ParenteBeard Launches Emerging Growth Business Services Practice

PHILADELPHIA, May 21 /PRNewswire/ -- ParenteBeard LLC (ParenteBeard) today announces the launch of its new Emerging Growth Business Services Practice.

Emerging growth companies are characterized by a commitment to a combination of aggressive expansion, significant turnaround, new market development and/or clear succession strategies.  As the Mid Atlantic's leading regional certified public accounting and business advisory firm, ParenteBeard has the robust depth and breadth of resources, long history of serving growing companies in all business life cycle stages and requisite experience to meet the unique needs of this audience. 

The team, led by firm partner Mark Nicastro, will provide emerging growth companies with the right professionals to help clients plan, drive and stay ahead of change in their respective industries.   Practice professionals will draw from the firm's audit and accounting, small business, tax, international tax, SEC and business advisory and industry specializations, and be able to access the capabilities of affiliates Parente HR Services, Curtis Financial Group, and ParenteBeard Wealth Management.

One of the country's leading entrepreneurial attorneys, and a longtime mentor of startup companies, is Steve Goodman, partner at Philadelphia's Morgan Lewis & Bockius LLP.  Mr. Goodman is a leading influence in the emerging growth community. "I was excited to learn that such a premier accounting firm as Parente Beard has formed a group devoted to serving and nurturing early stage companies. Mark Nicastro brings copious energy and personal skills to the leadership of the group. I am confident that this initiative will significantly augment the resources available to early stage companies in the region."

"By providing a user friendly, customized approach for their diverse needs, ParenteBeard's Emerging Growth Business Services practice will match each client with a carefully selected group of professionals to guide them through every stage of their life cycle.  We are confident that our team will provide solid services and solutions for this dynamic market in the years ahead," said Robert Ciaruffoli, ParenteBeard chief executive officer.

Emerging growth companies already value the ParenteBeard experience.  "As the owner of a startup company, I was looking for a firm with specific expertise in areas vital to the growth of our business, including tax, accounting, corporate finance, risk management and more.  Working closely with us, Mark Nicastro and his team have helped us develop strategy and implement business processes that allow us to balance our need for immediate results with long term success," commented Chuck Sacco, Movitas' vice president of sales and partner development.

ParenteBeard is poised to make the firm the foremost resource for the Emerging Growth marketplace for years to come.   "Emerging growth companies succeed by meeting market needs, creating better ways to do business and never hesitating to expand and evolve.  This is exactly the approach our team will take in serving this dynamic sector," said Mark Nicastro.

About ParenteBeard

ParenteBeard is the Mid Atlantic's leading regional certified public accounting and business advisory firm with over 1,100 employees serving middle market and small business clients across the region.  The 165 partner firm has 25 offices located in Pennsylvania, New Jersey, New York, Maryland, Delaware and Texas. The firm is ranked among the Top 25 firms in the USA and is an independent member of Baker Tilly International.

For more information, please visit ParenteBeard at www.parentebeard.com

SOURCE ParenteBeard LLC

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