Protiviti Acquires PENTA Advisory Services, LLC
03 Abril 2007 - 1:30PM
PR Newswire (US)
MENLO PARK, Calif., April 3 /PRNewswire/ -- Protiviti Inc., a
leading provider of independent business and technology risk
consulting and internal audit services, announced today that it has
acquired PENTA Advisory Services, LLC. PENTA, which has offices in
Baltimore, Maryland and Richmond, Virginia, provides restructuring
and insolvency services; litigation services; and
bankruptcy-related tax, accounting and administrative services.
Financial details regarding the transaction are not being
disclosed. (Logo:
http://www.newscom.com/cgi-bin/prnh/20051101/SFTU041LOGO ) "PENTA
has built an outstanding reputation nationwide for its skills and
experience in providing guidance for companies faced with complex
corporate restructuring or litigation issues," said Everett Gibbs,
managing director for Protiviti and chairman of the company's
operating committee. "This acquisition not only adds bankruptcy
expertise to Protiviti's robust suite of risk consulting and
litigation support solutions, but it enables us to respond
nationally to organizations or creditors in the midst of financial
difficulties by providing them with proven restructuring and
bankruptcy consulting capabilities." Protiviti plans to retain
PENTA's Baltimore and Richmond locations. PENTA employs 43
full-time professionals, all of whom are joining Protiviti. Four of
these individuals are the co-founders of PENTA and are joining
Protiviti as managing directors: * Michael Atkinson has more than
15 years of experience providing corporate restructuring,
commercial litigation, financial investigation and valuation
services. * Guy Davis has 17 years of accounting, finance and
consulting experience in the areas of corporate restructuring,
commercial litigation, financial investigations and valuation. *
Charles Goldstein has 18 years of experience providing consulting
services in a variety of areas, including corporate restructuring,
bankruptcy consulting, financial investigations and commercial
litigation, as well as fiduciary services. * John Lyons has more
than 20 years of experience in tax consulting and oversees a wide
variety of tax engagements for corporations, partnerships and
individuals. PENTA's suite of services will be incorporated into
Protiviti's Event Response practice, which encompasses fraud and
financial investigations, litigation consulting and e-discovery
risk management, and will now include restructuring, bankruptcy
consulting and tax advisory services. "We are particularly excited
about the synergy between Protiviti and PENTA that we can leverage
through this acquisition," said James Pajakowski, managing director
and head of Protiviti's Business Risk practice. "Companies with
which PENTA currently is working now have the opportunity to
benefit from Protiviti's services, such as our e-discovery practice
that enables faster and more comprehensive data accumulation and
management. In addition, Protiviti's Event Response practice will
benefit from the addition of four new managing directors who bring
with them proven expertise and decades of experience." Protiviti's
Event Response practice is a rapidly developing service line for
the company. Within the scope of fraud and financial
investigations, Protiviti's experts work with public and private
organizations to provide services including forensic accounting,
financial restatements, fraud risk assessment, anti-fraud programs
and controls, computer forensics and data mining, money laundering
prevention and detection, and asset tracking and recovery. With
regard to litigation consulting, Protiviti works with law firms and
corporations to assist them with all phases of the litigation
process, including e-discovery data retrieval and analyses, damage
claim preparation and assessment, trial preparation and expert
testimony, and post-trial recoveries and remediation. About
Protiviti Protiviti (http://www.protiviti.com/) is a leading
provider of independent risk consulting and internal audit
services. The company provides consulting and advisory services to
help clients identify, assess, measure and manage financial,
operational and technology-related risks encountered in their
industries, and assists in the implementation of the processes and
controls to enable their continued monitoring. Protiviti also
offers a full spectrum of internal audit services to assist
management and directors with their internal audit functions,
including full outsourcing, co-sourcing, technology and tool
implementation, and quality assessment and readiness reviews.
Protiviti, which has more than 50 locations in the Americas,
Asia-Pacific and Europe, is a wholly owned subsidiary of Robert
Half International Inc. (NYSE symbol: RHI). Founded in 1948, Robert
Half International is a member of the S&P 500 index. PENTA
Advisory Services, LLC 2 North Charles StreetSuite 400 Baltimore,
MD 21201 Phone: 410.454.6800 1051 East Cary StreetSuite 602
Richmond, VA 23219 Phone: 804.644.7000 http://www.pentallc.com/
NOTE: Protiviti is not licensed or registered as a public
accounting firm and does not issue opinions on financial statements
or offer attestation services.
http://www.newscom.com/cgi-bin/prnh/20051101/SFTU041LOGO
http://photoarchive.ap.org/ DATASOURCE: Protiviti CONTACT: Kevin
Donahue, +1-650-234-6385, or , or Kathy Keller, +1-650-234-6252, or
, both of Protiviti Web site: http://www.pentallc.com/ Web site:
http://www.protiviti.com/
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