Marcum Technology Expands with Merger of BinaryNetworks
DECEMBER 5, 2022 (New York City, NY) – Marcum LLP today announced that its full-service advisory consulting business expanded with the Firm’s December 1 merger with E. Cohen and Company, CPAs of Rockville, Maryland. In a concurrent transaction, BinaryNetworks, E. Cohen’s information technology subsidiary, merged into Marcum Technology, LLC.
BinaryNetworks was a managed services provider offering IT consulting, infrastructure, and cloud services. The firm combined into Marcum Technology’s managed services and infrastructure lines of business, adding 15 associates to the team.
Terms of the deal were not disclosed.
Marcum Technology helps clients converge business and technology. Through strategic consulting, enterprise solutions, cybersecurity, infrastructure, and automation, the Firm facilitates clients’ digital transformation and helps deliver a more personalized and seamless experience to their customers. As a Marcum company, Marcum Technology has access to a deep bench of financial, business, industry, and operational specialists – enriching the delivery of successful outcomes to achieve clients’ technology goals.
“The synergies between BinaryNetworks and Marcum Technology are substantial and will create even greater opportunities to support clients’ businesses with strategic, high-impact initiatives that drive growth. As part of Marcum Technology, the BinaryNetworks team will be able to leverage additional intelligence and our deep experience to address the myriad issues embedded in complex technology challenges,” said Peter Scavuzzo, chief executive officer of Marcum Technology and principal/chief digital information officer of Marcum LLP.
“Our close relationship with our clients as their single-source technology advisor will continue, but with the significant advantage of Marcum’s deep resources as a national service provider that is part of one of the country’s leading CPA firms. We know that service delivery is critical to our clients’ success. BinaryNetworks and Marcum Technology are diligently working to ensure that this combination results in a smooth transition that positions us to deliver even greater value to our clients,” said Jeff Savitsky, BinaryNetworks’ managing director.
About Marcum Technology
Marcum Technology, founded in 2001, helps companies identify and mitigate risks across their people, processes, and technology. Named a Best Firm for Technology by Accounting Today, the firm is focused on helping businesses become more responsive, profitable and sustainable through solutions to their technology challenges. Marcum Technology offers a full spectrum of digital advisory services, infrastructure solutions and services, strategic IT consulting, and cybersecurity & digital forensics.
About Marcum LLP
Marcum LLP is a top-ranked national accounting and advisory firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals. Marcum’s industry-focused practices offer deep insight and specialized services to privately held and publicly registered companies, and nonprofit and social sector organizations. The Firm also provides a full complement of technology, wealth management, and executive search and staffing services. Headquartered in New York City, Marcum has offices in major business markets across the U.S. and select international locations. #AskMarcum.
