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On September 9, Harmonia Holdings Group, LLC announced that it has received a strategic growth investment from funds affiliated with Madison Dearborn Partners, LLC (MDP). As part of this investment, Damon Griggs and Jon Brooks, formerly executive partners of MDP’s technology and government team, are joining Harmonia’s executive team, with Griggs as chief executive officer (CEO) and chairman of the Harmonia Board of Directors and Brooks serving as chief business and legal officer.
Harmonia’s co-founders, Pallabi Saboo and Jai Saboo, will retain significant ownership positions in the company and will continue to be involved in the business as strategic advisors, with Pallabi also serving on Harmonia’s board. Anil Patibandla will continue as Harmonia’s president, and Dr. Marc Abrams, also a co-founder, will continue as its chief technology officer (CTO).
Pallabi Saboo and Jai Saboo commented, “Through our new partnership with MDP, Damon and Jon, Harmonia will have the resources to build expertise and develop leadership roles to accelerate its growth strategy, which we expect will deliver many benefits to our customers and employees. We are proud of what we have accomplished together with Marc, Anil and the rest of our colleagues at Harmonia, and we are excited to begin this new chapter of Harmonia’s growth journey. We firmly believe that Damon is the right person to take Harmonia to the next level, while still preserving our employee-first culture, which has led to industry-leading innovation, agility, and customer responsiveness.”
Harmonia delivers advanced technologies to help federal government customers harness the power of data to ensure mission success. The company utilizes Agile and DevSecOps approaches to modernize its clients’ software and systems and enhance their AI/ML, cybersecurity, data, and cloud modernization capabilities. Harmonia has achieved strong growth over the past two decades by consistently investing in innovation and talent.
“Jon and I have been partnered with Matt, Brandon, and the MDP team for the past several years and we have been following Harmonia’s success for almost a decade. We are looking forward to working with Pallabi, Jai, and the entire Harmonia team to accelerate its journey to become the premier digital solutions provider for the federal government,” said Griggs. “Today marks the start of an exciting new chapter for our business, our clients, and our employees. The Harmonia team will remain focused on helping our federal government customers to more effectively support their mission through the use of emerging technologies.”
Source: Madison Dearborn Partners
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