CBIZ Centralizes Tech Services After Marcum Merger

CBIZ, a top 10 U.S. firm, is transforming its technology services approach post-merger with Marcum. Led by Peter Scavuzzo, formerly CEO of Marcum Technology, CBIZ has centralized its technology offerings into one office, focusing on technology-driven client service rather than internal IT operations. This strategic restructuring follows the acquisition of Marcum, where the feasibility of a unified tech service was discussed prior to the deal's conclusion. The reorganization has allowed CBIZ to expand its offerings, drawing on both firms' strengths in various technology domains such as AI, cybersecurity, and IT infrastructure management. The unified approach facilitates cross-selling opportunities, enhances client offerings, and integrates Marcum's expertise in AI technology. Despite requiring significant organizational changes and change management efforts, the merger leverages CBIZ and Marcum’s cumulative M&A experience to foster deeper collaboration and innovation among different divisions, ultimately aiming to provide enhanced client service.