Before I introduce our speakers, Mike Boenzi and Kristen Chapman, I'd like to spend just a couple minutes to give you a little background on Grant Thornton.
Grant Thornton is a CPA firm that has been serving Wisconsin companies for over 85 years. According to AccountingToday, Grant Thornton ranks as the 6th largest CPA firm in the country.Backed by the experience of over 5,000 U.S. professionals and nearly 30,000 professionals internationally, Grant Thornton provides the perfect balance of resources and attention.Our client-base is the growth engine of America’s economy: private entrepreneurial businesses and mid-sized public companies, what Grant Thornton defines as dynamic organizations.
With the implementation of our most recent strategic plan, Grant Thornton reconfirmed it's commitment to the technology sector by identifying our technology practice as one of our 3 core industries nationally.The result of helping technology-based companies succeed has translated into approximately a $160 million annual practice for Grant Thornton. To give you an idea of the volume of that practice for Grant Thornton, if we spun that out into a separate firm, it would rank as one of the country's top 25 firms.As you can see by the slide, our technology practice is broken down into a number of subsectors.
Nationally as well as in Wisconsin, biotechnology and life sciences is a major portion of our client-base.As we are all aware, UW-Madison ranks as one of the most prolific research universities in the world– providing the perfect environment for a vibrant technology and biotechnology business community.This technology-based business community is critical to the economic growth of Dane County and Wisconsin and Grant Thornton is committed to continuing to support these important entrepreneurs, business owners, investors and executives succeed.So with that, I "thank you" for your attention and "thank you" to Bryan Renkand BioForward for allowing us this opportunity to participate in what will surely be an informative presentation.
I'd now like to introduce Mike Boenzi and Kristen Chapman, who are both a part of our Research & Development team at Grant Thornton.