Ohio-based CBIZ, a financial, insurance and advisory services provider, recently purchased Philadelphia-based CompuData, a technology solutions provider for small and midsize organizations.
The deal closed on March 1.
“Our entire team is very excited to join forces with such a strong and nationally recognized partner such as CBIZ,” Angela Nadeau, CompuData president and CEO, said. “Our industry verticals, including financial services, construction, manufacturing, distribution, and technology, align extremely well. We see great opportunity and expect our partnership to be mutually beneficial to our valued employees and clients.”
“We have experienced an increasingly high demand across the country for precisely the suite of services that CompuData has built an impressive reputation providing,” Jerry Grisko, CBIZ president and CEO, said, “In the CompuData team, we have found a partner that is equally invested in and dedicated to its clients’ success by offering essential solutions that they rely on. For these reasons and more, we are thrilled to welcome CompuData to CBIZ.”
CBIZ has more than 120 offices in 33 states. Financial services include accounting, government health care consulting, risk advisory, tax, transaction advisory, and valuation services. Insurance services include employee benefits consulting, human capital consulting, payroll, property and casualty insurance, and retirement plan consulting.
CompuData has 60 employees and approximately $20 million in annual revenue. It provides accounting ERP software, cloud computing, managed IT and security.