Hartman Executive Advisors

Background

Founded in 2004, Hartman Executive Advisors is an independent technology advisory firm headquartered in Timonium, Maryland. The company specializes in providing executive-level IT strategy, guidance, and governance to mid-market businesses and nonprofits. By not selling or reselling any technology, Hartman ensures unbiased advice, focusing solely on aligning technology investments with clients' business goals.

Key Strategic Focus

Hartman Executive Advisors offers a co-sourced model, allowing clients to leverage a full IT team on an as-needed basis at a fraction of the cost of hiring full-time executives. Their services include CIO services, CISO advisory services, IT strategy management, IT due diligence, process improvement, and strategic planning. The firm caters to various industries, including healthcare, education, government services, manufacturing, and real estate, providing tailored IT solutions that align with each sector's unique challenges and objectives.

Financials and Funding

As of December 2024, Hartman Executive Advisors reported an annual revenue of approximately $15 million. The company has a team of around 84 employees. In April 2020, Hartman secured an angel investment of $350,000 to support its growth initiatives.

Leadership Team

Dave Hartman: Co-Founder, Chief Executive Officer, and President.

Marie Hartman: Co-Founder and Executive Vice President.

Rick Arthur: Chief Information Security Officer and Chief Information Officer.

Jeff Gredlein: Managing Director and Commercial Practice Lead.

Cindy Atkinson: Vice President, Relationship Development, Commercial Practice.

The leadership team comprises seasoned professionals with extensive experience in IT strategy and management consulting, driving the company's mission to provide unbiased technology leadership.

Competitor Profile

Market Insights and Dynamics

The IT consulting industry is highly competitive, with numerous firms offering a range of services from strategic advisory to implementation. Mid-market businesses and nonprofits seek partners who can provide tailored, unbiased advice without the conflict of interest associated with technology reselling.

Competitor Analysis

Hartman Executive Advisors faces competition from several firms, including:

Allyis: Provides technology consulting, staffing solutions, and managed services.

Tunnell Consulting: Offers a wide range of consulting services.

BEROTEC: Provides technology, IT, and management solutions.

Grupo Assessor: Offers software and services solutions for public management.

These competitors vary in size and service offerings, but all operate within the IT consulting and management consulting sectors.

Strategic Collaborations and Partnerships

Hartman Executive Advisors has engaged in partnerships to enhance its service offerings. For instance, the firm collaborated with Nemphos Braue LLC to provide insights on acquisition strategies, demonstrating a commitment to delivering comprehensive advisory services.

Operational Insights

Hartman's co-sourced model and commitment to unbiased advice distinguish it from competitors who may have vested interests in selling specific technologies. This approach allows Hartman to act as a true partner, focusing solely on the client's best interests and aligning technology strategies with business objectives.

Strategic Opportunities and Future Directions

Looking ahead, Hartman Executive Advisors aims to expand its reach by continuing to provide tailored IT strategies across various industries. The firm's focus on unbiased, executive-level guidance positions it well to assist organizations in navigating the complexities of digital transformation and achieving long-term success.