Press Releases | Page 7 | OceanSound Partners

Transaction AnnouncementJune 23, 2022Lynx Software Technologies Receives Strategic Investment from OceanSound Partners

Lynx Software Technologies (“Lynx”), a developer of open architecture software solutions for mission critical embedded systems, today announced it has received a strategic investment from affiliates of OceanSound Partners, LP (“OceanSound”), a private equity firm that invests in technology and technology-enabled services companies serving government and enterprise end markets. Based in San Jose, California, Lynx...

Portfolio Company UpdateApril 5, 2022DMI Announces the Acquisition of Aurotech

DMI, a global provider of digital transformation services, announced today that it has acquired Aurotech, a provider of data science and engineering services to the federal civilian and healthcare communities. The acquisition adds to DMI’s extensive portfolio of transformation services, deepens its technical capabilities in data & analytics, and broadens its customer base in high...

Portfolio Company UpdateMarch 17, 2022Netrix Acquires Digital Solutions Provider Edrans in Move to Expand Its Global Cloud Offerings

Netrix, award-winning provider of cybersecurity and end-to-end IT services, announced today the acquisition of Edrans, a solutions provider focused on harnessing the power of the cloud for midsize enterprise clients. The acquisition brings substantial scale to Netrix’s cloud solutions portfolio and adds advanced technical capabilities to better serve the company’s growing global customer base. Joining...

Portfolio Company UpdateFebruary 24, 2022RMA Group of Companies Announces the Acquisition of CSI Services

RMA Group of Companies (“RMA”), a portfolio company of OceanSound Partners, today announced that it has acquired Coating Specialists and Inspection Services, Inc. dba CSI Services, Inc. (“CSI”), a specialty coating inspection services business based in Santa Clarita, CA. Following the previously announced merger with Western Technologies (“WT”), the acquisition of CSI is RMA’s second transaction...

Firm UpdateFebruary 8, 2022OceanSound Partners Closes $780 Million Inaugural Fund

NEW YORK–(BUSINESS WIRE)–OceanSound Partners (“OceanSound”), a growth-oriented private equity firm that invests in technology and technology-enabled services companies serving government and enterprise end markets, today announced the final close of its inaugural fund, OceanSound Partners Fund, LP (the “Fund”), with $780 million in total capital commitments. The Fund closed substantially above its target of $550...

Portfolio Company UpdateJanuary 20, 2022RMA Announces Merger with Western Technologies

RMA Group of Companies (“RMA”), a portfolio company of OceanSound Partners, today announced that it has merged with Western Technologies, Inc. and Enviro-Drill, Inc. (collectively, “Western Technologies” or “WT”) to create a leading provider of technology-enabled laboratory testing, inspection, and quality management services for critical infrastructure end-markets. Ed Lyon, RMA’s President and CEO, will lead...

Portfolio Company UpdateJanuary 19, 2022DMI Appoints Rocky Thurston as Chief Operating Officer

DMI, a global digital transformation solutions company, announced today that Rocky Thurston has joined as Chief Operating Officer. Thurston was previously at Peraton, where he was President of Citizen Security and Public Services. At DMI, Rocky will lead operations and program delivery excellence to drive strategic growth across the commercial and federal segments. “DMI has...

Portfolio Company UpdateJanuary 18, 2022Netrix Acquires BTB Security, a Provider of Cybersecurity and Digital Forensics Solutions

Netrix, LLC, a leading provider of managed and professional IT services, today announced the acquisition of BTB Security, a cybersecurity and digital forensics solutions company. The acquisition strategically expands Netrix’s managed security portfolio and its ability to deliver sophisticated cybersecurity consulting services to small and mid-sized enterprise clients. Financial terms of the transaction were not...

Transaction AnnouncementJanuary 18, 2022CFM Secures Strategic Investment from OceanSound Partners

CFM, a software business driving transformation in retail banking, today announced that it has received a strategic investment from OceanSound Partners (“OceanSound”), a private equity firm investing in technology and technology-enabled services companies serving government and enterprise end markets. CFM will continue to operate under the leadership of the existing management team, led by CEO...

Portfolio Company UpdateJanuary 12, 2022Netrix Announces Appointment of Russell P. Reeder as CEO

Netrix, LLC (“Netrix” or the “Company”), a leading provider of managed and professional IT and cybersecurity solutions, today announced the appointment of Russell P. Reeder as Chief Executive Officer of Netrix. Reeder, who previously served as Executive Chairman of Netrix’s Board of Directors, joins from Infrascale, a cloud-based data protection, backup and disaster recovery solution...

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