GOVERNMENT BUSINESS

NuWave Solutions Acquires ProModel Government Services

NuWave Solutions | December 23, 2020

NuWave Solutions Acquires ProModel Government Services
NuWave Solutions ("NuWave"), a main supplier of information the executives, progressed analytics, man-made consciousness, cloud solutions and innovations to the Federal Government, reported today that it has obtained ProModel Government Services (or "the Company") from ProModel Corporation. ProModel Government Services is a coordinated supplier of strategic prescient and prescriptive analytic software solutions for choice help to the Department of Defense and U.S. Government. Terms of the exchange were not unveiled.

This is the subsequent securing finished by NuWave since being gained by AE Industrial Partners, LP ("AEI") in June 2020, following its procurement of BigBear recently. AEI is a private value firm spend significant time in Aerospace, Defense and Government Services, Power Generation, and Specialty Industrial business sectors.

For over 25 years, ProModel Government Services has fabricated inventive and versatile custom model-based software solutions to envision mind boggling and unique information, synchronize operational requirements, moderate hazard and advance assets to help vital and strategic choices for the Department of Defense and other Federal Government offices. The Company's innovation solutions give close to constant situational familiarity with the current climate and a prescient perspective on the future climate dependent on the present choices. Its solutions operationalize and robotize divergent information and business measures, altogether improving clients' "choice space" and empowering Federal Government associations to make fast, educated choices that straightforwardly sway current and future guard status.

"It's critical that the Department of Defense and other government organizations not only make the best decisions for today, but also have the tools to accurately predict how those decisions will impact future plans. 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," said Dr. Reggie Brothers, CEO of NuWave. "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."

"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, Senior Vice President and General Manager 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' deep mission intimacy and ability to create technology-driven solutions for their customer is incredibly impressive," said Jeffrey Hart, Principal at AEI. "When we initially partnered with NuWave, we set out to create a platform focused on information and decision dominance, and ProModel Government Services significantly contributes to our vision and value proposition."

"We believe the combination of ProModel Government Services and NuWave provides government organizations and commercial customers proven methodologies and technologies that can reduce risk by increasing confidence in their predictive decision making," said Kirk Konert, Partner at AEI. "As a recognized leader in analytical technology solutions, we are proud that NuWave is well positioned to assist leading national security agencies when making critical decisions and planning for the future."

Akerman LLP served as legal advisor and Ernst & Young LLP served as financial advisor to NuWave. Klehr Harrison Harvey Branzburg LLP served as legal advisor and Baird served as the financial advisor to ProModel Corporation.

About NuWave

Based in the Washington, D.C. metro area, NuWave is a leading provider of data management, advanced analytics, artificial intelligence, machine learning, and cloud solutions that delivers anticipatory intelligence and advanced decision support solutions and technologies to the Federal Government. NuWave provides innovative, customized solutions through development, selection, and integration of leading technologies. NuWave has unmatched expertise in advanced technologies across the analytics and data management lifecycle and applies its expertise and teamwork to give customers the ability to solve complex problems, communicate, and manage information.

About ProModel Government Services

ProModel Government Services is an agile provider of mission critical predictive and prescriptive analytic software solutions for decision support to the Department of Defense and U.S. Government. For more than 25 years, ProModel Government Services has built innovative and adaptable custom model-based software solutions to visualize complex and disparate data, synchronize operational needs, mitigate risk and optimize resources to support strategic and tactical decisions for the Department of Defense and other Federal Government agencies.

Spotlight

A central strategy for meeting the City of Minneapolis climate action goals is to drive high building performance in the commercial market through energy and water benchmarking and disclosure. This third annual report summarizes the data collection activities, benchmarking results, and analysis for the city’s largest public and private commercial buildings based on building data submissions through August 31, 2015. Commercial and industrial energy use represents 47% of greenhouse gas emissions in Minneapolis. Energy use is a significant source of greenhouse gas emissions, and also the largest controllable operational cost in buildings. The crucial first step in addressing and managing energy use is understanding building energy performance. In 2013, Minneapolis adopted the commercial building benchmarking and disclosure policy (ordinance 47.190) requiring public buildings greater than 25,000 square feet, and private commercial buildings 50,000 square feet and above, to report energy and water performance data to the City annually via the Environmental Pollution Agency’s ENERGY STAR Portfolio Manager. This policy was among a set of strategies laid out in the Minneapolis Climate Action Plan for improving energy efficiency and reducing greenhouse gas emissions.

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