Provisions Group acquires Hammrtech to enhance AI services
TENNESSEE, UNITED STATES — Franklin-based IT consulting and staffing solutions leader Provisions Group has acquired Knoxville’s AI specialty firm Hammrtech.
The acquisition marks an expansion for Provisions Group, enhancing its capabilities in cybersecurity, software, and cloud services while adding cutting-edge AI solutions to its portfolio.
Terms of the transaction were not disclosed.
Strengthening Tennessee’s tech landscape with Provisions Group
Provisions Group, founded in 2003, has established itself as a prominent player in the IT consulting and staffing sector.
With over 200 team members nationwide, the company offers a wide range of services, including cloud-first solutions, IT advisory and strategy, application development, and cybersecurity.
The acquisition of Hammrtech not only broadens Provisions Group’s service offerings but also extends its geographical reach within Tennessee, with a new satellite office in Knoxville.
“We understand the value AI services can offer our customers, and this acquisition exemplifies our commitment to providing the most comprehensive technology solutions available,” said Mark Freeman, Founder and CEO of Provisions Group.
“We are also so excited to expand further throughout Tennessee.”
AI innovation at the forefront
Hammrtech, celebrating its 15th year in business, has been at the forefront of AI innovation, developing proprietary technology already in use by many of its customers.
“We have been heavily investing in AI over the past few years, including with our new AI product. This new partnership will allow us to further invest in and grow our AI offerings on a broader scale,” said Ditmer.
The merger promises to deliver more robust technology solutions to clients, combining Provisions Group’s extensive IT consulting experience with Hammrtech’s AI expertise.
Specializing in growth-oriented and mid-sized organizations, Provisions Group’s consulting practices encompass marketing, healthcare IT, CRM, application development, data and analytics, infrastructure and cloud, and security and compliance.
The company’s annual revenue is estimated at $35.8 million.
Meanwhile, Hammrtech provides high-tech solutions for cybersecurity, cloud services, and software development. It is also a Microsoft Silver Partner and Cloud Service Provider, offering Microsoft 365 suite and Azure products.
