Deal Underscores LBMC’s Commitment to Expanding Solutions, Transformational Technologies
Nashville, Tenn. – LBMC, one of the Southeast’s leading accounting and business consulting firms and a top 50 firm in the nation, today announced that it has acquired Think Data Insights, a national data analytics company that delivers modern data platforms and analytics solutions, harnessing the power of data to drive insights in their organizations.
Financial terms of the transaction were not disclosed.
LBMC focuses on providing its clients with solutions and service lines that grow and transform their businesses. This acquisition expands on the company's strategic objective to provide comprehensive resources to its clients, particularly as it grows its footprint and capabilities nationally across key verticals including private equity, healthcare, manufacturing and service providers.
“As we continue to grow, we continue to invest in new service lines that deepen and enhance our offerings, while keeping LBMC at the forefront of technological advancements,” said Jeff Drummonds, CEO of LBMC. “This acquisition underscores our commitment to providing our clients with transformational solutions, so that the thousands of businesses we work with across the country have access to best-in-class resources and experts that advance their success.”
Think Data Insights, based near LBMC’s headquarters in Nashville, has grown rapidly since its launch 5 years ago. The company has delivered high impact data platform and business intelligence solutions for organizations in healthcare, manufacturing, retail, media and finance, among other industries. Think Data Insights is also a certified Microsoft Gold partner, the highest level of Microsoft's widely recognized partnership program. This distinction is only held by a small number of Microsoft partners around the world.
“Joining forces with LBMC means our technology can empower more companies to harness the power of data to drive growth, decrease expenses and manage other business objectives,”
said Ken Raetz, CEO, Think Data Insights, who will join LBMC as a shareholder and remain focused on growing the data analytics service line. “This allows us to expand our footprint and leverage LBMC’s deep expertise, while increasing the company’s resources, and ultimately, helping clients master their most critical business issues.”
About Think Data Insights
Think Data Insights is a national data analytics company trusted by companies across healthcare, manufacturing, retail, media and finance to harness the impact of data insights on their organizations. A Microsoft Gold Partner, Think Data Insights delivers modern data platforms and analytics solutions that help clients master their most critical business issues. For more information, visit www.thinkdatainsights.com.
LBMC is a Top 50 firm in the country and the largest professional service solutions provider based in Tennessee, serving approximately 10,000 clients with diverse needs across a spectrum of industries. LBMC and The LBMC Family of Companies have more than 600 employees, with offices in Chattanooga, Nashville (Brentwood), and Knoxville, Tennessee. Founded in 1984 as a traditional accounting firm, today LBMC has become industry leaders in financial, human resources, technology, information security, and wealth advisory services. For more information, visit www.lbmc.com.