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New Deal


Announced

Completed

Oceansound Partners-backed DMI completed the acquisition of Aurotech.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Majority

Domestic

Friendly

Private

IT Services: Other

it services

United States

Completed

Acquisition

Private Equity

Synopsis

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Oceansound Partners-backed DMI, a provider of digital transformation services, completed the acquisition of Aurotech, a provider of data science and engineering services. Financial terms were not disclosed. "Aurotech brings services and expertise in key areas that can accelerate the expansion of our business and our competency in delivering digital transformation services to everyone we serve today and tomorrow. With this addition, we are better positioned to be the partner of choice across our entire client portfolio, and more specifically, the federal healthcare and adjacent civilian agencies being served today. We look forward to growing with our valued customers that trust DMI to help them transform the way the government operates and delivers services to its citizens," Sunny Bajaj, DMI Founder and CEO.

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