Nova Advisory Enhances Capabilities with TLC Technologies Acquisition
The recent acquisition of TLC Technologies marks a significant milestone for Nova Advisory, a prominent financial advisory consultancy and OneStream Diamond Partner. This strategic move brings together a team of over 20 OneStream-certified Architects and proprietary solutions to effectively serve clients across North America.
Strengthening Delivery and Client Coverage
With the combined strengths of Nova Advisory and TLC Technologies, the organization is set to enhance its delivery capacity. Together, they will provide a broader array of managed service solutions tailored for diverse client needs. This acquisition ensures an extended presence across North America, contributing significantly to the firm's ability to meet the growing demands of its client base.
Expanding Geographic Footprint
The acquisition not only brings a wealth of experience but also enables Nova Advisory to extend its geographic footprint, facilitating improved client service across various regions. TLC Technologies has earned a solid reputation over its eight years as a trusted partner of OneStream, known for both efficient client delivery and its proprietary offering, NorthStar. With this merger, the combined entity can leverage the geographic reach for enhanced service delivery.
Leadership Perspectives on the Acquisition
Nova Advisory's CEO, Nate Coate, expressed his enthusiasm for the acquisition, stating, "We're combining two culturally aligned, client-first teams with extensive OneStream expertise. This positions us to lead the market in quality, scale, and innovation."
Commitment to Client-Centric Growth
The voices of leadership from both organizations resonate with a commitment to maintaining a client-focused approach. Tom Foley, CEO of TLC Technologies, emphasized the alignment of values with Nova. He noted, "They bring the functional depth and a highly credentialed team to help us grow further, without compromising our values or culture." This sentiment underscores the intent to foster a culture of collaboration and innovation.
Leveraging Synergistic Solutions
By integrating NorthStar, TLC Technologies' proprietary planning solution, with Nova's SMART Managed Services, clients will benefit from strategically developed OneStream solutions. This combination is particularly valuable for enterprise finance teams looking for scalable solutions that meet complex financial needs.
Future Endeavors and Joint Representations
Looking ahead, both companies will publicly represent their partnership at the upcoming OneStream Splash conference. This appearance will underscore the shared branding of Nova Advisory and TLC, highlighting their collaborative efforts in providing robust financial advisory services.
Frequently Asked Questions
What is the benefit of Nova Advisory acquiring TLC Technologies?
The acquisition enhances Nova's delivery capacity by combining talent and resources, broadening client coverage across North America.
How does this acquisition affect OneStream services?
The merger brings together experienced professionals and proprietary solutions, leading to improved OneStream implementation and managed services.
Who will lead the combined organization?
Tom Foley, President & CEO of TLC Technologies, and John Ambrose, EVP of Business Development, will retain leadership roles in the new organization.
Is client service a priority after this merger?
Absolutely! Both organizations prioritize client-centric approaches, ensuring that their values and culture remain intact.
What is the significance of the OneStream Splash conference for the companies?
It marks their joint presentation and showcases the collaborative offerings stemming from their partnership.
