{"id":26060,"date":"2022-10-27T19:21:26","date_gmt":"2022-10-27T19:21:26","guid":{"rendered":"https:\/\/one.sightlinemg.com\/federaltimes\/uncategorized\/2022\/10\/27\/ambit-a-supplier-of-data-services-to-fema-and-sec-acquired-by-dmi\/"},"modified":"2026-08-08T05:01:33","modified_gmt":"2026-08-08T05:01:33","slug":"ambit-a-supplier-of-data-services-to-fema-and-sec-acquired-by-dmi","status":"publish","type":"post","link":"https:\/\/one.sightlinemg.com\/federaltimes\/govcon\/2022\/10\/27\/ambit-a-supplier-of-data-services-to-fema-and-sec-acquired-by-dmi\/","title":{"rendered":"Ambit, a supplier of data services to FEMA and SEC, acquired by DMI"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">DMI, a supplier of software and services to companies and governments, agreed to acquire <a href=\"https:\/\/www.theambitgroup.com\/\" target=\"_blank\">Ambit Group<\/a>, a provider of data analytics, cybersecurity and support services to U.S. federal agencies.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The acquisition will further enhance DMI\u2019s product offerings and expand its portfolio of customers and contract vehicles in high priority federal markets, the Bethesda, Maryland-based company said in a statement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Terms of the transaction were not disclosed.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Ambit, founded in 2004, has clients within the federal financial, national security, and federal science communities including the Securities &amp; Exchange Commission, the <a href=\"https:\/\/www.fema.gov\/\" target=\"_blank\">Federal Emergency Management Agency<\/a> and the Consumer Financial Protection Bureau.<\/p>\n\n\n\t<aside class=\"smg-interstitial-link wp-block-smg-interstitial-link\">\n\t\t<a href=\"https:\/\/one.sightlinemg.com\/federaltimes\/govcon\/2014\/12\/19\/agencies-and-industry-prepare-for-new-contract\/\" class=\"smg-interstitial-link__inner\">\n\t\t\t\t\t\t\t<div class=\"smg-interstitial-link__media\">\n\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"148\" src=\"https:\/\/one.sightlinemg.com\/wp-content\/uploads\/2026\/08\/635546052263812813-eagle-ii-prepjpg.jpg?w=300\" class=\"smg-interstitial-link__image wp-post-image\" alt=\"\" \/>\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"smg-interstitial-link__content\">\n\t\t\t\t<span class=\"smg-interstitial-link__kicker\">Related<\/span>\n\t\t\t\t<h3 class=\"smg-interstitial-link__title\">Agencies and industry prepare for new contract<\/h3>\n\t\t\t\t\t\t\t\t\t<p class=\"smg-interstitial-link__excerpt\">While waiting for the Homeland Security Department&#039;s next IT acquisition vehicle to become fully operational, agencies and businesses are preparing for takeoff.<\/p>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/a>\n\t<\/aside>\n\t\n\n\n<p class=\"wp-block-paragraph\">\u201cDemand for IT modernization services leveraging the latest digital innovation and capabilities has never been greater,\u201d said Sunny Bajaj, founder and CEO of DMI, in the statement. \u201cWith this addition, we combine Ambit\u2019s comprehensive data management, analytics, and cybersecurity services with our cross-industry, digital transformation expertise to help drive the next generation of digital government.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Founded in 2002, DMI provides enterprise consulting, transformation and managed services to government and commercial customers through agile software development and engineering services that combine business strategy, domain specific knowledge, and technical expertise.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It\u2019s owned by <a href=\"https:\/\/oceansoundpartners.com\/\" target=\"_blank\">OceanSound Partners<\/a>, a New York-based private equity firm that invests in technology and technology-enabled services companies serving government and enterprise end-markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Clients include the Securities &#038; Exchange Commission, the Federal Emergency Management Agency and the Consumer Financial Protection 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