Peoria, Ill. (March 18, 2004) -- Matthew Camden, who has headed Clifton Gunderson’s technology operations for the past eight years, has resigned his position as chief technology officer to explore other business interests.


Despite Camden’s decision, the firm remains committed to technology, says Carl George, Clifton Gunderson’s chief executive. “Our technology practice is still very valuable. We continue to look at opportunities and mergers,” George told WebCPA.


Camden, who joined the firm in 1996, previously announced his resignation in the fall of 2000. At the time, he was director of technology, but stayed with the firm when he was made chief technology officer.


Last year, the firm placed its consulting and reselling operations under Camden in the newly created Clifton Gunderson Technology Solutions, which had $12 million in revenue for calendar 2003 and employed 125 at the time. Early this year, there were some layoffs in the practice, including the Baltimore office. “We’re down a few people,” notes George. CG ranked as No. 17 among Accounting Today’s Top 100 firms, employing 1,365 and reporting $145.1 million for the year ended May 2003.


The firm is meeting this week to discuss how the vacancy will be filled and whether it needs to have a CTO. “We know we need to insert some leadership,” George says.


“This is nothing more than after eight years trying to go out on top,” says Camden, who leads both internal technology and technology consulting. “It’s tough to have one person primarily responsible for both." Camden says the technology practice will end its fiscal year on May 31 with more than $13 million in revenue, more than $1 million above plan. The firm was national partner of the year for Best Software for 2003. It sells Best’s MAS 90, 200, 500, MIP, and Platinum for Windows products. It also sells the Microsoft Great Plains and Navision lines, along with handling a variety of applications and systems software.


-- Bob Scott

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