CliftonLarsonAllen (CLA), a US-based accounting and professional services firm, has expanded its technology advisory capabilities by incorporating the Answerport team. Answerport, established in 1999 and located in Milwaukee, Wisconsin, specializes in managing technology-related changes during significant business transactions.
Answerport’s primary focus involves assisting private equity firms and their portfolio companies with the technology challenges that arise from deals. This includes establishing new IT infrastructures post-acquisition, disentangling systems in carve-out scenarios, integrating platforms after mergers, and overseeing routine IT operations.
CLA’s strategic move aims to strengthen its digital solutions portfolio and broaden the scope of technology-focused services available to clients undergoing complex transactions. John Cordio, Answerport’s founder and CEO, stated that technology often presents one of the most substantial obstacles during company sales, purchases, or combinations. He added that joining CLA will enable them to offer a more comprehensive suite of financial and business advisory services, facilitating smoother transitions for clients.
Answerport will continue to serve its private equity clientele and their portfolio companies, collaborating with CLA professionals across the firm’s national network. The integration of Answerport’s technology proficiency with CLA’s existing capabilities in accounting, tax, consulting, and transaction advisory is expected to provide clients with a unified team to address both financial and IT concerns. James Watson, CLA’s chief solutions officer, highlighted that this addition will empower clients to manage intricate technology transitions more effectively.
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