Cherry Bekaert, a Top 100 Firm based in Richmond, Virginia, has acquired Icimo LLC, a data analytics and services firm in the Raleigh, North Carolina area.
Icimo will now operate as “icimo analytics, by Cherry Bekaert,” and will bring one principal (Icino CEO Bryce Gartner) and 25 technology professionals to Cherry Bekaert’s digital solutions and services practice. Cherry Bekaert has 145 partners and principals and more than 1,250 associates. Icimo will continue to operate out of its current location in Cary, North Carolina.
Financial terms of the deal were not disclosed. Cherry Bekaert ranked 26th on Accounting Today
’s 2019 list of the Top 100 Firms. Its annual revenue is now in the $250 million range.
The technology consultants and data analysts at icimo analytics specialize in designing, implementing and integrating data analysis, visualization and strategy systems for clients. Along with Gartner, co-founders Jennifer Gartner and Matt Illuzzi will continue as leaders within icimo analytics, by Cherry Bekaert.
“This acquisition is part of Cherry Bekaert’s strategic vision and growth plan to expand value-added services within digital consulting and data analytics,” said Cherry Bekaert CEO and managing partner Michelle L. Thompson in a statement Tuesday. “Our clients require innovative, technology-based solutions to help them grow, and the capabilities that Icimo adds to our overall client service offering positions us to meet these evolving and expanding needs.”
Icimo has offered software and technology to its clients since 2010. “By becoming part of Cherry Bekaert — one of the 25 largest CPA and consulting firms in the country — we are better positioned to serve the growing business needs of our clients and expand our service reach,” said Gartner in a statement. “This combination with Cherry Bekaert provides an ongoing catalyst for growth and a broader service platform from which to better serve our clients.”
Last January, Cherry Bekaert expanded in Austin, Texas, by acquiring Flieller, Kruger & Skelton
. In 2018, it acquired Powell, Ebert & Smolik
in Austin, CTS Capitol Advisors
in Bethesda, Maryland, and Windward Tax
in Alpharetta, Georgia.