Government Business

NuWave Solutions Acquires ProModel Government Services

NuWave Solutions | December 23, 2020

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

Spotlight

Related News

Emerging Technology

Euna Solutions Announces Technology Partnership with Pavilion to Fast Track Procurement for State and Local Government

Businesswire | August 16, 2023

Euna Solutions, a leading provider of purpose-built, cloud-based solutions for the public sector, today announced a new technology partnership with Pavilion, the leading search platform across the largest network of cooperative contracts for the public sector. Under the partnership, Euna Procure, powered by Bonfire, will be integrated with the Pavilion platform, delivering a seamless experience to find, use, and share cooperative contracts and fast-track the procurement process. Euna Procure is a complete set of eProcurement solutions for the public sector. It features the largest and fastest growing supplier network consisting of more than 700,000 suppliers. By integrating with the Pavilion platform, public sector procurement teams will now have access to more than 100,000 shareable contracts from over 400+ national and regional purchasing cooperatives, states, and local public entities. Access to this robust database will make the process of finding cooperative and piggybackable contracts substantially more efficient by allowing users to quickly identify existing contracts they can use to purchase compliantly without a new solicitation process. Other benefits of the Euna/Pavilion integration include: • Time and money savings: Within Euna Procure, users can seamlessly access shareable contracts. Piggybacking on a competitively solicited contract from a peer public entity reduces the administrative costs of running a new solicitation, which for some public entities can be more than $80,000. Shareable contracts can also provide access to more competitive pricing. • Internal and external collaboration: The integration allows agencies to more easily share contracts with other members within their agency, as well as with other agencies around the country. This provides procurement professionals greater access to public contracts, improving both internal and external collaboration. • Integrated workflows: Once procurement managers have identified the right contracts in the database, they will be able to easily reference them and invite suppliers to participate in new solicitations. “We are very excited about our integration with Pavilion as it will empower our customers to leverage their peers’ experience by accessing the nation’s largest network of shareable contracts,” said James Ha, Chief Growth Officer at Euna Solutions. “Partnerships like this help our customers promote responsible sourcing and efficient outcomes that improve communities.” “As public entities look to do more with less, we’re developing new ways to support procurement professionals in doing their most critical work,” said Mariel Reed, co-founder and CEO at Pavilion. “This partnership creates a more seamless experience for Euna Procure users to find, use and share contracts with other public entities so they can deliver better, faster services and drive greater impact for their communities.” About Euna Solutions Euna Solutions is a leading provider of purpose-built, cloud-based solutions that power critical administrative functions and financial operations for the public sector. Formerly GTY Technology, Euna Solutions offers easy-to-use solutions for procurement, payments, grant management, budgeting, permitting and K-12 administration that are proven to increase operational efficiency, transparency, collaboration, and compliance. Euna Solutions is a trusted partner to more than 2,000 government and public sector organizations across North America, empowering digital transformation and streamlining business processes while enabling higher levels of citizen access, engagement and satisfaction. About Pavilion Pavilion is purpose-built to help you work smarter by providing access to the largest network of shareable contracts from across the country – for free – with one simple search. Find the right contract for you, whether it’s from your neighbor’s filing cabinet or a national purchasing cooperative. Expedite your due diligence and connect with the right supplier to get a fast response and hands-on support.

Read More

Emerging Technology, Infrastructure

Clarius Named by Government of Canada as One of the Country’s Global Hypergrowth Companies

