A leading monitored home security company (the “Company”) merged with a leading provider of technologically advanced security and smart home automation solutions (“Transaction”). As a result of the Transaction, the Company’s accounting and financial reporting department faced the following challenges:
The Company needed to partner with an experienced advisory firm that had transaction accounting experience to guide it through the steps required to appropriately account for the Transaction on the accelerated timeline.
Opportune has extensive experience accounting for similar merger transactions, as well as an established working relationship with the audit firm’s specialists. Opportune was engaged to successfully deliver on the following technical accounting, financial reporting, and technical accounting matters:
Opportune’s unique combination of financial reporting and technical accounting expertise added value to the engagement by assisting the Company with the appropriate financial reporting procedures that underpinned the successful completion of the Transaction. Moreover, Opportune’s technical accounting professionals served as subject matter experts in the preparation of the technical memorandum to stand up to audit scrutiny. With the help of Opportune, the Company was able to finalize its audited financial statements within the required timeframe, which allowed it to focus on other key business initiatives as a result of the Transaction.