The data analytics company NuWave Solutions on Thursday said it has acquired cloud-based data analytics solutions provider BigBear Inc., adding to its capabilities in this area and bringing franchise positions in the Defense Department and intelligence community.
Terms of the deal were not disclosed. BigBear, which is 12-years old and is based in San Diego, has about 80 employees, equal to NuWave’s total.
NuWave, which is based in Northern Virginia, is a portfolio company of the private equity firm AE Industrial Partners (AEI), which acquired the data analytics company in June (Defense Daily, June 22). The acquisition of BigBear is the first by NuWave.
Acquisitions are part of AEI’s growth model for its portfolio companies.
“When AEI invested in NuWave earlier this year, we stated our commitment to build a world-class advanced analytics and artificial intelligence platform, and the addition of BigBear is a great first step in that journey,” Jeffrey Hart, principal at AEI, said in a statement. “We remain focused on adding more companies with specialized technology that complement NuWave’s existing capabilities and expand its roster of premier government customers.”
NuWave is led by Reggie Brothers, a former Peraton executive and head of the Department of Homeland Security’s Science and Technology Directorate during a part of the Obama administration.
“BigBear’s data and analytics solutions bolster our existing capabilities to address the entire spectrum of information superiority,” Brothers said in a statement. “Making better decisions from data while mitigating risk is a top priority for our government customers, and we look forward to working with the BigBear team as we supplement our capabilities to meet growing demand.”
On its website, BigBear says it specializes “in big data computing and analytics, cloud computing, artificial intelligence, machine learning, geospatial information systems, data mining and systems engineering.” The company provides private cloud stacks to customers, saying that its solutions offer a 60 percent savings over cloud services provided by Amazon [AMZN] and Alphabet’s [GOOGL] Google.
BigBear also has offices in Northern Virginia and Charlottesville, Va.
Frank Porcelli, BigBear’s CEO, and Brian Levy, the company’s chief technology officer, will remain with the company.
“This partnership enables us to diversity our capabilities across a broad collection of mission partners and commercial markets, allowing us to offer our customers differentiated, end-to-end solutions,” Levy said in a statement.
BigBear’s financial adviser on the deal was Baird and Ernst & Young advised NuWave.