Accenture Federal Services completes Novetta acquisition
McLean-based Novetta will be part of its national security portfolio
Arlington-based Accenture Federal Services, a subsidiary of Fortune Global 500 professional services company Accenture, has completed its acquisition of Novetta, a McLean-based advanced analytics company, the two companies announced Thursday.
The financial terms of the deal, first announced in June, were not disclosed.
The acquisition will add a national security portfolio to AFS’ business, according to the company, and Novetta President and CEO Tiffanny Gates will lead the division. The deal adds 1,300 Novetta workers, including software developers, data scientists and specialists in machine learning, cyber cloud and information exploitation to AFS’ 11,000-person workforce.
“Our combined company brings the scale and power of Accenture Federal Services’ digital capabilities together with Novetta’s ability to solve the government’s toughest mission challenges with precision,” Accenture Federal Services CEO John Goodman said in a statement. “We look forward to delivering the next-generation of solutions that today’s missions and times demand.”
Novetta was a subsidiary of The Carlyle Group, the Washington, D.C.-based private equity firm where Virginia GOP gubernatorial candidate Glenn Youngkin was co-CEO until his retirement last year. Carlyle purchased Novetta in 2015 from Arlington Capital Partners.
“I’m tremendously excited about my role as senior managing director of this new segment of Accenture Federal Services’ business,” Gates said in a statement. “Our disruptive technologies combined with Accenture Federal Services’ ability to deliver federal innovation at scale are highly complementary and will play a major role in meeting our clients’ mission needs.”
The new division will provide expertise in analytics, intelligence expertise, cloud engineering and cyber services.