7 Mile Advisors Acted As The Exclusive Sell-Side Advisor To ToMont Solutions In Their Sale To KPMG

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KPMG announced that it has acquired ToMont Solutions, a leading Oracle Enterprise Performance Management (EPM) consulting services practice. This strategic transaction combines ToMont’s capabilities in Oracle EPM and OBIEE implementation with KPMG’s Financial Management (FM) experience in Finance transformation and Enterprise Resource Planning (ERP) implementation to better serve its clients.

ToMont Solutions selected 7 Mile Advisors as its sell-side M&A advisor. “The team at 7 Mile Advisors was key in assisting us to navigate the landscape of this transaction,” said Michael Dennis, Co-founder of ToMont Solutions. “Their understanding of the marketplace as it relates to Oracle, particularly in the EPM space, was a critical factor in our decision to join forces with them. Their advice throughout the process from the engagement of potential buyers, navigating the deal parameters, due diligence and ultimately closing the transaction was invaluable.”

ToMont and KPMG, through a previously established exclusive strategic alliance, have successfully worked together on numerous engagements since 2014. “KPMG has been working with ToMont for a number of years delivering strong results for our clients,” said Benjie Thomas, Canadian Managing Partner, Advisory at KPMG. “Our clients are seeing increasing needs for EPM services, and together with the ToMont team, we’re confident that we have some of the best client offerings in the country. We’re excited to welcome ToMont to KPMG as we strive to enhance and deliver easily adoptable technology solutions for our clients for improved operational excellence and efficiency.”

Founded in 2010, ToMont Solutions offers consulting, cloud and training & support services. With employees in Toronto, Montreal and Calgary, ToMont specializes in delivering Oracle Hyperion solutions to clients in a wide range of industries including financial services, public sector, retail and energy. The company is a Cloud Certified, Oracle Gold Partner. This expertise, in conjunction with strong relationships within the SI Partner community and with Oracle Product Management, has positioned ToMont as an EPM Cloud leader in Canada, particularly as middle market and enterprise customers continue to transition to cloud-based solutions. Regarding the transaction, Erik Woods, Co-founder of ToMont Solutions said, “We are very excited to be joining the KPMG in Canada team. With ToMont joining KPMG we are able to further our position as one of the leaders in EPM consulting space across Canada and the integration of this space with surrounding developments in ERP and HCM verticals.”

In addition to bringing ToMont staff on board, the company’s co-founders, Erik Woods and Michael Dennis will join KPMG’s Advisory practice as Partners along with co-owners, Tom Carolan and Mathieu Bedard as a Vice-President and Director, respectively.
 

About ToMont Solutions

ToMont Solutions is a leading Oracle EPM and OBIEE Consulting services practice focusing exclusively on the Hyperion and OBIEE suites of applications. ToMont helps Mid-Market to Fortune 500 customers with their implementation projects from the design phase to go-Live and beyond. The Company is an Oracle Gold Partner and an EPM Cloud leader in Canada as well as Cloud certified and an authorized reseller.
 

About KPMG

KPMG LLP, an Audit, Tax and Advisory firm (kpmg.ca) and a Canadian limited liability partnership established under the laws of Ontario, is the Canadian member firm of KPMG International Cooperative (“KPMG International”). KPMG member firms around the world have 189,000 professionals, in 152 countries.

The independent member firms of the KPMG network are affiliated with KPMG International, a Swiss entity. Each KPMG firm is a legally distinct and separate entity, and describes itself as such.
 

About 7 Mile Advisors

7 Mile Advisors provides Investment Banking & Advisory Services to the Business Services and Technology Industries globally. 7 Mile Advisors advises on M&A and private capital transactions, and provide market assessments and benchmarking. As a close knit team with a long history together and a laser focus on our target markets, 7 Mile Advisors helps its clients sell companies, raise capital, grow through acquisitions, and evaluate new markets. All securities transactions are executed by 7M Securities, LLC, member FINRA / SIPC. For more information, including research on the M&A markets, visit www.7mileadvisors.com