Businesswire | July 25, 2023

Clarius Mobile Health, a leading provider of high-definition handheld ultrasound systems, has been selected by the Government of Canada to participate in the new Global Hypergrowth Project (GHP), powered by the Federal Ministry of Innovation, Science, and Economic Development. GHP is designed to help the country’s most promising scale-up companies to further fuel their growth with the support of a team of experts with extensive public and private sector experience. “Canada wins when cutting-edge companies keep operations, profits, and jobs here at home. And when they scale up around the world, they signal that Canada is open for business,” said Minister Mary Ng. “With the Global Hypergrowth Project, we're doubling down on Canada's most promising firms, to help them scale up, from here.” Clarius has an ambitious mission to improve patient care globally and reduce healthcare costs by enabling clinicians to instantly look into a patient’s body to confidently diagnose disease and enhance procedural safety. The company was the first to develop a high-definition pocket-size wireless ultrasound scanner that works with an app on Apple and Android smart devices. Since Clarius began selling its ultrasound scanners in 2016, more than 20,000 clinicians have used them performing more than 3.8 million scans. Clarius currently employs over 150 people at its headquarters, an innovation center and manufacturing facility in Vancouver, British Columbia. “We share the government of Canada’s goal to build a vibrant, local medical technology community and we’re extremely honoured to be one of a select few innovative companies in Canada chosen to participate in the Global Hypergrowth Project,” said Clarius CEO Ohad Arazi. “Having our government’s support for funding, international expansion, access to government procurement projects, and more will help rapidly accelerate our growth. Our team is energized to be recognized as one of Canada’s 15 most promising companies!” Minimum criteria for participation in the GHP include: annual revenues of $30 million; 40% gross margin; 30% revenue compound annual growth over the last three years; and headquarters in Canada with at least 60% employees based in the country. Clarius underwent a rigorous selection process to demonstrate its ability to execute on growth ambitions and prove its potential to seize opportunities for global leadership and to create and maintain highly-skilled jobs in Canada. Clarius was selected by a volunteer panel of notable Canadian business leaders appointed by Innovation Canada. Clarius is the only ultrasound company to offer 10 AI-powered models of handheld ultrasound scanners designed for a broad range of medical specialists including orthopedic surgeons, aesthetic clinicians, emergency physicians, and veterinarians. About Clarius Mobile Health Clarius is on a mission to make accurate, easy-to-use, and affordable ultrasound tools available to all medical professionals in every specialty. With decades of experience in medical imaging, the team knows that great ultrasound imaging improves confidence and patient care. Today, Clarius handheld wireless ultrasound scanners connect to iOS and Android devices, delivering high-resolution ultrasound images traditionally only available with bulkier, high-end systems at a fraction of the cost. Three million high-definition scans have been performed using Clarius wireless handheld scanners. Clarius scanners are available in over 90 countries worldwide. Learn more at www.clarius.com.

Read More

Emerging Technology, Cybersecurity

IMB Partners Has Made a Strategic Investment in GovCon Provider eTelligent Group

PR Newswire | July 24, 2023

IMB Partners ("IMB"), a leading middle market private equity firm specializing in utility, industrial, and government contracting services ("GovCon"), today announced its strategic investment in eTelligent Group ("eTel"), a premier provider of emerging technologies and program management solutions to the U.S. Government. Founded in 2005, eTel has been leading the enterprise-wide transformation of critical business systems by managing the implementation and engineering of emerging technologies. Today, the company delivers digital transformation services primarily to the Internal Revenue Service ("IRS"), utilizing capabilities that include agile software development, DevSecOps, IT Program Management Office (PMO), cybersecurity, web services, and big data. eTel has become a principal thought leader and solutions evangelist to the IRS, now positioned as the second-most active prime contractor on the IRS IT-EPMSS BPA contract vehicle. "We are excited to hit the ground running with the highly-skilled and experienced team of professionals at eTel," says Norman Yu, Director at IMB Partners. "The eTel team has laid some very impressive groundwork, and IMB sees a great opportunity to grow, diversify, and strengthen the business both inside and outside of the IRS. eTel is the partner we have been looking for, and we are ready to roll up our sleeves with eTel and further our commitment to serving the GovCon sector." With IMB's investment, eTel will be able to dedicate additional resources to professionally scale the overall organizational infrastructure and capabilities to undertake larger contracts. Additionally, this partnership will propel eTel to explore potential acquisitions to help diversify the customer base and build upon existing capabilities to best serve the U.S. Government. "Over the past 18 years, we have built a high performing team of industry leading professionals that are committed to our core company values of serving with excellence," says Ritesh Bansal, Managing Partner of eTel. "The proof is in our customer feedback: we're nimble, more efficient, and more responsive in delivering exceptional service. And now, with this partnership with IMB, we will have the means to extend the same exceptional service to more customers across new categories and invest significantly in building our strategic and operational framework," says Rohit Aggarwal, Managing Partner of eTel. About eTelligent Group eTel provides a proven team of talented IT professionals that provide reliable solutions for business & information technology management and services. eTel delivers IT services, agile and DevOps development, big data services, IT program management, and cyber security services. Working as a trusted partner of the Federal Government, eTel holds itself to the highest industry standards, including CMMI Level 3 and PMBOK. Learn more at etelligent-group.com. About IMB Partners Founded in 2010, IMB is a private equity sponsor focused on investing and partnering with management teams to grow lower middle market companies serving government agencies and electric and gas utilities. IMB believes that diversity is an asset and takes an entrepreneurial approach to building companies of scale. IMB seeks platform investment targets with $10-$250 million in revenue. Learn more at imbpartners.com or connect with us on LinkedIn.

Read More