AUSTIN, Texas, Oct. 27, 2015 /PRNewswire/ -- TMG Consulting, a utility industry firm whose consulting services and accelerator products help align utility business goals with available technologies to secure stronger customer relationships, announced today that it has acquired the research and strategy practice of RIM Solutions.
The acquisition of RIM Solutions by TMG Consulting is acutely strategic; TMG is pushing the boundaries of the conventional role of utility consultants to deliver more of what utilities need to make the best possible decisions. This means that in addition to offering Advisory and Client-Side Delivery Support Services around the systems that support customer interactions like CIS, ERP, AMI, MDM and others, TMG will now provide the intelligence to address any opportunity or issue facing utilities and the solutions providers who serve utilities.
RIM Solutions has grown steadily since the company's founding in December of 2013; quarter-over-quarter revenue growth has averaged 32 percent. This is a testament to its effectiveness along with its' strong reputation and brand loyalists.
"Utilities are asking us for the deep-dive research into pain points and RIM has proven it can produce. Our research division will trump other firms by going beyond survey data, interviews and secondary research with the supplementation of real project data earned through the course of TMG's 400 projects for more than 250 clients," says Mario Bauer, CEO of TMG Consulting.
Under the terms of the acquisition, RIM's founder and CEO, Vanessa Edmonds will be joining TMG as a partner with the title of vice president. She will serve as the general manager of the research and strategy division, which will retain the name RIM Solutions, and operate as a wholly owned subsidiary of the parent company, TMG Consulting. Additionally, she will contribute to corporate strategy.
According to Bauer, "Vanessa has proven—without question—that she can improve businesses by providing deep industry knowledge to best solve problems and seize opportunities. Her expertise as a business-to-business strategist means that she also knows how to best leverage intelligence to deliver measureable business improvements. These complementary skill sets will be a game changer. There are not many firms that can say they can produce research and develop a plan for how to best use it."
According to Edmonds, "The idea of 'M&A' typically has a bad reputation. It can be difficult to bring two organizations with differing values and goals together and make it work. TMG has been a client of RIM Solutions since July of 2014 and we could not be more aligned. Both firms believe in challenging convention in the interest of advancing the industry. The team at RIM Solutions has a deep respect for how TMG Consulting has changed our market for the better—it employs a brilliant group of forward-thinking consultants who also happen to be really great people. We are thrilled to be coming together to work towards what's next."
TMG will be making several strategic hires to manage the growing number of engagements in all areas of its business. Visit the career page for open positions.
About TMG Consulting
TMG Consulting is a modern utility consultancy that boldly pushes conventional boundaries to best achieve client success.
Business and technology—many see them as existing in silos. TMG believes that they represent two sides of the same coin. Through its Advisory Services, Client-Side Delivery Support (CSDS) Services, Utility Market Connections and now RIM Solutions, TMG is instrumental in connecting the dots between utility business goals and the technologies that support stronger customer relationships.
The company's mission: Do more of what utilities need most and do it better than anyone else in its space. Proof of its effectiveness is in its engagements; the firm has successfully delivered 400 projects for more than 250 public- and investor-owned utilities, evolving energy companies, and city, county and state governments since 1992.
Through a highly relevant, evolving business model which is supported by the best combination of people, services, methodologies and products, TMG will continue its legacy of innovation to deliver amazing results for its clients and better the industry as a whole.
Research & Content
SOURCE TMG Consulting