McLean federal contractor buys Pa.-based software company
NuWave Solutions acquires ProModel Government Services
McLean-based federal technology contractor NuWave Solutions LLC announced Tuesday it has acquired Allentown, Pennsylvania-based software company ProModel Government Services.
Financial terms of the acquisition were not disclosed.
This marks NuWave’s second acquisition since it was acquired by Boca Raton, Florida-based private equity firm AE Industrial Partners LP in June. Earlier in December, NuWave announced its purchase of BigBear Inc., a cloud-based big data analytics firm in San Diego.
Founded more than 25 years ago, ProModel Government Services provides custom model-based, defense-readiness-focused software for the Department of Defense and other federal government agencies.
“ProModel Government Services is uniquely qualified to help federal government agencies with their decision making and help ensure that their processes are more efficient and resources are better managed,” NuWave CEO Reggie Brothers said in a statement. “The technologies and methodologies developed by ProModel Government Services are best in class, and NuWave is excited to welcome them into our growing family of companies.”
Founded in 1999, NuWave Solutions offers data management, analytics, artificial intelligence and cloud technology services to government and business clients.
“It’s an exciting opportunity for our team to join NuWave, a national security focused advanced analytics company that deeply understands the unique challenges and opportunities of our sector,” Carl Napoletano, ProModel Government Services senior vice president and general manager, said in a statement. “Being part of NuWave will provide us with greater support and additional solution offerings, which will benefit both our customers and employees alike.”
NuWave used Akerman LLP as its legal adviser and Ernst & Young LLP as its financial adviser during the transaction. Klehr Harrison Harvey Branzburg LLP served as legal adviser to ProModel, while Baird served as the financial adviser.