Atlanta and San Francisco based accounting and advisory firm HPC (formerly Harshman Phillips & Company) is pleased to announce its acquisition of Cloudsourced Accounting, a premier provider of cloud integration and online bookkeeping services with offices in Los Angeles, Chicago, and Boston. The acquisition will be effective July 1, 2015.
HPC, a CPA firm founded nearly 25 years ago, is a leading global provider of accounting and advisory services on the Xero accounting platform and add-on ecosystem. A Xero Platinum Partner, HPC offers clients a full back-office solution with staff who can fill needs from bookkeeper to controller to virtual CFO. From business consulting to tax planning and all forms of tax compliance, HPC has client accounting and tax needs covered.
In its first three years, Cloudsourced Accounting has successfully grown to hundreds of clients and 12 team members. Cloudsourced Accounting has been able to achieve this tremendous growth rate by focusing on two services clients want from their CPA but aren’t getting—accounting technology support and business process optimization. As a Xero Platinum Partner, Cloudsourced Accounting leads the field of online bookkeeping firms in the U.S.
In the acquisition, HPC adds 10 experienced staff on the Xero platform. The acquisition of Cloudsourced Accounting will enable HPC to accelerate its expansion of service offerings into the burgeoning field of cloud integration consulting, which seeks to match clients with the optimal cloud technology solutions to elevate their business processes for accounting and beyond. In addition to the current locations, HPC will be expanding its capabilities to provide virtual back-office solutions to small businesses across the U.S. and globally.
Blake Oliver, co-founder and CEO of Cloudsourced Accounting, joins the HPC team as Director of Technology & Marketing.
“I’m excited to be joining HPC because as a larger team, we can provide a truly comprehensive technology and accounting solution to our clients”, says Blake. “HPC is the leading CPA firm in the cloud accounting space. And Cloudsourced Accounting is one of the top bookkeeping firms. Together, we’ll be able to provide the best full-service solution to our clients.”
“What Blake has accomplished with Cloudsourced Accounting in a short period of time is very impressive”, says Bruce Phillips, managing director & CEO of HPC. “We are incredibly excited to be able to add such a high caliber individual to our growing team. The addition of Blake and his team will allow HPC to really up the ante in providing truly unmatched business technology solutions both in the U.S. and globally”.