Alchemy Technology Group Acquires Freeit Data Solutions
The Houston-based firm absorbs an Austin IT provider to expand its cybersecurity and public sector service capacity.
Updated on Oct. 28, 2026 in Cybersecurity
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Houston-based Alchemy Technology Group has acquired Austin-based Freeit Data Solutions to bolster its cybersecurity and IT service offerings. The integration of the 16-year-old firm aims to expand Alchemy's regional presence and state-level client reach.
Why it matters
The acquisition represents a strategic move by Alchemy Technology Group, a portfolio company of Avance Investment Management, to scale its cybersecurity advisory and reseller operations into a national platform through targeted consolidation.
Freeit Data Solutions brings 16 years of operational history in IT and cybersecurity solutions to the Alchemy Technology Group platform. This acquisition adds significant specialized technical depth for serving state, local, and education sectors.
The players
Alchemy Technology Group
A cybersecurity advisory and consulting firm that aggregates service providers into a national platform.
Freeit Data Solutions
An Austin-based IT and cybersecurity provider with 16 years of experience in the Texas market.
Avance Investment Management
A private equity firm with offices in New York and Miami that manages Alchemy Technology Group.
The details
Alchemy Technology Group operates as a cybersecurity advisory and reseller firm, integrating acquired entities into a centralized services platform. By absorbing Freeit Data Solutions, the company gains technical infrastructure specifically designed for IT and security consulting. This move is backed by Avance Investment Management to standardize service delivery across a larger geographic footprint.
Timeline
October 28, 2026: Alchemy Technology Group acquired Freeit Data Solutions.
The Tech Race
This deal mirrors the broader industry trend of private equity-backed consolidation among managed security service providers. Alchemy Technology Group is positioning itself to compete for larger state and education-sector contracts by scaling its regional presence.
Existing clients of Freeit Data Solutions will transition into the Alchemy Technology Group platform, potentially gaining access to a broader suite of advisory and reseller services. The immediate impact is limited to organizational restructuring, with no service interruptions announced.
The takeaway
This merger signals an aggressive push by Houston-based firms to dominate the Texas IT advisory landscape. Stakeholders should watch for further acquisitions as Alchemy attempts to aggregate regional expertise into a unified national security platform.
Further reading
Learn more about the latest developments in the sector via Cybersecurity.
Source note: This article includes information reported by Morningstar.
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