Mequon, WI-based technology and management consulting firm Answerport has joined CLA (CliftonLarsonAllen), the top 15 accounting firm said on April 1.
Financial terms of the deal weren’t disclosed.
This is CLA’s first M&A deal in almost a year. The accounting firm acquired Dembo Jones CPAs and Advisors, an INSIDE Public Accounting top 300 firm, last May.
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CLA says Answerport, which works closely with private equity firms and the companies they invest in, further strengthens its ability to help investment firms and business leaders manage the technological challenges that often arise when companies are bought, sold, or combined.
These transactions can require major changes to systems, data, cybersecurity, and day-to-day IT operations, often on tight timelines, CLA adds.
Founded in 1999, Answerport specializes in helping companies navigate these transitions. Its team helps organizations set up technology systems after acquisition, separate systems when a company is carved out of a larger organization, integrate systems after mergers, and manage ongoing IT operations once the transition is complete.
“Major business transactions often create complex technology challenges,” James Watson, chief solutions officer for CLA, said in a statement. “By adding Answerport’s experience and capabilities, we can help our clients manage those transitions more smoothly, from the financial and operational planning all the way through the technology systems that keep their businesses running.”
Answerport has built a reputation for working with private equity firms and their portfolio companies, helping them move quickly and confidently during acquisitions and other major changes. The firm’s team provides hands-on support to make sure that technology systems are ready for a transaction and remain reliable once the deal is complete.
By bringing Answerport’s talent into CLA, clients will be able to work with one coordinated team that understands both the financial and technology aspects of business transactions, the accounting firm said.
“Technology is often one of the biggest hurdles when companies are bought, sold, or combined,” John Cordio, CEO and founder of Answerport, said in a statement. “Joining CLA allows us to work alongside a broader team of financial and business advisors so clients can move through those moments faster and with even greater confidence.”
Answerport will continue serving private equity firms and portfolio companies while working closely with CLA professionals across the firm’s national network.
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