Schellman & Co., a High 100 Agency primarily based in Tampa, Florida, is increasing its cryptocurrency audit providers by buying the agency of Scott S. Perry, CPA PLLC, primarily based in Bellevue, Washington.
Perry’s agency makes a speciality of digital certificates authority audits, also called WebTrust for Certification Authorities). He has additionally participated in working teams making use of these ideas to federal id administration, Belief over IP (verifiable credential and self-sovereign id), drone applied sciences, and extra. Perry’s agency works with a number of giant firms together with DigiCert, DocuSign, Lockheed Martin, and Northrop Grumman. The agency has additionally collaborated with federal authorities businesses such because the U.S. Senate Sergeant at Arms and the U.S. Nuclear Regulatory Fee.
Schellman acquired funding in September from the personal fairness agency Lightyear Capital and cut up off a brand new know-how and cybersecurity enterprise referred to as Schellman Compliance LLC from the CPA agency a part of Schelmman (see story).The acquisition of Perry’s agency suits into Schellman’s development plans for 2022 in increasing specialised providers.
“Whereas Schellman does have a historical past of performing assessments for SSL certificates authorities and DNS suppliers, we imagine the appliance of encryption and certificates administration evaluation strategies to new domains presents an unlimited development alternative,” mentioned Doug Barbin, managing principal and chief development officer at Schellman, in an announcement. “Scott Perry’s agency is broadly revered on this area. We imagine the mixture of its experience with our international consumer base and greater than 300 IT audit professionals will put us in place to steer this area of interest market because it grows past web sites into monetary know-how, blockchain, authorities, transportation, and digital life functions.”
Monetary phrases of the deal weren’t disclosed. Schellman & Co. ranked No. 65 on Accounting As we speak’s 2021 checklist of the High 100 Companies. The agency had $66.eight million in annual income in 2020. Schellman has 16 companions and 362 staff, whereas Perry’s agency has one associate and one different worker.
The mixed agency hopes to advance its providers in encryption, certificates administration, and cryptocurrency audits.
“Since our basis, Schellman has all the time striven to forge our personal area of interest within the know-how compliance business, and Scott has achieved one thing comparable,” mentioned Schellman CEO Avani Desai in an announcement Monday. “We share that concept for a singular method, in addition to a mutual ardour for compliance, and so this might not make for a greater match. Our collaboration will now enable us to proceed serving to our shoppers talk belief to their clients and stakeholders in a newly enhanced manner. Between his experience and our sources, the best way in direction of our progress is now paved, and we’re wanting ahead to the alternatives we’ll have sooner or later.”
Schellman CEO Avani Desai
Lisa Presnail/Presnail Photograp
Upon completion of the merger, Perry will grow to be a principal at Schellman and take cost of launching the agency’s new observe in crypto and digital belief providers.
“Having already invested 17 years in cryptographic-based audits, this new step feels pure,” Perry mentioned in an announcement. “In leveraging my agency’s expertise, Schellman is now enabled to totally understand the potential of this exploding market. Collectively, we’ll take an instantaneous management place in Net 3.zero know-how audits and governance providers.”