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CPA2Biz + Rivio = a winning combination and powerful business solutions. (news update).

CPA2Biz has merged with Rivio, a leading provider of integrated Web-based application services for small businesses, to enhance its offerings to CPAs and their clients or employers.

A formidable combination, the two companies leverage extensive compatibility in products, channels, investors and management. The merger will streamline business operations, improve efficiencies and produce better results for CPAs' clients or employers.

"Rivio has proven applications and a technology platform that allows full private labeling by CPAs, offers tremendous platform customization and is supported by a fully tested deployment process," said Brett Prager, chief executive officer of CPA2Biz. "Our objective since founding CPA2Biz has been to strategically assist CPAs in providing an integrated suite of business applications for the clients and organizations they serve. As a result of this merger, we are now better positioned to further assist CPAs."

Rivio's Integrated Business Services Network provides an infrastructure for CPAs to operate and deliver customized Web-based application services to their small business customers. Rivio Office Manager allows small businesses to efficiently manage their day-to-day operations, including human resources management, payroll, time and attendance, expense reporting and employee communications. It also provides access to integrated payroll processing services, Microsoft bCentral Web Services and export and import capabilities with accounting applications, such as Intuit[R] QuickBooks[R].

"The Rivio technology platform allows CPAs -- in public practice or in business and industry -- to improve the success rate of small business by offering clients or employers core business application solutions that are necessary for small businesses to compete in today's marketplace," said Barry Melancon, president and CEO of the AICPA.

This merger brings together a strong investor base that leverages complementary technological and commercial strengths. Rivio, based in Santa Clara, Calif., will operate as a wholly owned subsidiary of CPA2Biz. Each company will contribute members to the combined company's management and board of directors. Navin Chaddha, founder, president and CEO of Rivio, will join CPA2Biz's board of directors and serve as president of CPA2Biz.

Another wholly owned subsidiary of CPA2Biz, Capital Professional Advisors, Inc., based in Minneapolis, provides a comprehensive array of wealth management, financial planning services, insurance and investment products to help CPA firms fulfill the needs of high-net-worth clients.

Visit www.cpa2biz.com for more information.
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Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:companies have merged
Publication:CPA Letter
Article Type:Brief Article
Geographic Code:1USA
Date:Apr 1, 2002
Words:370
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