Tennessee's LBMC acquires Think Data Insights
LBMC, a leading accounting and consulting firm in the US Southeast, has acquired Nashville-based Think Data Insights, a national data analytics company.
Founded in 1984 and based in Nashville, LBMC started out as a traditional accounting firm. Like other accountancies, including the Big Four, LBMC later struck out into the lucrative consulting and advisory arena. Now, as organizations increasingly require support with technology, consultancies are in race to expand their technical acumen – from ERP expertise to data analytics.
LBMC, which delivers consulting services in the areas of finance, HR, technology, cybersecurity, and wealth management – has strengthened its data analytics capabilities with the addition of Think Data Insights. The boutique firm provides high-impact data platforms and business intelligence solutions for clients in healthcare, manufacturing, retail, media, and finance.
Think Data’s offerings include enterprise data platform solutions, data integration/conversion/integration, dashboarding and visualization, and corporate performance management solutions. The firm is a certified Microsoft Gold partner.
The acquisition is part of LBMC’s strategic objective to deliver comprehensive resources to its clients as it continues to expand its footprint across key industries like healthcare, manufacturing, and private equity.
“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,” Jeff Drummonds, CEO of LBMC, said. “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 will join the LMBC team, which is composed of more than 600 employees across offices in Nashville, Chattanooga, and Knoxville, Tennessee. The data firm’s CEO, Ken Raetz, will join LBMC as a shareholder, and will focus on growing the data analytics offering.
“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,” Raetz said. “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.”
