StoneCastle, an insured deposit technology provider, has recently announced that they acquired Intermedium Financial, a company that previously dealt in insured deposits as well. The move shouldn’t come as a surprise to many, as one of Stephen Rotella’s goals for the company was to expand its reach beyond its current markets. As of the beginning of 2017 so far, it looks as though Rotella is on track to achieve his company’s targets.
As the CEO of StoneCastle, Stephen Rotella has made quite the name for himself over the past several years. Since its inception, StoneCastle has evolved to become one of the leaders in its market, and its expansionary efforts seem to only serve to cement this position even further. Although it’s unclear what StoneCastle’s next plans are for further expansion, what is known is that StoneCastle is in an excellent position to pursue any strategy they wish.
From Stephen Rotella’s point of view, much of StoneCastle’s strength stems from their willingness to think outside of the box and act as a “disruptive force” in the industry. While other insured deposit technology providers are content to let the business essentially run itself, StoneCastle’s leadership is eager to look for new ways to expand their impact on the market.
As a part of the purchase of Intermedium Financial and its associated assets, StoneCastle is now in control of the InterLINK platform. This means that StoneCastle is now in an even better position to provide its famed services to consumers, including financial intermediaries and other clients who are in need of secure deposit technologies.
In fact, as of this writing, StoneCastle currently has one of the largest networks of banking platforms in the country. There is no doubt that a large part of the company’s success is likely due to the efforts of Stephen Rotella, who has been at the helm of the company since 2011 as both its president and CEO. For their part, Intermedium Financial is excited at the prospect of working with both StoneCastle and its leadership, including Stephen Rostella. Although the future can never be fully predicted, StoneCastle’s excellent track record seems to indicate that 2017 will be yet another strong year for the company, especially after the acquisition of several highly sought after technologies. As long as they continue to build on their positive reputation, it is not unreasonable to assume that they will continue to expand their lead in the market and maintain their position at the forefront of the industry.