Mergers and Acquisitions
Intuit Acquires Online Accounts Payable System Invitbox
Intuit announced late Wednesday that it has acquired Invitco. The Australia-based company is the developer of Invitbox, an online system for managing accounts payable. Intuit is the company behind QuickBooks, TurboTax, Quicken, Mint and many other small business and financial management systems.
BDO Acquires Fort Worth Accounting Firm
The national accounting and business services firm BDO USA is acquiring the Fort Worth, Texas-based firm of Hartman Leito & Bolt, the firms announced on Wednesday.
Intuit Acquires Lettuce App
Intuit has entered into an agreement to acquire Lettuce, a start-up focused on helping product-based small businesses succeed by providing easy to use cloud-based solutions, including a robust inventory and order management system.
Firm Strengthens Services with Acquisition of SOC Audit Practice
The Florida-based, regional accounting firm Carr, Riggs and Ingram LLC (CRI) has acquired Tampa-based Auditwerx, a CPA firm specializing in performing auditor assurance engagements to meet regulatory or customer compliance needs for service companies. The branch will remain in Tampa.
What Facebook’s Acquisition of WhatsApp Means for Firms
Every product line (or service, or industry) begins at introduction, when a handful of early adopters begin to use it. This stage requires a lot of investment with little profitability. If the product survives this stage – and most do not – sales and profits begin to pick up as the product grows in popularity and use. The product becomes self-sustaining as it enters maturity.
CBIZ Acquires Non-Attest Business of Tampa Accounting Firm
Accounting and business process outsourcing firm CBIZ has announced that it acquired the non-attest business of Tampa, Florida-based Lewis, Birch & Ricardo, L.L.C., effective February 1, 2014. The firm's attest business is being acquired by Mayer Hoffman McCann P.C. CBIZ Inc. and Mayer Hoffman McCann P.C. said they will operate using an alternative practice structure.
Porte Brown Accounting and Consulting Acquires Chicago Firm
Porte Brown LLC, www.PorteBrown.com, a Chicagoland accounting firm, is pleased to announce the acquisition of LHW & Associates based in Crystal Lake, Illinois. LHW offers specialized services for clients in industries such as mortgage banking, construction, manufacturing, real estate, medical, professional services and various consumer markets.
Los Angeles Accounting & Business Management Firms Merge
Business management firm Kaufman + Bernstein, Inc. has merged with RBZ, LLP, one of the largest Los Angeles-based accounting and business management firms, adding 19 new members to RBZ’s business management practice.