HPC Acquires Cloudsourced Accounting

Atlanta-based Harshman Phillips & Co. (HPC), a firm that refers to itself as “tech-savvy cloud accountants and CPAs,” has acquired the cloud integration provider Cloudsourced Accounting, with offices in Boston, Los Angeles and Chicago.

“By joining with HPC, we can now offer a full back-office solution from bookkeeper to controller to virtual CFO,” Cloudsourced Accounting announced on its website. “Whether you’re interested in tax preparation services or a business strategy consultation, we’ll have the experts to guide you through all your accounting, tax, and advisory needs as your business grows.

The deal is expected to close July 1. Blake Oliver, cofounder and CEO of Cloudsourced Accounting, will join the HPC team as director of technology and marketing.

HPC provides accounting and advisory services on the Xero accounting platform. The acquisition will add 10 experienced staff on the Xero platform to HPC, which will enable HPC to accelerate its expansion of services into the growing field of cloud integration consulting, HPC announced. HPC also plans to expand its services to provide virtual back office solutions to small businesses.