WASHINGTON, December 22, 2020 / PRNewswire / – NuWave Solutions (“NuWave”), a leading provider of data management, advanced analytics, artificial intelligence, solutions and cloud technologies to the federal government, today announced the acquisition of ProModel Government Services (or the “Company”) from ProModel Corporation. ProModel Government Services is an agile provider of critical predictive and prescriptive analytics software solutions for decision support to the Department of Defense and the United States Government. Terms of the transaction were not disclosed.
This is the second acquisition by NuWave since its acquisition by AE Industrial Partners, LP (“AEI”) in june 2020, following its acquisition of BigBear earlier this month. AEI is a private equity firm specializing in the aerospace, defense and government services, power generation and specialty industry markets.
For more than 25 years, ProModel Government Services has designed innovative and adaptable software solutions based on custom models to visualize complex and disparate data, synchronize operational needs, mitigate risk and optimize resources to support strategic and tactical decisions of the government. Department of Defense and other federal agencies. Government agencies. The company’s technological solutions provide near real-time situational awareness of the current environment and a predictive view of the future environment based on today’s decisions. Its solutions operationalize and automate disparate data and business processes, dramatically improving customer ‘decision space’ and enabling federal government organizations to make quick and informed decisions that have a direct impact on current readiness. and future of defense.
“It is essential that the Department of Defense and other government organizations not only make the best decisions for today, but also have the tools to accurately predict the impact of those decisions on future plans. . ProModel Government Services is uniquely qualified to assist federal government agencies in their decision making and to help ensure that their processes are more efficient and resources are better managed, ”said Dr. Reggie Brothers, CEO of NuWave. “The technologies and methodologies developed by ProModel Government Services are best in class, and NuWave is delighted to welcome them to our growing family of companies. ”
“This is an exciting opportunity for our team to join NuWave, an advanced analysis company focused on national security that fully understands the unique challenges and opportunities of our industry,” said Carl Napoletano, Senior Vice President and General Manager of ProModel Government Services. “Being part of NuWave will provide us with better support and additional solution offerings, which will benefit both our customers and our employees. “
“The deep intimacy of ProModel Government Services’ mission and its ability to create technology-driven solutions for their clients is incredibly impressive,” said Jeffrey hart, director at AEI. “When we initially partnered with NuWave, we set out to create a platform focused on information and decision dominance, and ProModel Government Services significantly contributes to our vision and value proposition.”
“We believe that the combination of ProModel Government Services and NuWave provides government organizations and business customers with proven methodologies and technologies that can reduce risk by increasing confidence in their predictive decision making,” said Kirk konert, Partner at AEI. “As a recognized leader in analytical technology solutions, we are proud that NuWave is well positioned to assist leading national security agencies in making critical decisions and planning for the future.
Akerman LLP served as legal counsel and Ernst & Young LLP served as financial advisor to NuWave. Klehr Harrison Harvey Branzburg LLP served as legal counsel and Baird was financial advisor to ProModel Corporation.
Based in the Washington DC metropolitan area, NuWave is a leading provider of data management, advanced analytics, artificial intelligence, machine learning and cloud solutions that provide anticipatory intelligence and decision support solutions and technologies advanced to the federal government. NuWave provides innovative and personalized solutions through the development, selection and integration of advanced technologies. NuWave has unparalleled expertise in advanced technologies throughout the data analysis and management lifecycle and applies its expertise and teamwork to empower clients to solve complex problems, communicate and manage information. For more information, please visit https://www.nuwavesolutions.com/.
About ProModel Government Services
ProModel Government Services is an agile provider of critical predictive and prescriptive analytics software solutions for decision support to the Department of Defense and the United States Government. For more than 25 years, ProModel Government Services has designed innovative and adaptable software solutions based on custom models to visualize complex and disparate data, synchronize operational needs, mitigate risk and optimize resources to support strategic and tactical decisions of the government. Department of Defense and other federal agencies. Government agencies.
About AE’s industrial partners
AE Industrial Partners is a private equity firm specializing in the aerospace, defense and government services, power generation and specialty industry markets. AE Industrial Partners invests in market-leading companies that can benefit from its in-depth industry knowledge, operational experience and relationships across all of its target markets. AE Industrial Partners is a signatory of the United Nations Principles for Responsible Investment. Learn more about www.aeroequity.com.
Lambert & Cie.
SOURCE NuWave Solutions