CLEVELAND, March 6,
2024 /PRNewswire/ -- CBIZ, Inc. (NYSE: CBZ) ("the
Company"), a leading provider of financial, insurance and advisory
services, announced today it has acquired technology solutions
provider, CompuData, Inc. (CompuData), of Philadelphia, PA, effective March 1, 2024.
Founded in 1971, CompuData is a premier technology solutions
provider for small and midsize organizations. They provide cloud
computing, accounting ERP software, managed IT and security to
clients with the tools to scale, protect, and streamline their
organizations. CompuData is a Sage Diamond
Partner and has Microsoft Partner designation in both Azure
Cloud and Modern Work. The firm has 60 employees and approximately
$20 million in annual revenue.
Jerry Grisko, President and CEO
of CBIZ, said, "We have experienced an increasingly high demand
across the country for precisely the suite of services that
CompuData has built an impressive reputation providing. In the
CompuData team, we have found a partner that is equally invested in
and dedicated to its clients' success by offering essential
solutions that they rely on. For these reasons and more, we are
thrilled to welcome CompuData to CBIZ."
Angela Nadeau, President and CEO
of CompuData, stated, "Our entire team is very excited to join
forces with such a strong and nationally recognized partner such as
CBIZ. Our industry verticals, including financial services,
construction, manufacturing, distribution, and technology, align
extremely well. We see great opportunity and expect our partnership
to be mutually beneficial to our valued employees and clients."
About CBIZ
CBIZ, Inc. is a leading provider of
financial, insurance, and advisory services to businesses
throughout the United States.
Financial services include accounting, tax, government health care
consulting, transaction advisory, risk advisory, and valuation
services. Insurance services include employee benefits consulting,
retirement plan consulting, property and casualty insurance,
payroll, and human capital consulting. With more than 120 Company
offices in 33 states, CBIZ is one of the largest accounting and
insurance brokerage providers in the U.S. For more information,
visit www.cbiz.com.
Forward-Looking Statements
Forward-looking statements
in this release are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those projected. Such risks and uncertainties include, but are
not limited to, the risk that the anticipated benefits and
perceived advantages of the acquisition may not be achieved; the
risk that the transaction will disrupt the Company's current plans
and operations or CompuData's current plans and operations as a
result of the consummation of the transaction; the inability to
successfully integrate the operations and employees of ComputData
into the Company; unanticipated costs related to the transaction;
and other risks and uncertainties found in the Company's filings
with the Securities and Exchange Commission. Detailed descriptions
of such risks and uncertainties may be found in the Company's
filings with the Securities and Exchange Commission at
www.sec.gov.
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SOURCE CBIZ, Inc.