NuWave Solutions Acquires BigBear

NuWave Solutions ("NuWave"), a main supplier of information the executives, progressed investigation, man-made consciousness, cloud arrangements and innovations to the government, reported today that it has procured BigBear Inc. ("BigBear" or "the Company"), a main supplier of cloud-based large information investigation answers for the national security community inside the U.S. Government. Terms of the exchange were not uncovered.

This is the principal procurement finished by NuWave since being obtained by AE Industrial Partners, LP ("AEI") in June 2020. AEI is a private value firm work in Aerospace, Defense and Government Services, Power Generation, and Specialty Industrial business sectors.

Established in 2008, BigBear has practical experience in large information registering and investigation, distributed computing, man-made reasoning, AI, geospatial data frameworks, information mining and frameworks designing to clients in the U.S. safeguard and knowledge networks. The Company joins far reaching innovation arrangements with its BigBear Platform to make totally private, secure, and one of a kind cloud conditions that assists associations with empowering large information figuring, AI and improved dynamic while better overseeing hazard. BigBear has some expertise in helping clients figure out their information by conveying the most progressive tweaked information investigation arrangements accessible today. BigBear is settled in San Diego, California, with extra workplaces in Reston, Virginia and Charlottesville, Virginia.

"BigBear's data and analytics solutions bolster our existing capabilities to address the entire spectrum of information superiority," said Dr. Reggie Brothers, CEO of NuWave. "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."

"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," said Frank Porcelli, who will remain with the Company.  "We are enthusiastic for the opportunities we can pursue together moving forward."

Brian Levy, President and CTO of BigBear, who will also remain with the Company added, "This partnership enables us to diversify our capabilities across a broad collection of mission partners and commercial markets, allowing us to offer our customers differentiated, end-to-end solutions."

"When AEI invested in NuWave earlier this year, we stated our commitment to build a world-class advanced analytics and artificial intelligence platform, and the addition of BigBear is a great first step in that journey," said Jeffrey Hart, Principal at AEI. "We remain focused on adding more companies with specialized technology that complement NuWave's existing capabilities and expand its roster of premier government customers."

"Predictive technologies and data analytics are critical in helping government organizations reduce risk and identify opportunities," said Kirk Konert, Partner at AEI. "We believe NuWave is well positioned to take advantage of these growing demands."

Akerman LLP filled in as lawful counsel and Ernst and Young LLP filled in as monetary counselor to NuWave. Lord and Spalding LLP and Foundry General Counsel, PLLC filled in as legitimate guides and Baird filled in as monetary counselor to BigBear.

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 U.S. 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 BigBear

BigBear, Inc. is a leading provider of cloud-based, big data and analytics solutions for government customers, helping them make sense of big data. The Company specializes in big data computing and analytics, cloud computing, artificial intelligence, machine learning, geospatial information systems, data mining and systems engineering.