Riveron buys finance IT specialist GBI Consulting

Riveron, a Dallas-based business advisory firm, has acquired GBI Consulting, a Chester, NJ-based IT consultancy specializing in finance function modernization.

Founded in 2009, GBI is a platinum partner of OneStream, a leading corporate performance management (CPM) platform that simplifies processes in financial consolidation, reporting, planning, and analytics. The platform has solutions across finance, accounting, and financial planning and analysis, and caters to organizations in manufacturing, financial services, healthcare, and the public sector.

Aside from OneStream, GBI also helps clients implement finance solutions from Oracle. The company also offers consulting services in CPM rationalization, process transformation, reporting, financial planning and analysis, and training.

GBI has more than 20 employees, according to LinkedIn.

Riveron’s purchase of GBI will bolster the firm’s technology enablement team. Terms of the transaction were not disclosed.

“As technology continues to revolutionize the accounting and finance landscape, modern cloud platforms—such as OneStream—are transforming the way we do business,” said Riveron CEO Julie Howard. “We are thrilled to welcome the talented team at GBI and together strengthen our ability to provide game-changing results for our clients across all stages of sophistication.”

Todd Cilio, GBI Consulting managing director, added, “By combining with Riveron, a true force in the advisory arena, we are better able to deliver for our clients, grow our people, and drive powerful, self-sustaining results to withstand every obstacle.”

Founded in 2006, Riveron specializes in accounting, finance, technology, and operations. The firm’s services include accounting advisory, finance operations, capital markets & divestitures, performance improvement, restructuring & turnaround, tax advisory, technology enablement, and transaction services.

Riveron has approximately 500 people across a dozen offices in the United States.

The firm last year acquired turnaround consulting firms Winter Harbor and Conway MacKenzie.