Mobility solutions company DMI announced Monday the acquisition of Detroit-based Lochbridge, a provider of IoT solutions to the automotive, healthcare, financial services and manufacturing sectors.
Through proven deployments for some of the most ambitious adopters of connectivity, Lochbridge has enabled more than $1.5 billion in new annual revenues for its clients. Together, the companies will help organizations across industries rethink how they use mobility and digital solutions to better serve their end customers.
As the companies enter an era where there will be 50 billion connected devices, the knowhow to connect and operate across the Internet of Things will be critical to how companies compete.
Built to reinvent business through mobility, DMI has offerings 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’s unique, integrated approach to mobility has resulted in growth as well as an expanding client base, which includes commercial clients and all fifteen U.S. Federal Departments.
Lochbridge has delivered business solutions for connecting devices. The company was a pioneer in developing and deploying connected car solutions, growing quickly within the automotive and manufacturing space. Lochbridge has since brought its depth of experience and learning to additional industries such as financial services, public sector and healthcare. Lochbridge is a critical acquisition as DMI continues to partner with its clients to conceive and deliver a new breed of connected services. With the advent of IoT, DMI 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.
Together, DMI and Lochbridge have helped some global brands create new service offerings leveraging their connected vehicles and advanced analytics, including Tennant Company, Covenant Transport, and five of the top automotive OEMs in the world.
“Organizations across industries are actively seeking new ways to engage their customers wherever, whenever and however they want and to monetize those interactions,” said Jay Sunny Bajaj, DMI founder and CEO. “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.”
“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,” said Romil Bahl, Lochbridge president and CEO. “This excites customers with new connected experiences and delivers new sources of revenue and cost savings. What excites me is that DMI and Lochbridge together represent the world’s only mobility + IoT + digital services company, underpinned by best-in-class analytics.”