14 Nov 2018
Éric Nguyen
Senior Manager | CFA, M. Sc. | Digital and technology consulting

We’re hearing more and more about artificial intelligence and how it’s changing our every day life.

Raymond Chabot Grant Thornton recently completed an assignment for the Commission scolaire du Val-des-Cerfs (CSVDC) in the Granby region that demonstrates exactly this point.The goal? Identify Grade 6 students who represent a significant risk of dropping out in the next three years.

The solution? Our firm, through its artificial intelligence and advanced analytics advice service, has contributed to the development of a computer algorithm that can identify future drop-outs with a 92% accuracy rate! To do this, we compiled 300 different factors in the file of each of the 60,000 students who had studied at the CSVDC since 2002.

To learn more, read the article that was published in La Presse+ on November 1, 2018 (in French only). You can also read the English version of this article at National Newswatch.

Our world is evolving at lightning speed and is transforming business practices. Discover all of our digital and technology consulting services!

14 Nov 2018  |  Written by :

Éric Nguyen is your expert in artificial intelligence and advanced analytics at Raymond Chabot...

See the profile

Next article

12 Nov 2018
Éric Nguyen
Senior Manager | CFA, M. Sc. | Digital and technology consulting

Walter Capital Partners Invests in a Leading Canadian School Photography Company

Raymond Chabot Grant Thornton advises Edge Imaging Inc. (“Edge”) on its sale to Walter Capital Partners (“Walter”).

Founded in 2005 and based in Burlington, Ontario, Edge is the largest Canadian-owned school photography company and the partner of choice for thousands of schools, having photographed over 10 million students since its inception. The company quickly established itself as a leader in this niche market for delivering very high-quality products with short lead-times. At the height of its business cycle, Edge currently employs over 400 people in Ontario and British Columbia.

Edge is a fully vertically integrated company which prides itself in delivering exceptional photography products as well as a great customer experience and leads the industry when it comes to privacy and security. Edge’s main target markets are elementary and high schools, and it also offers its services to colleges, universities and sports teams. Today, the Edge brand is recognized for consistently delivering high-quality products and offering a superior customer experience.

“This is an exciting new phase for Edge Imaging,” states Dave Pond, President Emeritus. “Raymond Chabot Grant Thornton has done an exceptional job of aligning Edge with a family office private equity fund, Walter Capital Partners, who are committed financially and through their expertise to growing Edge into a truly national brand.”

‘’Working with Mark Rossi and his team at Raymond Chabot Grant Thornton was a seamless process from beginning to end. They worked efficiently to quickly gain the necessary knowledge about our niche industry to put forward an attractive business investment case,’’ says Dan Boudreau, the newly appointed CEO of Edge Imaging. ‘’By being thoroughly prepared, the firm went to market with a very robust approach, which resulted in a selection of equity partners that was balanced and aligned with our business objectives. The team saw the deal through to the end and continued to provide ongoing support that exceeded all expectations.’’

Raymond Chabot Grant Thornton acted as exclusive financial advisor to Edge Imaging.

“We are very enthusiastic to partner with Edge Imaging and to share our capital and expertise to support their growth ambitions,” states Sam Ramadori, Managing Partner of Walter Capital Partners. “With the extensive work done by RCGT’s team in developing the opportunity and bringing together parties that share the same vision of Edge Imaging’s future potential, we are now in a position to put all the ingredients in place to replicate the successes we have had with the other companies in our portfolio.”

To learn more about how Raymond Chabot Grant Thornton can help meet the needs of your business, please contact our deal team.

About Raymond Chabot Grant Thornton

Raymond Chabot Grant Thornton is a Canadian leader in the areas of assurance, tax, advisory services and business recovery and reorganization. Our leading mid-market focused corporate finance advisory team provides sector-specific advice on mergers, acquisitions and divestitures; debt and equity capital markets.

We bring deep industry knowledge to each transaction to support our clients’ corporate finance strategies and priorities. Raymond Chabot Grant Thornton is Quebec’s leading professional services firm with more than 2,500 employees. As a member firm of the Grant Thornton International network and together with its Canadian counterpart Grant Thornton LLP, the firm is a member of one of the world’s largest professional services network made up of 50,000 people in over 135 countries.

Edge Imaging Walter Capital

14 Nov 2018  |  Written by :

Éric Nguyen is your expert in artificial intelligence and advanced analytics at Raymond Chabot...

See the profile

Next article

07 Nov 2018
Éric Nguyen
Senior Manager | CFA, M. Sc. | Digital and technology consulting

A recent article in the Journal de Québec on the personal finances of new Family Minister, Mathieu Lacombe, has caused a lot of reaction.

While the article included several details, basically, because of a family situation, he accrued considerable debt and made a proposal to his creditors to resolve the problem.

According to Pier-Paul Belzil-Lacasse, Lead Senior Manager and Licensed Insolvency Trustee, this situation is far from unique. He stated that in the Abitibi-Témiscamingue region alone, each year, some 400 people make a proposal to their creditors.

For more information on this solution to indebtedness, you can view his October 25th interview on TVA Nouvelles.

14 Nov 2018  |  Written by :

Éric Nguyen is your expert in artificial intelligence and advanced analytics at Raymond Chabot...

See the profile

Next article

07 Nov 2018
Éric Nguyen
Senior Manager | CFA, M. Sc. | Digital and technology consulting

What is the future of financial services? Which solutions and action plans must financial institutions put in place to face the challenges of open innovation and artificial intelligence?

In an ever-changing world, financial technologies are disrupting financial institutions’ usual business models by offering technological solutions that are better tailored to their clients. With the arrival of new technologies like open innovation and the emergence of artificial intelligence, their business model will have to adapt.

In light of these numerous challenges, Emilio B. Imbriglio, President and CEO of Raymond Chabot Grant Thornton, acted as the moderator of an international panel of speakers at the FinTech Forum on October 30, 2018.

The panel also included:

  • Kelly Peeler, CEO and Co-Founder of NextGenVest.com, which helps students manage student loans via text messages thanks to artificial intelligence and human advisors. She was named on the Forbes’ top 30 Under 30, Fast Company’s 100 Most Creative People in Business and Goldman Sachs’s 100 Most Intriguing Entrepreneurs and named a White House’s #StartTheSpark Ambassador;
  • Christopher Oster, CEO and Co-Founder of CLARK, a digital platform that makes it easy to buy new insurance while managing existing contracts;
  • Sébastien Fiaux, CEO and Founder of SFJ Technologies, a business that helps clients manage significant returns thanks to sophisticated mathematical models and science;
  • David Souaid, President and Co-Founder of the Evolocity financial group, which proposes technology-based solutions to provide working capital to Canadian SMEs;
  • Kathryn Petralia, President and Co-Founder of Kabbage Inc., a completely automated platform that allows clients to benefit from cash resources for their small businesses in a matter of minutes;

This conference was an opportunity to highlight their activities and discuss the challenges facing the financial industry – in particular the search for technological innovation sources to ensure innovation and competitiveness in a market with fierce competition and numerous competitors.

Artificial intelligence represents new business opportunities while improving efficiency and client services. It’s essential for financial institutions to ensure that they have a competitive, cutting-edge organization while efficiently responding to market uncertainties, the needs and expectations of clients and rapidly growing competition.

Today we’re entering a new era of technological transformation where everything is possible. It’s up to us to seize the opportunities that present themselves!

14 Nov 2018  |  Written by :

Éric Nguyen is your expert in artificial intelligence and advanced analytics at Raymond Chabot...

See the profile