Investment Summary

OceanSound Partners and MC2 Security Fund Invest In DMI

On October 26, 2021, private equity firms OceanSound Partners and MC2 Security Fund invested in information technology company DMI

Investment Highlights
  • This is OceanSound Partners’ 3rd and MC2 Security Fund’s 1st transaction in the Information Technology sector.
  • This is OceanSound Partners’ 4th and MC2 Security Fund’s 1st transaction in the United States.
  • This is OceanSound Partners’ 1st and MC2 Security Fund’s 1st transaction in Virginia.

Investment Summary

Date 2021-10-26
Target DMI
Sector Information Technology
Investor(s) OceanSound Partners
MC2 Security Fund
Deal Type Growth Capital
Advisor(s) Baird (Financial)
Jones Day (Legal)

Target

DMI

McLean, Virginia, United States
Digital Management's corporate headquarters in Bethesda, Maryland.
Digital Management's corporate headquarters in Bethesda, Maryland.
DMI is a global technology solutions company that specializes in digital strategy, design, transformation, and support. The company offers solutions for AI and analytics, commerce, customer experience, cloud platforms, application development, mobile, and cybersecurity. DMI was formed in 2002 and is based in McLean, Virginia.

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Investor(S) 2

Investor

OceanSound Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2018
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

OceanSound Partners is a private equity firm that makes control investments in technology and technology-enabled services companies serving government and enterprise end markets. The Firm seeks situations where it can be a hands-on investor, helping partner companies with its experience in supporting growth initiatives. OceanSound Partners was formed in 2018 and is based in New York City.


DEAL STATS #
Overall 4 of 11
Sector (Information Technology) 3 of 5
Type (Growth Capital) 2 of 5
State (Virginia) 1 of 1
Country (United States) 4 of 11
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-28 RMA Companies

Rancho Cucamonga, California, United States

RMA Companies delivers technology-enabled laboratory testing, inspection, and quality management services for critical public and private infrastructure assets across diverse government and commercial end markets, including transportation, healthcare, power, and water. The Company’s team of engineers, geologists, inspectors, and technicians helps infrastructure asset owners and engineering and construction companies maintain compliance with strict regulatory and operating requirements through a range of geotechnical, environmental, and materials testing services. RMA Companies was formed in 1962 and is based in Rancho Cucamonga, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Kinective

Gilbert, Arizona, United States

Kinective is a developer of middleware and application software solutions for the retail banking end-market, serving nearly 2,500 banks and federal credit unions. Kinective was founded in 2006 and is based in Gilbert, Arizona.

Buy -
DESCRIPTION


DEAL STATS #
Overall 1 of 2
Sector (Information Technology) 1 of 1
Type (Growth Capital) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-05 Trustwave

Chicago, Illinois, United States

Trustwave is a cybersecurity company that reduces cyber risk and fortifies organizations against disruptive and damaging cyber threats. The company's comprehensive offensive and defensive cybersecurity portfolio detects what others cannot, responds with greater speed and effectiveness, optimizes its client’s cyber investment, and improves security resilience. It is an analyst-recognized leader in managed detection and response (MDR), managed security services (MSS), cyber advisory, penetration testing, database security, and email security. Trustwave was formed in 1995 and is based in Chicago, Illinois.

Buy -