Cherry Bekaert, an accounting agency from the Southeastern United States, is pushing additional into the IT market with the acquisition of icimo, an information analytics and companies agency from Raleigh, North Carolina.
That is M&A and funding deal Quantity 112 that ChannelE2E has coated to date in 2020. See the whole M&A deal record right here.
The acquired firm will now function as icimo analytics, by Cherry Bekaert and can add 25 expertise professionals to Cherry Bekaert’s digital options and companies apply, the client mentioned.
Icimo founders Bryce Gartner, Jennifer Gartner and Matt Illuzzi will proceed their management roles inside icimo analytics, by Cherry Bekaert, the agency introduced.
Cherry Bekaert Acquires icimo: Govt Views
Michelle L. Thompson, Cherry Bekaert’s CEO and agency managing associate, commented:
“This acquisition is a part of Cherry Bekaert’s strategic imaginative and prescient and progress plan to increase value-added companies inside digital consulting and knowledge analytics. Our shoppers require revolutionary, technology-based options to assist them develop, and the capabilities that Icimo provides to our total consumer service providing positions us to satisfy these evolving and increasing wants. We’re excited so as to add the Icimo workforce to the Cherry Bekaert household.”
Bryce Gartner, former CEO of Icimo and now Principal with icimo analytics, by Cherry Bekaert, added:
“By changing into a part of Cherry Bekaert – one of many 25 largest CPA and consulting corporations within the nation — we’re higher positioned to serve the rising enterprise wants of our shoppers and increase our service attain. This mix with Cherry Bekaert gives an ongoing catalyst for progress and a broader service platform from which to raised serve our shoppers.”
Accounting Companies and IT Companies
Headquartered in Richmond, Virginia, Cherry Bekaert additionally has places of work in Maryland, Virginia, Washington, D.C., Florida, Georgia, North Carolina, Rhode Island, Texas, Tennessee, and South Carolina. The corporate is without doubt one of the largest licensed public accounting corporations within the nation.
This deal represents the most recent in a string of strikes from Cherry Bekaert to increase into the IT companies sector. In Could 2017, Cherry launched its Expertise Options Group, and a month later it formalized its work Oracle NetSuite on cloud ERP options.
Certainly, that is indicative of an total development inside the market as accounting corporations proceed increasing past their conventional monetary companies to supply further expertise consulting, danger mitigation, cybersecurity and managed IT companies to their clientele.
See a whole record of accounting corporations buying IT companies and expertise consulting corporations right here.