Crowe LLP, a Top 10 Firm based in Chicago, has signed an agreement to add personnel from Upaya - The Solution Inc., a technology firm in Palo Alto, California, effective Oct. 1.
Upaya specializes in Oracle’s NetSuite and Workday’s Adaptive Planning software. It is a 5-Star Award NetSuite solution provider, and works with clients in various industries, including software, financial services, manufacturing, wholesale distribution, education, nonprofit, retail, sports and health care.
Upaya was started in 2006 by Bhavna and Kapil Agarwal and has locations in Manila, Philippines, and Delhi, India. As part of the deal, Bhavna Agarwal will join Crowe as a principal and Kapil Agarwal will join as a managing director. Financial terms of the deal were not disclosed.
Crowe ranked No. 9 on Accounting Today’s 2021 list of the Top 100 Firms, with $933.2 million in annual revenue. Crowe has a total of 433 partners and principals.
The deal is part of the expansion of technology services at accounting firms, especially when it comes to helping clients with their accounting software.
“Upaya deepens our expertise in Oracle NetSuite solutions and has a strong foothold in Silicon Valley and strategic international markets,” Crowe CEO Mark Baer said in a statement. “This type of purposeful growth creates new opportunities for our people, clients and expanded communities.”
As part of the deal, Crowe has set up a subsidiary based in the Philippines. “In addition to helping us better serve our clients whenever they may need support, our new Manila office offers an exciting chance for Crowe to expand our talent in the Philippines,” Baer added.
“The synergies created by the Upaya team joining the Crowe team will bring exciting and engaging opportunities to both our people and our clients,” said Bhavna Agarwal in a statement. “With its significant background in technology, Crowe has an established record of creating innovative intellectual property solutions and bringing them to market.”
“By joining Crowe, we’ll be able to build on Upaya’s 15-year legacy and accelerate our mission to empower companies for success,” added Kapil Agarwal in a statement.
