New York-based Marcum Technology, a provider of technology services and solutions under the IPA 100 firm Marcum with FY22 net revenue of $1.3 billion, has announced its acquisition of the IT enhanced managed services division of IPA 100 firm CLA (CliftonLarsonAllen LLP) with FY22 net revenue of 1.7 million. The acquisition was finalized on June 1, and the former CLA team, led by Tim McFarland, VP of managed IT services, will now be part of Marcum Technology.
Peter Scavuzzo, CEO of Marcum Technology, expressed his excitement about the acquisition, stating, “The addition of CLA’s IT enhanced managed services division to our organization is a significant moment for Marcum Technology. This strategic move not only allows us to expand into the Midwest region but also enhances our IT capabilities in the banking and health care sectors. We are looking forward to the opportunities that lie ahead as we work towards mutual success.”
With this acquisition, Marcum Technology is now positioned as a strong player in the technology services and solutions industry, as the company continues to evolve in response to changing market dynamics. This move reflects Marcum Technology’s commitment to growth and innovation in delivering top-notch services to its clients.