BETHESDA, MD – May 16, 2023 – DMI, a global digital transformation solutions company, today announced that Rocky Thurston has been appointed Chief Executive Officer. Rocky succeeds Sunny Bajaj, the company’s founder, who served as Chief Executive Officer since 2002 and will remain on DMI’s board of directors. Rocky joined DMI as Chief Operating Officer in January 2022 and has worked closely with Sunny to oversee the strategic development, operations, and growth initiatives of the company since that time.
This appointment follows a strategic transformation, including a series of recent acquisitions, which better positions DMI to serve its government and commercial customers. Over the past year, DMI has completed important growth initiatives to expand the company’s digital solutions and managed services offering, leveraging disruptive commercial technologies to accelerate growth with government and commercial clients, making this the right time to transition the executive leadership position. Among these activities, Rocky has been pivotal in the acquisition and integration of three complimentary businesses, including, most recently, Simplex Mobility, a leading provider of asset and expense management software. Prior to joining DMI, Rocky held leadership positions at Peraton, Accenture, and Lockheed Martin, among others, where he gained valuable experience in general management, business development, and merger and acquisition activities across government and commercial sectors.
“It is an honor to step into the CEO role at DMI,” said Rocky Thurston. “I am deeply grateful to Sunny for his invaluable contributions in establishing this remarkable organization. As we move forward, we will build upon our strong foundation and deep talent pool to help our clients continue to improve customer experience, business workflows and decrease operating costs. Together, we will continue to innovate, drive value for our clients, and shape the future of our industry.”
“It has been a privilege to build and lead DMI since its founding 21 years ago. Since OceanSound’s investment, we have substantially transformed the company and positioned DMI for even greater success,” said Sunny Bajaj. “We are fortunate to have had Rocky as our COO, an exceptional partner, who has proven his leadership abilities and now I am delighted to pass the baton to him as DMI’s new CEO. Rocky’s strategic vision, operational acumen, and deep understanding of our company’s values make him the ideal candidate to take DMI to the next level. I look forward to supporting Rocky and the rest of the management team in my new role.”
Joe Benavides, Managing Partner at OceanSound, commented: “The market for digital transformation solutions, especially the companies leveraging commercial technology to disrupt the government end market, has long been a priority investment area for OceanSound. Since our investment in October 2021, DMI has increased its technology differentiation, substantially improved its business development maturity and surpassed our growth expectations while materially enhancing its operational discipline. We are confident Rocky’s leadership will further accelerate the efforts initiated under Sunny’s leadership and are grateful for Sunny’s desire to continue supporting the company from his role on the company’s board of directors.”
About DMI
DMI, an OceanSound Partners portfolio company, is a leading global provider of digital services working at the intersection of public and private sectors. With broad capabilities across IT managed services, cybersecurity, cloud migration and application development, DMI provides on-site and remote support to clients within governments, healthcare, financial services, transportation, manufacturing, and other critical infrastructure sectors. DMI has grown to over 2,100+ employees globally and has been continually recognized as a Top Workplace in both regional and national categories. www.DMInc.com
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. For more information, please visit: www.oceansoundpartners.com.
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