Accounting and advisory firm Richey May has acquired two IT consulting firms with the goal of offering a greater range of IT consulting services to its clients. The companies are Arrow Partnership and Corporate Blue, based in Denver and Los Angeles respectively. Richey May is based in Englewood, Colorado.
Terms of the deals were not disclosed.
Arrow Partnership provides management and IT consulting services, while Corporate Blue positions itself as a cybersecurity and managed IT services firm. Both companies will join the recently launched Richey May Technology Solutions division. According to the firm, both acquisitions will enable Richey May to address the growing IT demands of its national client base, including cloud-based managed services, strategic technology management consulting and cybersecurity risk assessments.
Founded in 2003, Arrow Partnership specializes in technology management, governance, risk, compliance and security consulting services, and digital marketing. Arrow Partnership’s managing partner and co-founder Chan Pollock will join Richey May as executive director of the firm’s technology consulting practice, while senior practice leader Garry Woods will head the company’s governance, risk and controls practice.
Corporate Blue provides IT security, virtual chief information security officer services, cloud security and managed IT services. Co-founder and CEO Mike Wylie will join Richey May as a director in the firm’s cybersecurity practice.
“Arrow Partnership and Corporate Blue have excellent reputations for providing a wide range of IT consulting services that span multiple industries,” said Jason Yetter, managing partner of Richey May, in a statement. “As the demand for strategic IT planning and compliance intensifies, these acquisitions will ensure we are able to meet the needs of our clients for years to come.”
Richey May is positioning its new Technology Solutions division as “a results-driven division of Richey May offering the full spectrum of technology solutions, including cloud services, cyber security, marketing technology, governance, risk, controls, privacy and technology management consulting.” Additionally, the tech experts leading the division are “focused on providing pragmatic, real-world solutions that deliver value to their clients’ business.”
Sourced from Accounting Today - written by Ranica Arrowsmith