Jitasa, the Boise accounting firm that tailors services to nonprofits, said Thursday it had bought Dynamic Shared Services, a similar company in Townsend, Md.
With the acquisition, Jitasa gains the Maryland company’s client list, the bulk of which is labor unions, Jitasa founder and CEO Jeff Russell said. The purchase also gives Jitasa software and intellectual property that merges accounting tasks and union member and dues information in a single database, he said.
"Folding that technology into our delivery and service capabilities will be very powerful," Russell said. "We didn't have very much of a technology story before. Now, we do."
Terms of the deal weren't disclosed.
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Russell started Jitasa's predecessor company, Easy Office, in 2008 in The WaterCooler business incubator Downtown. The company has grown to 85 employees, including 65 in Boise. Jitasa will retain some DSS employees and move operations to Boise, Russell said.
Between hires and the merger, Jitasa has added 20 positions in the last three months and is still looking to hire, Russell said. Expansion could include other mergers, he said.
"We continue to look for the right opportunities to leverage technology and merge with other firms who share our passion to make affordable solutions that improve the efficiencies of the nonprofit space," he said.