TLC Technologies of Bethlehem Acquired by Nova Advisory; Terms Not Disclosed

— Jeff Ward, Lehigh Valley News Briefs

TLC Technologies of Bethlehem has been acquired by Nova Advisory.

Terms of the transaction were not disclosed in a joint statement by the two firms.

TLC Technologies, based at 60 W. Broad St., is a CPM (corporate performance management) software consultant.

“We specialize in the implementation of OneStream Software,” TLC said in the joint statement announcing the transaction.

TLC said the transaction won’t mean any disruption to customers. The Bethlehem-based firm will operate as TLC, a Nova Advisory Company, with the same leadership.

Tom Foley, chief executive and president of TLC, and John Ambrose, executive vice president of business development, will remain with the organization, according to the statement.

Nova Advisory is based in Bellevue, Washington, and is privately held. 

Here is a cut-and-paste version of the statement:

CHICAGO, May 13, 2025 /PRNewswire/ — Nova Advisory, a leading OneStream Diamond Partner and financial advisory consultancy, announced today that it has acquired TLC Technologies, a highly respected Platinum OneStream implementation partner headquartered in Bethlehem, Pennsylvania.

The acquisition strengthens Nova’s delivery capacity, brings the combined organization to over 20 OneStream-certified Architects, and extends the firm’s geographic footprint and client portfolio to span all of North America. TLC Technologies has been a trusted OneStream partner for over 8 years and is known for its exceptional client delivery, certified consultants, and its proprietary planning solution, NorthStar.

“We are so excited about the powerful combination of two of our premier Partners, Nova Advisory and TLC Technologies,” said Stephanie Cramp, SVP of Global Alliances at OneStream, “Both firms have demonstrated a longstanding commitment to strategic partnership and have successfully guided clients across a range of industries. Together, they represent the kind of deliberate, client-focused growth that reinforces the strength of the OneStream partner ecosystem and enhances the capabilities available to our most sophisticated customers.”

Nova Advisory is known for functional depth, with leaders who have spent 20+ years in industry. Nova provides OneStream implementation services, Finance Advisory, and also offers SMART, a Premium Managed Services solution that provides clients with a dedicated OneStream administrator and proactive platform support. The pairing of NorthStar and SMART under one organization creates a powerful combination for enterprise finance teams seeking strategic, scalable OneStream solutions. Tom Foley, President & CEO of TLC Technologies, and John Ambrose, EVP of Business Development, will remain with the organization and continue to play active leadership roles.

“This is an exciting moment for both companies,” said Nate Coate, CEO of Nova Advisory. “We’re combining two culturally aligned, client-first teams with deep OneStream expertise and complementary strengths. Together, we’re positioned to lead the market in quality, scale, and innovation.”

“Nova is a great match for TLC,” said Tom Foley, President & CEO of TLC Technologies. “They bring the functional depth and a highly credentialed team to help us grow further—without compromising our values or culture. This move creates more opportunity for our team and more value for our clients.”

The companies will appear jointly at the 2025 OneStream Splash conference in Nashville, TN under the shared branding of Nova Advisory and TLC, a Nova Advisory Company.