AICPA's Accounting Portal, CPA2BIZ, Announces Merger

CPA2BIZ, the exclusive online and offline distributor of AICPA products and services, has announced its merger with Rivio, Inc., a leading provider of integrated Web-based application services for small businesses.

Financial terms were not disclosed.

New Officers, Directors and Investors

Rivio founder Navin Chaddha will become President of CPA2BIZ, and will be responsible for guiding the various elements of CPA2BIZ, including sales, marketing, product management, technology and operations. Brett Prager, the driving force of CPA2BIZ to date, will serve as CEO.

The merger brings together a strong investor base, (including Accenture Technology Ventures, Aon, Bank of America, Marsh & McLennan Capital, Microsoft, Mobius Venture Capital, Opportunity Capital Partners, Thomson and VeriSign), which hopes to gain access and provide services to CPAs and their small business clients through CPA2BIZ.

Brett Prager, CEO of CPA2BIZ said, "Our objective since founding CPA2Biz has been to strategically assist CPAs in providing an integrated suite of business applications for better serving their clients and organizations they serve . . . After a year of research and a comprehensive evaluation process of potential solutions, including contact with over 2,500 CPAs in business & industry and in public practice, we recognized that the merger with Rivio was the best option for CPA2Biz."

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

Rivio’s Office Manager product provides access to integrated payroll processing services, Microsoft(R) bCentral(TM) Web Services and export and import capabilities with accounting applications like Intuit(R) QuickBooks(R), and will be one of the cornerstones of the platform with CPA2BIZ and its CPA clients.

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