AUSTIN, Texas - TelAve -- Alchemy Technology Group, a cybersecurity advisory, consulting, and reseller firm and a portfolio company of Avance Investment Management, has acquired Freeit Data Solutions, Inc., an Austin-based provider of data management, infrastructure, and cybersecurity solutions.

The acquisition enhances Alchemy's presence in Texas. It strengthens its capabilities across security and compliance, hybrid cloud, backup and protection, storage and hyperconvergence, virtual desktop infrastructure, data archiving, and consulting services. Freeit's strong focus on state, local, and education customers deepens Alchemy's ability to serve SLED organizations while extending its reach across enterprise and midsize commercial businesses.

"Freeit has always focused on helping customers manage, support, and secure their data with solutions that fit their environments and goals. Joining Alchemy gives us the resources and broader expertise to support more of those needs while continuing to serve customers with the team and relationships they know. We are excited about what this next chapter creates for our customers and employees."

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- Wayne Orchid, President, Freeit Data Solutions

For more than 16 years, Freeit has helped customers across Texas navigate complex public-sector procurement and channel requirements, including DIR-supported business and key distribution relationships. Together, Alchemy and Freeit will create a stronger platform for SLED customers seeking modern infrastructure, data protection, and security solutions.

"This transaction was a pleasure to be a part of; we wish both parties all the best moving forward."
- Haden Buckman, Associate Transaction Director, Benchmark International

Americas: Sam Smoot at +1 (813) 898 2350/ Smoot@BenchmarkIntl.com

Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com

Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com

ABOUT BENCHMARK INTERNATIONAL:

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled transactions across various industries from offices across the world. With decades of M&A experience, Benchmark International's transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network, as well as the #1 Sell-side Privately Owned M&A Advisor in the World by PitchBook's and Refinitiv's Global League Tables.

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Website: http://www.benchmarkintl.com
Blog: https://www.benchmarkintl.com/insights