Axis Group

Canaccord Genuity Advises Leading Data & Analytics Consultancy Axis Group on its Sale to DigitalNet.ai

Canaccord Genuity has advised leading data and analytics consultancy Axis Group on its sale to DigitalNet.ai, a newly formed leader in enterprise artificial intelligence solutions. In addition to Axis Group, DigitalNet.ai has acquired Harmonics AI and Zillion Technologies to establish a secure, scalable, end-to-end enterprise AI solutions provider. Under the leadership of renowned technology entrepreneur Dr. Ken Bajaj, DigitalNet.ai aims to redefine the enterprise AI landscape by empowering organizations to tackle their most complex challenges with persona-based agentic AI. The company provides secure, scalable, end-to-end AI solutions, integrating deep expertise in data analytics, digital transformation, and cybersecurity with its advanced enterprise AI platform to accelerate transformation for commercial and government clients.

Axis Group is a leading data and analytics consultancy that partners with enterprise and mid-market clients to build, modernize, and manage data programs that drive measurable business outcomes. The company delivers a full stack of solutions spanning data strategy, platform modernization, and Analytics-as-a-Service (AaaS), underpinned by proprietary technologies, including HELIX®, an end-to-end analytics enablement platform, and Vortex™, an AI-powered data migration accelerator. Axis Group’s tech-enabled approach allows clients to modernize their data ecosystems rapidly and leverage next-generation platforms, such as Microsoft Fabric, to unlock faster time to value and ongoing performance gains.

Founded in 1996 and established in New Jersey, Axis Group has built a strong reputation across regulated industries – including health and life sciences, industrial and high tech, and financial services – where organizations face massive data challenges and legacy technology debt. The company’s highly tenured team of onshore experts has completed hundreds of successful engagements and maintains deep partnerships with leading cloud and data platforms.

Through its proprietary JanusAI™ agentic platform and a unified set of services in digital transformation, data analytics, and cybersecurity, Digitalnet.ai empowers organizations to harness the power of AI securely, responsibly, and at scale. Headquartered in Bethesda, Maryland, the company operates nine worldwide offices across the United States, and in Asia, Canada, and Europe.

With 1,150 professionals worldwide, including more than 300 AI and data specialists, DigitalNet.ai unites three founder-owned businesses with highly complementary capabilities: Harmonics AI’s JanusAI™ agentic platform, Zillion’s digital transformation capabilities and cybersecurity expertise, and Axis Group’s data analytics and business intelligence services, supporting a roster of tier-1 clients across commercial and federal sectors. Together, the merger of Axis Group, Zillion Technologies, and Harmonics AI gives DigitalNet.ai the breadth and depth to deliver end-to-end AI solutions that are tailored to specific vertical markets – from financial services and healthcare to government and energy. Founders of all three acquired companies are retaining meaningful equity stakes in DigitalNet.ai.

DigitalNet.ai was formed through a partnership between Dr. Bajaj and Ulysses Management, a New York–based private investment firm. Widely regarded as one of the most successful technology services entrepreneurs of the past four decades, Dr. Bajaj has founded and scaled market-leading IT platforms at the onset of every major technology adoption curve – from networking, e-commerce, mobile, and cloud to now enterprise AI. His career began as a leader of EDS alongside H. Ross Perot, subsequently founding companies including AppNet, iNet, DigitalNet, and DMI, which were built in partnership with top-tier financial sponsors, such as GTCR and Goldman Sachs, creating billions of dollars of equity value.

Ulysses Management LLC is a New York-based private investment firm. Ulysses is the successor to Odyssey Partners, the pioneering hedge fund founded in 1982 by Jack Nash and Leon Levy and led by Joshua Nash today. The private capital group of Ulysses focuses on middle-market businesses across end-markets, partnering with founders and executives to build long-term value.