EMERGING TECHNOLOGY
DMI | October 31, 2022
DMI, a global leader in digital transformation services, announced today that it has acquired the Ambit Group LLC ("Ambit"), a leading provider of data analytics, cybersecurity, and mission support services to the U.S. Government. The acquisition will further enhance DMI's comprehensive suite of digital services and expand its portfolio of customers and contract vehicles in high priority federal markets.
Founded in 2004, Ambit delivers next-generation digital transformation services to federal agencies with wide-ranging missions across homeland security, regulatory, and civilian services. Ambit is known for its focus on mission performance improvement and brings vast experience serving clients within the federal financial, national security, and federal science communities including the Securities & Exchange Commission (SEC), Federal Emergency Management Agency (FEMA), and the Consumer Financial Protection Bureau (CFPB), among others.
"Demand for IT modernization services leveraging the latest digital innovation and capabilities has never been greater, With this addition, we combine Ambit's comprehensive data management, analytics, and cybersecurity services with our cross-industry, digital transformation expertise to help drive the next generation of digital government."
-Sunny Bajaj, founder and CEO of DMI.
Founded in 2002 and based in Bethesda, Maryland, DMI provides enterprise consulting, transformation and managed services to government and commercial customers through an integrated suite of agile software development and next-gen engineering solutions that combine business strategy, domain specific knowledge, and technical expertise.
"We are thrilled to begin the next phase of our journey as part of DMI, There is a strong cultural alignment to drive innovative, customer-centric strategies and programs for our clients along with a mutual commitment to our people-first philosophy and values of integrity, diversity, and teamwork. With Ambit's track record of success in this space, coupled with DMI's extensive experience and range of services, this pairing represents an unstoppable force."
-Kim Hayes, co-CEO of Ambit.
About DMI:
DMI, a portfolio company of OceanSound Partners, is a global leader in digital strategy, design, transformation, and support services. We bring together an integrated set of industry and technology solutions that combine both public and private sector expertise to deliver human-centric innovation at scale. Born digital, DMI has been delivering secure, mission-critical technology solutions since 2002 for more than a hundred Fortune 1,000 enterprises, various state and local government agencies and all fifteen U.S. federal departments. DMI has grown to 2,100+ employees globally and has been continually recognized by top industry analysts as a market leader as well as named a Top Workplace in both regional and national categories.
About Ambit:
The Ambit Group designs, deploys, and delivers the next generation of government. Since 2004, Ambit has partnered with federal clients with wide-ranging missions across homeland security, regulatory, federal science, and civilian service to solve the toughest challenges at the heart of the nation's priorities.
About OceanSound Partners:
OceanSound Partners is a New York-based private equity firm that pursues control investments in technology and technology-enabled services companies serving government and enterprise end-markets. OceanSound employs a partnership approach, working closely with founders, entrepreneurs, and executives of middle market businesses to drive transformational growth.
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GOVERNMENT FINANCE
Tyler Technologies | October 12, 2022
Tyler Technologies, Inc. (NYSE: TYL) recently announced that the state of Kansas has extended its contract for Tyler’s award-winning digital government and payments services. The two-year extension builds upon the existing 31-year relationship with Tyler’s subsidiary, NIC
The state of Kansas is honored to be considered the birthplace of eGovernment. In 1990, Kansas passed legislation authorizing the creation of the Information Network of Kansas, Inc (INK). In 1991, INK awarded NIC Kansas the network manager contract and began eGovernment operations, allowing NIC Kansas to become an integral partner of the state over the next three decades. NIC Kansas built Kansas.gov and continues to operate, maintain, and market the website on behalf of the state.
“We are honored by the confidence Kansas has always placed in NIC and thrilled to continue that relationship into the future, Through this partnership, we’re able to make government more accessible via technological innovation and acceleration of digital service delivery, ultimately making life better for Kansas citizens.”
-Nolan Jones, general manager NIC Kansas.
With a focus on innovation, NIC Kansas provides more than 1,000 services to approximately 400 state and local government agencies. Those services include an artificial intelligence chatbot that provides tax assistance, an Alexa app that assists new drivers practicing for their written test available in English and Spanish, and Kansas Business One Stop, a comprehensive portal for individuals looking for help with starting or growing a business.
About Tyler Technologies and NIC:
Acquired by Tyler Technologies (NYSE: TYL) on April 21, 2021, NIC is a leader in digital government solutions and payments, partnering with government to deliver user-friendly digital services that make it easier and more efficient to interact with government. NIC and Tyler are united in their mission to empower public sector entities to operate more efficiently and connect more transparently with their constituents and with each other. Tyler has more than 37,000 successful installations across more than 12,000 locations, with clients in all 50 states, Canada, the Caribbean, Australia, and other international locations. Tyler has been recognized numerous times for growth and innovation, including Government Technology's GovTech 100 list and Forbes' "Most Innovative Growth Companies" list.
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EMERGING TECHNOLOGY, GOVERNMENT BUSINESS, CYBERSECURITY
SkyePoint | September 14, 2022
SkyePoint Decisions, Inc. (SkyePoint) is pleased to announce the purchase of SNR Government IT Services LLC (SNR GITS), a subsidiary of Arrowpoint Corporation of Ashburn, VA, effective September 9, 2022. SkyePoint acquired all assets including its DLA JETS, Army RS3, and Army ITES-3S information technology and cybersecurity services contract vehicles.
SNR GITS, now as a subsidiary of SkyePoint, offers comprehensive information technology services including technical and management expertise supporting applications, software, hardware, infrastructure, and systems in support of Department of Defense (DOD) agencies. As a Division of SkyePoint, SNR GITS will operate as the Defense sector arm for SkyePoint’s continued growth and investment.
“This acquisition reflects SkyePoint’s determined and unrelenting focus on growth and delivering excellence to our federal government customers. Our ability to provide meaningful solutions to Federal agencies, anytime, anywhere now further expands SkyePoint’s reach to the DOD as a Prime contractor. We look forward to working with our technology and industry services partners to deliver SkyePoint’s proven cybersecurity, IT infrastructure, data analytics, and application development solutions.”
-Frank Sturek, President, SkyePoint.
About SkyePoint Decisions:
SkyePoint provides innovative enterprise-wide and targeted solutions for the complex challenges faced by our federal government clients. Our focus is on enabling our client’s ability to deliver their mission – anytime, anywhere, securely as a prime contractor committed to delivery excellence. We combine technical expertise, mission awareness, and an empowered workforce to produce meaningful results. SkyePoint is an established ISO 9001:2015, ISO/IEC 27001:2013, and CMMI for Services Level 3 business with operations across the U.S.
About SNR GITS:
SNR GITS, a division of Arrowpoint Corporation, offers comprehensive IT services including technical and management expertise that supports applications, software, hardware, infrastructure, and systems in support of the Defense Logistics Agency and the Department of the Army. SNR GITS provides services through its Indefinite Delivery / Indefinite Quantity (IDIQ) contract vehicles.
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