DMI to expand IoT offering through Lochbridge acquisition
Detroit-based Lochbridge focuses on IoT solutions for the automotive, healthcare, financial services and manufacturing sectors.
DMI, a global provider of end-to-end mobility solutions, has acquired Detroit-based Lochbridge, a provider of IoT solutions to the automotive, healthcare, financial services and manufacturing sectors.
The two companies said they will help organizations across several industries to use mobility and digital solutions to better serve their end customers.
Lochbridge was a pioneer in developing and deploying connected car solutions, growing quickly within the automotive and manufacturing space. The company also has expertise in additional industries such as financial services, public sector and healthcare.
With this new acquisition, DMI said it aims to help clients expand the types of devices they rely on to engage customers, enable their employees, drive operational efficiencies and create new revenue opportunities.
“Organizations across industries are actively seeking new ways to engage their customers wherever, whenever and however they want and to monetize those interactions. DMI’s acquisition of Lochbridge is a natural extension of our mission to help our customers win in a connected world. With our depth in mobility, commerce, analytics and modernizing platforms for the connected world, we are well positioned to be the partner of choice for our customers on this journey,” Jay Sunny Bajaj, DMI founder and CEO, said.
“Lochbridge has focused on digital innovation and our ability to engineer a connected world. Through connectivity, extraction and analytics, we create a ‘sixth sense’ into businesses and products,” Romil Bahl, Lochbridge president and CEO, said.
DMI has expertise in mobile strategy, UX, web, and app development, omni-channel commerce, brand and marketing, big data management and analytics, and secure device and app management. The company has its headquarters in Bethesda. Outside the U.S, DMI has presence in Sweden, Spain, the U.K, Inda, Cambodia,