Digital Management Holdings (DMI), a digital transformation company, has received a strategic investment from private equity firm OceanSound Partners.
The size of the investment was not disclosed, but the capital will help DMI accelerate its market expansion and go-to-market initiatives.
As part of the deal, DMI will continue to operate under its current management team, which is led by founder and CEO Jay Sunny Bajaj.
Speaking in the deal, Bajaj said, “This investment underscores the prime position that DMI occupies in the market and is a tremendous validation of the Company’s long-term growth potential. Marrying our technology capabilities and customer relationships with the financial strength and network of OceanSound makes us even stronger and strategically positions DMI to be the leader during this period of extraordinary digital disruption.”
Founded in 2002, DMI develops digital transformation and managed mobility services for commercial and government customers. Its features include e-commerce optimisation, mobile app development, data science delivery, application modernisation and more. DMI also offers a host of cybersecurity tools, including online protections, and response and recovery.
Its services are used by over 200 clients, including federal, state and local government agencies, as well as automotive, consumer and retail, financial services and healthcare businesses.
OceanSound partner and co-founder Joe Benavides said, “Sunny and the team have done a remarkable job building DMI brick by brick and were very prescient to focus on digital, mobile-first transformation solutions for government and commercial customers around the world.”
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