NuWave Solutions announced on Tuesday its acquisition of ProModel Government Services, a leading provider of mission critical predictive and prescriptive analytic software solutions to the U.S. government, for an undisclosed amount.
“ProModel Government Services is uniquely qualified to help federal government agencies with their decision making, ensure that their processes are more efficient and their resources are better managed,” said Dr. Reggie Brothers, CEO of NuWave and GovCon Expert.
“The technologies and methodologies developed by ProModel Government Services are best in class. NuWave is excited to welcome them into our growing family of companies,” Brothers added.
ProModel Government Services provides near real-time awareness of the strategic landscape of the federal marketplace. Its solutions significantly enhance the “decision space” for federal agencies to make rapid and well informed decisions that shift the daily landscape through the use of data and best business processes.
“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,” said Carl Napoletano, SVP and GM of ProModel Government Services. “Being part of NuWave will provide us with greater support and additional solution offerings, which will benefit both our customers and employees alike.”
ProModel Government Services has built innovative model-based software solutions to visualize complex data, synchronize operational needs as well as support strategic and tactical decisions for the Department of Defense (DoD) and other federal agencies for more than 25 years.
Ernst & Young LLP served as the financial advisor to NuWave while Baird served as financial advisor for ProModel Government Services, under the ProModel Corporation.
“There is a strong strategic focus on companies that operate in data intensive environments, helping the government make better decisions in real time.” said Jean Stack, managing director for Baird and a 2019 Wash100 Award winner. “NuWave has done a great job in focusing on companies that have high-end, advanced analytics capabilities with its acquisitions of BigBear and now ProModel Government Services.”
Following AE Industrial (AEI) Partners’ acquisition of NuWave Solutions back in June 2020, this marks the second acquisition NuWave has made after also acquiring BigBear on Dec. 4th to advance its capabilities in big data computing and analytics, cloud computing, artificial intelligence, machine learning, geospatial information systems and systems engineering.
