Marcum Technology, a New York-based provider of technology services and solutions under IPA 100 firm Marcum with FY22 net revenue of $1.3 billion, has acquired the IT enhanced managed services division of IPA 100 firm CLA (CliftonLarsonAllen LLP) with FY22 net revenue of 1.7 million, effective June 1. The former CLA team, led by Tim McFarland, VP of managed IT services, will now be a part of Marcum Technology.
Peter Scavuzzo, CEO of Marcum Technology, expressed his excitement about the acquisition, stating that it marks a significant milestone for the company. The addition of CLA’s IT enhanced managed services division not only expands Marcum Technology into the Midwest region but also strengthens its IT capabilities in the banking and health care sectors. Scavuzzo sees this move as a step towards exciting opportunities and shared success.
This acquisition has positioned Marcum Technology as a formidable player in the dynamic landscape of technology services and solutions. The company is now better equipped to meet the evolving needs of its clients and to drive innovation in the industry. With CLA’s expertise in IT management and service delivery, Marcum Technology is poised to become a leader in providing end-to-end technology solutions to its clients across various industries.
Marcum Technology has always been committed to providing innovative solutions that help its clients achieve their business goals. This acquisition is an extension of that commitment and shows that the company is willing to invest in new technologies and capabilities to stay ahead in an increasingly competitive marketplace.
The former CLA team brings with it extensive experience in managing complex IT systems for financial institutions and healthcare providers. Their expertise will enable Marcum Technology to provide more comprehensive services to its existing client base while also expanding into new markets.
In summary, this acquisition is a major victory for Marcum Technology as it continues its growth trajectory in the rapidly changing technology landscape. By adding CLA’s IT enhanced managed services division, Marcum Technology is well on its way towards becoming one of the leading players in technology services and solutions globally.
