Accenture Federal Services, a subsidiary of Accenture (NYSE: ACN), completed the acquisition of Novetta, a McLean, Virginia-based advanced analytics company.
Financial terms of the acquisition from global investment firm Carlyle Group (NASDAQ: CG) were not disclosed.
AFS announced its intent to acquire Novetta on June 1, 2021.
Novetta applies insights and technologies including artificial intelligence, machine learning, cyber, cloud, and information exploitation to improve how defense, intelligence, and law enforcement organizations use data to meet their missions and empower their workforces.
With the acquisition, AFS adds a new National Security portfolio to its business to be led by Novetta President and CEO Tiffanny Gates. This portfolio will provide the specialized, mission solutions that clients turn to for expertise in the converging domains of analytics, intelligence expertise, cloud engineering, and cyber.
The deal adds approximately 1,300 people, including software developers, data scientists, and specialists in machine learning, cyber, cloud, and information exploitation to AFS’ 11,000 person workforce.
Led by CEO John Goodman, Accenture Federal Services is a wholly owned subsidiary of Accenture that transforms ideas into outcomes for clients at defense, intelligence, public safety, civilian and military health organizations. The company has served every cabinet-level department and 30 of the largest federal organizations.
FinSMEs
20/08/2021