BPM merges in Adhere
BPM LLP, a Top 100 Firm based in San Francisco, has added Adhere Inc., a security technology company in Fairfield, California, to its advisory practice, the latest in a series of mergers.
BPM, formerly Burr Pilger Mayer, is adding approximately 10 employees through the deal, with Adhere CEO Sarah Lynn joining the firm as partner. BPM has almost 600 employees, with nearly 45 partners.
Financial terms of the deal were not disclosed. BPM ranked 50th on Accounting Today’s 2019 list of the Top 100 Firms, with $97.6 million in annual revenue.
The merger will increase BPM’s IT security, compliance and operations services. Adhere, which was founded in 2002, provides services such as security risk assessments, compliance audits and disaster recovery planning. The firm provides 24/7 monitoring of IT security controls for business owners through its Security Operations Center, and consults with clients on IT compliance best practices to develop their security processes and controls.
“BPM’s Advisory practice continues to grow, and Adhere’s team of information technology professionals bring a new layer of security solutions to assist you with 24/7 monitoring of IT security controls through the Security Operations Center (SOC), as well as consult with you on IT compliance best practices to develop your security processes and controls,” wrote BPM CEO James Wallace in an email to clients Thursday.
Last month, BPM merged in CPA Consulting, a firm based in Bellevue, Washington, and in January added Croce & Company, a firm in Stockton, California. Last year, BPM expanded into Southern California by combining with Kramer & Olsen Accountancy Corporation, a firm based in Orange County. It also added Options4Growth’s HR consulting practice last year in Walnut Creek, California.
The deal with Adhere will give BPM extra capabilities in the cybersecurity area. “We understand that data security and compliance is a top priority for our clients,” said Nick Steiner, BPM’s advisory practice group leader and technology industry group leader, in a statement. “That’s why we’re particularly excited about our partnership with Adhere. With increasing sensitivities around keeping data safe and the growing demands of meeting compliance standards, businesses must remain vigilant against potential threats and the latest protocols. Our new team brings a wealth of industry knowledge and shares our dedication to tailoring security solutions for organizations everywhere.”
Adhere’s IT security and compliance services will add to BPM’s existing IT assurance and advisory practices, helping clients with FedRAMP (Federal Risk and Authorization Management Program), ISO (International Organization for Standardization) and SOC (System and Organization Controls) compliance audits.
“Adhere believes strongly in gauging clients’ needs throughout the security and compliance process and customizing solutions that make the most sense for them,” Lynn stated. “Our experts have hands-on expertise shepherding organizations in making the best possible decisions, whether they are in the preparation or the remediation stage. We are pleased to be joining with BPM, who share our passion for listening to customers and go above and beyond in helping them achieve their objectives.”