Exiger has acquired data science company XSB to expand its portfolio of proprietary data and artificial intelligence tools with the addition of the latter’s suite of purchasing, design, engineering analytics and sustainment intelligence platforms used by program executive offices, logistics and acquisition professionals.
“This acquisition is in response to a growing number of customers who are eager to bring the power of AI to pain points like depot maintenance, category management, parts obsolescence, parts alternatives, price defensibility, and supply chain optimization, and want to be able to access these capabilities within Exiger’s centralized platform,” Exiger President Carrie Wibben said in a statement published Wednesday.
XSB uses a group of AI-based applications designed to turn unstructured data into actionable intelligence and offers a catalog spanning 100 million parts and 400 million parts attributes used by the federal government. Government agencies, combatant commands and organizations within the defense industrial base use the company’s graph database.
Engineers, catalogers and item managers use XSB’s suite of products to mitigate risks from declining supply sources and nonconfirming parts and help prevent supply chain interruptions.
“XSB’s dataset and cutting-edge AI capabilities will help our government customers increase speed, efficiency and execution, while reducing counterfeit loss, manufacturing costs, research time and the impact of out-of-date parts,” added Wibben.
Exiger’s financial and legal advisers in the deal were Union Square Advisors and Sidley Austin, respectively.
In July, Exiger acquired Versed AI and software supply chain risk visibility platforms provider aDolus Technology.
