BDO USA, LLP, one of the United States’ leading accounting and advisory firms, has announced the asset acquisition of Lootok, a business continuity and crisis management consulting and technology firm headquartered in New York. The acquisition of strengthens BDO’s proactive risk management capabilities, ‘offering clients an end-to-end suite of services across the risk continuum’.
“We are pleased to add the impressive resources of Lootok to our advisory offerings to address the diverse needs of our clients,” said Jay Duke, national managing partner of Advisory Services at BDO USA. “In today’s rapidly evolving risk environment, risk managers need a new toolset and a modernized, nonlinear business continuity program. Lootok brings an innovative, proactive approach to building business resiliency that will complement BDO’s existing business continuity services.”
Lootok CEO Sean Murphy has joined the BDO as managing director and will lead BDO’s Crisis Management and Business Continuity practice. Other Lootok employees have also joined BDO and are now based in BDO’s 100 Park Avenue office in New York City.
“For the last 12 years, we’ve helmed the revolution in business continuity planning for the modern threat environment, developing cutting-edge concepts and technologies. Joining BDO provides us with a wider platform to solve problems for our clients across the full spectrum of resiliency and opens up new avenues for risk management innovation,” said Murphy. “By working together, we will help clients elevate their risk management programs to the next level and increase agility in the face of disruption.”