems implementations and consulting. The company implements, manages and optimises quality and claims systems.

Sikich CEO Chris Geier hopes the acquisition will provide tools that complement Sikich’s enterprise resource planning and validation capabilities.

As part of the deal, Process Stream’s team of around 60 people will join Sikich and continue to work from their New Jersey office.

Sikich CFO Ryan Spohn said, “Increased regulation, more exacting customer demands and enhanced competition will force organizations across industries to improve their quality management efforts in the coming years

“The addition of Process Stream expands our existing technology services and industry expertise and enables us to meet these evolving needs for clients across regulated industries.”

Sikich  offers an array of technology solutions for financial services, retail, automotive, government and many other industries. Its services include accounting and tax support, cybersecurity, remote working, digital transformation, cloud and more.

It also offers advisory for wealth management, insurance, investment banking, payroll and others.

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