NuWave Solutions acquires San Diego-based analytics company
McLean-based tech contractor buys BigBear Inc.
McLean-based federal technology contractor NuWave Solutions LLC announced Thursday it has acquired BigBear Inc., a cloud-based big data analytics firm in San Diego.
Financial terms of the transaction were not disclosed. This marks NuWave’s first acquisition since it was acquired by Boca Raton, Florida-based private equity firm AE Industrial Partners LP in June.
Founded in 2008, BigBear specializes in big data computing and analytics, cloud computing, artificial intelligence, machine learning and other IT services for U.S. defense and intelligence customers. The company has additional offices in Reston and Charlottesville.
“BigBear’s data and analytics solutions bolster our existing capabilities to address the entire spectrum of information superiority,” NuWave Solutions CEO Reggie 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.”
Founded in 1999, NuWave Solutions offers data management, analytics, artificial intelligence and cloud technology services to government and business clients.
“NuWave is building a unique business and we are excited to be a part of a larger company that shares the same culture of innovation and mission focus,” BigBear CEO Frank Porcelli, who will remain with the company, said in a statement. “We are enthusiastic for the opportunities we can pursue together moving forward.”
NuWave used Akerman LLP as a legal adviser and Ernst & Young LLP as a financial adviser during the transaction, while BigBear used King & Spalding LLP and Foundry General Counsel and Baird, respectively.