Baker Tilly US has announced the acquisition of technology and services company AcctTwo Shared Services for an undisclosed sum.
Through the acquisition of the group, which currently serves as the AICPA’s only financial-management system, Baker Tilly will see an expansion to its development capabilities and digital practice.
Angela MacPhee, consulting managing partner at accounting and consulting firm, said: “We are investing heavily in the digital space to help our clients drive sustainable growth and stay ahead of the technology revolution.
“Together with AcctTwo, Baker Tilly’s end-to-end solutions can meet the needs of businesses in any stage of their life cycle.”
The takeover provides AcctTwo clients with further resources and capabilities both in the US and internationally across the tax, assurance, and consulting service lines.
Moreover, the Texas technology and service firm’s entire 100-person team will join Baker Tilly’s digital department following completion of the acquisition.
Marcus Wagner, founder and CEO at AcctTwo, said: “This is a powerful combination where our vision and strategy align.
“Being deep in the technology sphere, we wanted a partner with advisory CPA expertise and the same commitment to clients and future growth.”