MENLO PARK, Calif., April 3 /CNW/ -- 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
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.
Protiviti (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
1051 East Cary StreetSuite 602
Richmond, VA 23219
NOTE: Protiviti is not licensed or registered as a public accounting
firm and does not issue opinions on financial statements or offer attestation
For further information:
For further information: Kevin Donahue, +1-650-234-6385, or
firstname.lastname@example.org, or Kathy Keller, +1-650-234-6252, or
email@example.com, both of Protiviti Web Site: