CLA acquires Engine B; will integrate into CLA solutions for
greater client insights
LONDON, May 9, 2024
/PRNewswire/ -- CLA (CliftonLarsonAllen LLP), the eighth-largest
accounting firm in the United
States, today announced its acquisition of Engine B, a
next-generation AI-driven, UK-based technology company that
specializes in delivering generative AI solutions for the
professional services industry, providing deeper insights and
opportunities for their clients.
This strategic move – CLA's first global acquisition –
underscores the firm's commitment to harnessing cutting-edge
technology to enhance client service and enable CLA professionals
to focus more on client engagement, pursuing new business
opportunities, and delivering value-added services. Harnessing the
power of generative AI and Large Language Models, Engine B's
cutting-edge technology is designed to transform the way accounting
professionals work, allowing for deeper business and financial
insights for clients.
"CLA is investing in the future of our people, of our clients
and our profession," said Jen Leary,
CEO of CLA. "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 by Shamus Rae and Donne Burrows,
two long standing professional services executives who saw a need.
Engine B quickly garnered recognition by revolutionizing how firms
access quality, standardized client data and has most recently been
developing leading edge AI tools. Engine B brings products and
solutions to CLA that will enable the firm to harness data and
drive additional value to its clients. CLA will welcome the entire
Engine B team, integrating its professionals and technology.
"This connection is the right step for Engine B and for CLA,"
said Shamus Rae, founding partner of Engine B. "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."
"At CLA, we are early adopters, staying ahead of industry
trends, always looking to enhance the services and solutions we
provide to our clients," said James
Watson, CLA Board Chair. "The automation capabilities that
Engine B brings to the table will enable us to redirect valuable
time toward client engagement while pursuing new business
opportunities."
The acquisition of Engine B, finalized on May 1, further accelerates CLA's $500 million investment in digital technology and
artificial intelligence. By harnessing Engine B's capabilities, CLA
anticipates it will be able to enhance activities with its current
client base, while also innovating the way we serve new client
opportunities.
About CLA
CLA (CliftonLarsonAllen LLP) exists to
create opportunities for our clients, our people, and our
communities through industry-focused wealth advisory, outsourcing,
audit, tax, and consulting services. With nearly 9,000 people, more
than 130 locations, and a global vision, we promise to know you and
help you. For more information, visit CLAconnect.com. CLA
(CliftonLarsonAllen LLP) is an independent network member of CLA
Global. See CLAglobal.com/disclaimer. Investment advisory
services are offered through CliftonLarsonAllen Wealth Advisors,
LLC, an SEC-registered investment advisor.
About Engine B
Engine B is a next-generation
AI-driven, UK-based technology company that utilizes the latest in
generative AI to develop cutting edge AI tools that automate
lengthy, complex processes. These new technologies save
professionals time in audit, accounting and beyond as well as
improve quality and reduce risk. Their AI tools, enabled by
standardized data, work alongside professionals, and allow them to
spend more time making higher-value decisions, based on intelligent
data insights, their expertise, and their professional
training.
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SOURCE CLA (CliftonLarsonAllen LLP)