BETHESDA, MD – December 20, 2021 – DMI (“the Company”), a global digital transformation solutions company, today announced the appointment of Chad Sweet to its Board of Directors. Mr. Sweet is the Co-Founder and CEO of The Chertoff Group, a security risk management advisory firm, and brings nearly 30 years of security expertise, technology insights and policy intelligence to the Company’s Board of Directors. In connection with his appointment, MC2, the private equity affiliate of The Chertoff Group, made an equity co-investment as part of DMI’s recapitalization led by OceanSound Partners, LP (“OceanSound”).
Founded in 2009, The Chertoff Group is a recognized leader in security and risk management advisory services, providing commercial and government clients with insights around security technology, global threats, strategy and public policy to enable a more secure world. Before co-founding The Chertoff Group, Mr. Sweet served as the Chief of Staff of the United States Department of Homeland Security (“DHS”). Mr. Sweet began his career in the CIA’s National Clandestine Service and later worked as an investment banker at Morgan Stanley and Goldman Sachs. Mr. Sweet is also a Member of the DHS Homeland Security Advisory Council, an Advisor to the National Cyber Moonshot Project and a frequent commentator on national security issues for CNN, FOX, and CNBC. Mr. Sweet graduated with honors from Columbia University.
“We have worked closely with Chad for many years and are thrilled to welcome him to DMI’s Board of Directors,” said Joe Benavides, Managing Partner of OceanSound. “Throughout his career, Chad has advised many companies serving commercial and government markets on critical security, technology, regulatory, and government affairs matters. We are confident that such experiences will greatly benefit DMI as it continues to create differentiated solutions for both commercial and government customers.”
“DMI has established itself as a trusted partner to commercial and government enterprises,” Mr. Sweet said. “Its digital transformation solutions address complex challenges through a human-centric approach to digital business design, fueling reinvention with next-gen technologies, and transforming clients at scale through global, agile delivery. The Company’s unique and integrated approach to digital transformation has resulted in tremendous growth and continued recognition by industry analysts. I have known the professionals at OceanSound, who invested in DMI, for over a decade and I hold them in the highest regard. I look forward to supporting OceanSound and DMI’s management team as they continue to expand the Company’s capabilities within the commercial and government markets.”
“We welcome Chad as a member of our Board of Directors,” said Jay Sunny Bajaj, Founder and CEO of DMI. “He brings decades of experience in cybersecurity and an extensive background in both government and commercial industries that will help accelerate our growth in these key market segments. We look forward to building a strong partnership with Chad in the years to come as we serve the current and future cybersecurity needs of our clients during critical times.”
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About DMI
DMI is a global technology solutions company that specializes in digital strategy, design, transformation and support. DMI offers solutions for AI and Analytics, Commerce, Customer Experience, Cloud Platforms, Application Development, Mobile and Cybersecurity. Born digital, DMI has been delivering mission-critical, enterprise grade solutions for over a hundred Fortune 1000 enterprises and all fifteen U.S. Federal Executive Departments. For more information on DMI’s intelligent digital solutions, visit www.dminc.com.
About OceanSound Partners
OceanSound Partners is a New York-based private equity firm that invests 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. For more information, please visit www.oceansoundpartners.com.
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