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Citrin Cooperman Acquires MIBAR

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19 JAN 2024 / M&A UPDATES

Citrin Cooperman Acquires MIBAR

- MYCPE ONE Insights Team

Citrin Cooperman Acquires MIBAR
Summary
It is generated by AI

Professional services firm Citrin Cooperman has announced the acquisition of MIBAR, a business software consulting company based in New York City. This strategic move, intended to expand Citrin Cooperman's offer in digital services and strengthen its market position, will incorporate MIBAR's expertise in enterprise resource planning, customer relationship management software, business intelligence, artificial intelligence and proficiency in NetSuite and Microsoft technology solutions.

Strategic Acquisition Expands Firm's Technology Consulting Capabilities

Citrin Cooperman, a leading professional services firm, has announced the acquisition of MIBAR, a prominent business software consulting firm based in New York City. This strategic move aims to broaden Citrin Cooperman's advisory service offerings and strengthen its position in the market. MIBAR joins Citrin Cooperman with a team of 30 employees and over $12 million in revenue. 

Background and Rationale for the Acquisition 

The decision to acquire MIBAR aligns with Citrin Cooperman's strategy to expand its digital services practice. MIBAR's expertise in enterprise resource planning (ERP) and customer relationship management (CRM) software, business intelligence, artificial intelligence, and proficiency in NetSuite and Microsoft technology solutions complement Citrin Cooperman's existing strengths. This synergy allows the combined entity to offer a wider range of services and deeper industry knowledge to clients. 

Objectives Behind the Acquisition 

The primary goals of this acquisition include: 

  • Enhancing Service Development: Integrating MIBAR's technological expertise to develop innovative solutions for clients. 
  • Expanding Market Reach: Leveraging MIBAR's established client base to broaden Citrin Cooperman's market presence. 
  • Driving Innovation: Combining resources to maintain industry leadership in digital transformation services. 

Profiles of the Firms Involved 

  • Citrin Cooperman: A leading professional services firm offering a range of advisory, assurance, and tax services. The firm is recognized for its client-centric approach and innovative solutions across various industries.  
  • MIBAR: A tech-enabled consulting firm providing ERP, BI, and CRM implementation services. MIBAR is known for its expertise in business software solutions and a strong reputation in the industry. 

Anticipated Industry Impact 

This acquisition is expected to enhance Citrin Cooperman's capabilities in digital services, providing clients with comprehensive solutions in technology consulting. The combined expertise positions the firm to better address the evolving needs of businesses in the digital age. 

Key Highlights of the Announcement 

  • Citrin Cooperman has acquired MIBAR, effective January 17, 2024. 
  • The acquisition expands Citrin Cooperman's digital services practice, enhancing its technology consulting offerings. 
  • MIBAR's team of 30 professionals brings specialized expertise in ERP, CRM, business intelligence, and AI solutions. 

Looking Ahead: A Vision for the Future 

With the integration of MIBAR, Citrin Cooperman aims to continue its growth trajectory by offering enhanced digital solutions to clients. The firm is committed to leveraging this acquisition to drive innovation and provide greater value to its clients in an increasingly digital marketplace. 

For more information about Citrin Cooperman and their services, please visit the firm's official website.  

Until next time…

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