“Our teams both work tirelessly to solve operational problems for our customers. Not only is investing in TMMI a good market fit, it’s a fantastic cultural fit,” said GrayMatter CEO Jim Gillespie.
Pittsburgh, PA — GrayMatter, an industrial technology and consulting company headquarted in Pittsburgh, PA is accelerating its growth plan with the addition of Denver-based TMMI.
One of Pittsburgh’s fastest growing companies, GrayMatter plans to triple in revenue and people over the next few years.
“The market has caught up to what we do and now is the time to capitalize on it,” said GrayMatter CEO and CMU grad Jim Gillespie.
A substantial investment by private equity firm Hamilton Robinson Capital Partners last November has allowed GrayMatter to rapidly expand its efforts to digitally transform industrial operations and empower people in manufacturing, water and energy markets.
Forbes predicts Discrete Manufacturing, Transportation and Logistics, and Utilities will lead all industries in Internet of Things (IoT) spending by 2020, averaging $40B each.
Technical Marketing Manufacturing, Inc. (TMMI) has 25 employees, providing operational technology to customers in Colorado, Utah, New Mexico, Nevada, Wyoming, Arizona, Idaho and Montana. TMMI’s President Mike Karty and GrayMatter CEO Jim Gillespie have known each other for years.
“It’s our turn to be part of a bigger story in the power and momentum of the Industrial Internet. GrayMatter’s investment will give us the financial backing to multiply the success of our invaluable team faster and more innovatively,” said Karty.
“Our teams both work tirelessly to solve operational problems for our customers. Not only is investing in TMMI a good market fit, it’s a fantastic cultural fit,” said Gillespie.
GrayMatter is a technology and consulting company headquartered in Pittsburgh, committed to transforming operations and empowering people in critical infrastructure environments. Winner of Inc.’s Best Places to Work and Fastest Growing Companies for the past two years, GrayMatter is rapidly expanding as GE’s number one software partner.
Headquartered Denver, CO, TMMI is a provider of operational technology hardware and software, for customers in Colorado, Utah, New Mexico, Nevada, Wyoming, Arizona, Idaho and Montana. TMMI is a GE Digital partner serving the Rocky Mountain region as well as a distributor or territory representative for several prominent hardware providers including Turck, Banner, Kollmorgen, GE A&C and Red Lion.