In a recent article published by Bloomberg, John Yeager, Director of Business Transformation Services at Bennett Thrasher, discusses several factors behind the recent trend of accounting firms acquiring technology companies. In an effort to expand advisory services and meet client demand, mid-sized accounting firms are purchasing technology companies and expanding service offerings to include data analytics, business management, cloud computing and other advanced technology solutions.
“Clients are dealing with technology issues, and CPAs have always been in that trusted advisory space, so to a certain extent it’s a natural growth opportunity to some of them,” said Yeager. Yeager leads Bennett Thrasher’s recently formed Business Transformation Services Group. The group leverages data, technology and analytics to provide real-time financial insight and drive client profitability, efficiency and growth. Visit Bloomberg Tax’s website to read the full article.