US consolidator CBIZ brought in $740
million in revenue in 2009, up 8 percent compared with 2008.
Same-unit revenue for the year dropped 5
percent, but newly acquired businesses contributed $89.9 million to
According to CBIZ, results for 2009 reflect
the firm’s decision to discontinue several business operations
focused on providing software and technology support for small
businesses. The company plans to continue to invest in its IT
staffing and outsourcing business.
CBIZ chairman and chief executive Steven
Gerard predicts CBIZ revenue will grow revenue by 3 percent to 5
percent this year.