CLA (CliftonLarsonAllen), one of the largest accounting firms in the US, has acquired Engine B in the UK to advance its AI-driven accountancy professional services.
Engine B delivers generative AI solutions for the professional services industry, providing deeper insights and opportunities for their clients.
This is CLA's first global acquisition, and it says it underscores its commitment to enhance client services and enable CLA professionals to focus more on client engagement, pursue new business opportunities, and deliver value-added services.
Jen Leary, CEO of CLA, said: "With the addition of Engine B, CLA is becoming a force for positively disrupting the profession, creating a path for our professionals to spend more time directly with clients, leaning into our promise to know and help them.
“Engine B's generative AI-powered technology aligns closely with our vision of leveraging digital solutions to drive operational excellence and deliver greater value to our clients."
Engine B was founded in 2019, and quickly garnered recognition by revolutionising how firms access quality, standardised client data, and has most recently been developing leading edge AI tools. CLA will welcome the entire Engine B team, integrating its professionals and technology.
Shamus Rae, a founding partner of Engine B, said: "Our technology will seamlessly integrate into CLA's existing systems and give us all a head-start in ingesting client information and extracting clear data sets to provide strategic client initiatives. For both firms, this is a strategic step toward growing revenue while further investing in our professionals."
The acquisition, the value of which has not been disclosed, is part of CLA's $500m investment in digital technology and artificial intelligence.
