Armanino McKenna Acquires 1 Source Solutions, LLC; Expands to Become West Coast’s Leading Microsoft Dynamics VAR

August 30, 2010

SAN RAMON, Calif., Aug. 30 /PRNewswire/ — Effective today, Armanino McKenna LLP has acquired 1 Source Solutions, LLC DBA Fullscope West (Fullscope West), and thus becomes the West Coast’s leading value added reseller (VAR) of Microsoft Dynamics®, including GP, CRM, and AX. One of the largest CPA and consulting firms headquartered in California, Armanino McKenna (www.amllp.com) welcomes the entire 1 Source staff of 28 employees and names former 1 Source executives Bruce Kirschenbaum and Chris Moore as new partners within the Consulting department of Armanino McKenna. With over 100 consultants, Armanino McKenna is now positioned as one of the Top 10 Bay Area management consulting firms. Terms of the deal are undisclosed.

“The alignment of our entrepreneurial cultures makes this business union a strategic step forward for our clients,” said the firm’s managing partner Andy Armanino. “We’re excited to provide even deeper business solution and financial service resources to West Coast companies and we’re proud to welcome Chris and Bruce into our partnership.”

Previously, Moore was Managing Director and Kirschenbaum served as Director of Consulting for 1 Source. 1 Source implemented and provided ERP consulting services to Fortune 2000 companies throughout the Western United States.

The transaction includes acquisition of 1 Source’s software modules that work in conjunction with MS Dynamics AX including manufacturing, distribution, revenue recognition and supply chain management. 1 Source clients include leading companies in technology, manufacturing, medical devices and pharmaceuticals, such as ISSI Semiconductors, Xbox, ShoreTel and Network Equipment Technologies.

“I believe Armanino has been a ‘Best Places to Work’ company for the past six years for a reason. Its team is extremely entrepreneurial, dynamic and passionate about servicing clients. Along with our entire organization, I am so pleased to be joining such a great firm,” said Moore. “Our deep ERP, technology and manufacturing experience is a great complement to Armanino’s Consulting services. Combining our efforts will also allow us to provide an even higher level and breadth of services to our clients. I look forward to being a partner here and helping to build the dominant Microsoft Dynamics consulting firm on the West Coast.”

Microsoft has 300,000 Dynamics customers worldwide and has earned the CPA Technology Five-Star Award. Gartner named Microsoft Dynamics AX an ERP leader in the market for its robust architecture and low total cost of ownership through integration with other Microsoft products. Armanino McKenna’s current capabilities now teamed with 1 Source bring the deepest resources to $50 million-$2 billion organizations of any West Coast Microsoft Partner.

“Microsoft’s ERP technology is gaining significant market-share as more and more businesses migrate to a Microsoft platform for its ease of implementation and cost-effectiveness,” said Tom Mescall, Partner-In-Charge of Armanino Consulting. “By combining our organizational skill sets with 1 Source, our firm is positioned to substantially increase market share this year.”

Armanino McKenna was recognized as a member of the Microsoft Dynamics President’s Club, an award presented to the top five percent of Microsoft value-added resellers in the United States, in July 2010. Armanino McKenna has been a Microsoft Gold Certified Partner for the past eight years and a member of the Accounting Today VAR 100 list in 2009 and 2010.

About Armanino McKenna

Armanino McKenna provides comprehensive services to the CFO organization, including audit; tax; IT systems and strategy; outsourced accounting; governance, risk and compliance; financial management; and business advisory services. The firm is the 37th largest public accounting and business consulting firm in the nation and one of the largest California-based CPA firms. In addition to its San Ramon headquarters, the company has offices in San Francisco and San Jose, California.

    Contacts:   Lori Colvin                Mary Tressel
                Armanino McKenna           AMF Media Group
                925.790.2736               925.790.2656
                lori.colvin@amllp.com      mary.tressel@amfmediagroup.com

SOURCE Armanino McKenna LLP

Source: newswire

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