SAN RAMON, Calif. and NAPERVILLE, Ill., Aug. 27, 2012 (GLOBE NEWSWIRE)
-- Armanino McKennaLLP (www.amllp.com), the largest California-based
accounting and business consulting firm, announced it has acquired
AccessTek, a Midwest firm specializing in cloud financial management
solutions and a major value added reseller (VAR) of Intacct enterprise
resource planning (ERP) software. The acquisition, effective September
1, will create one of the largest Intacct partnerships in the nation.
AccessTek Founder and Chief Executive Officer Lindy Antonelli will join
Armanino McKenna as a partner on September 1. The entire AccessTek team
of six employees will also join Armanino McKenna. The move establishes
a Midwest consulting footprint for Armanino McKenna, which will operate
from AccessTek's offices near Chicago.
The AccessTek acquisition is part of a larger Armanino McKenna strategy
to identify best-in-class software partners that are aligned with the
firm's strategic practice areas and merge them into the firm's
consulting practice, says Matt Armanino, chief operating officer and a
senior consulting partner of Armanino McKenna.
"We're thrilled to add AccessTek to our consulting team to support our
mission to bring comprehensive, world-class software solutions to
clients across the country," Armanino says. "Our strategy has allowed
us to grow in targeted areas of practice with superb economic results."
Armanino McKenna's business and IT consulting practice -- Armanino
Consulting -- is one of the fastest growing in the U.S. In 2011,
Armanino Consulting grew 62-percent from the previous year and was
recently named by Accounting Today magazine as the eighth largest VAR
in the nation. Armanino points out that in the past two years, the firm
has acquired or merged in OneSource, Factory IMS, Gateway Solutions and
Antonelli says clients large and small will benefit significantly from
the expertise of the combined firm and from cloud-based software.
"Smaller companies currently using QuickBooks will want to implement
cloud products to facilitate growth as they scale," Antonelli says.
"Larger companies with legacy systems will be able to significantly
improve their efficiency with cloud software. These products remove
much of the risk inherent with large IT projects and because they are
mostly subscription based, there is also very low total cost of
In addition to AccessTek, Antonelli also founded the Cloud Accounting
Institute (CAI), an educational clearinghouse for cloud finance
technology. Antonelli is a recognized expert on cloud financial, ERP
and Customer Relationship Management solutions. She is a sought after
speaker at conventions, meetings and other platforms throughout the
United States as well as an author of numerous articles on these
AccessTek was named to both the 2011 and 2012 Intacct President's Club.
In 2011 AccessTek was recognized as Intacct Partner of the Year, and in
2012 received the Intacct Sales Award.
"This deal blends two consulting teams that are quickly gaining a
reputation for innovation in helping businesses improve their
competitive positions through the deep understanding of business
processes," says Intacct CEO, Robert Reid. "The strategic application
of a new generation of cloud Financial Management software that is
flexible, customizable and cost-effective provides the solution that
enables companies to grow faster. We are very excited about the
expanded partnership with Armanino Consulting to help our mutual
customers achieve success."
Armanino adds that the combined firm is committed to technical
education around business processes and the new generation of fast ROI
About Armanino McKenna and Armanino Consulting
Headquartered in San Ramon, California, Armanino McKennaLLP
(www.amllp.com) is the 35th largest accounting and business consulting
firm in the nation by revenue with more than 370 employees at offices
in San Francisco and San Jose, California; Naperville, Illinois;
Portland, Oregon and Seattle, Washington. It provides a full suite of
professional financial and accounting services in attest, tax and
auditing. Armanino Consulting, a practice area of Armanino McKenna,
provides comprehensive services to the CFO organizations of
fast-growing companies, including Microsoft Dynamics Implementation
services, CFO Advisory and Outsourcing services.
Intacct is the cloud financial management company. Bringing cloud
computing to finance and accounting, Intacct's award-winning
applications are the preferred financial applications for AICPA
business solutions. Intacct applications, in use by more than 5,000
organizations from startups to public companies, are designed to
improve company performance and make finance more productive. Hundreds
of leading CPA firms and Value Added Resellers offer Intacct to their
clients. The Intacct system includes accounting, contract management,
revenue management, project and fund accounting, inventory management,
purchasing, vendor management, financial consolidation and financial
reporting applications, all delivered over the Internet via cloud
computing. Intacct is headquartered in San Jose, California. For more
information, please visit www.intacct.com or call 877-437-7765.
CONTACT: Lori Colvin
AMF Media Group