CLEVELAND - CBIZ, Inc. (NYSE: NYSE:CBZ), a prominent provider of financial, insurance, and advisory services, has announced the acquisition of CompuData, Inc., a technology solutions firm based in Philadelphia, PA, effective as of Monday last week.
CompuData, established in 1971, specializes in providing cloud computing, accounting ERP software, managed IT, and security services, primarily to small and midsize organizations. The company is recognized as a Sage Diamond Partner and holds Microsoft (NASDAQ:MSFT) Partner designations in Azure Cloud and Modern Work. With a workforce of 60 employees, CompuData generates around $20 million in annual revenue.
Jerry Grisko, President and CEO of CBIZ, remarked on the acquisition, stating that the demand for the suite of services offered by CompuData has been growing nationwide. He praised CompuData for its reputation in providing essential solutions and expressed enthusiasm for the newly formed partnership.
Angela Nadeau, President and CEO of CompuData, echoed Grisko's sentiments, highlighting the alignment of industry verticals between the two companies and anticipating mutual benefits for both employees and clients.
CBIZ, with more than 120 offices across 33 states, is one of the largest accounting and insurance brokerage providers in the United States. The company offers a wide range of financial services, including accounting, tax, government healthcare consulting, transaction advisory, risk advisory, and valuation services.
Additionally, CBIZ provides insurance services such as employee benefits consulting, retirement plan consulting, property and casualty insurance, payroll, and human capital consulting.
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