WASHINGTON DC, December 21, 2020 – NuWave Solutions (“NuWave”), a leading provider of data management, advanced analytics, artificial intelligence, cloud solutions and technologies to the federal government, announced today that it has acquired ProModel Government Services (or “the Company”) from the ProModel Corporation. ProModel Government Services is an agile provider of mission critical predictive and prescriptive analytic software solutions for the Department of Defense, the U.S. military and other federal government agencies. Terms of the transaction were not disclosed.
This is the second acquisition completed by NuWave since being acquired by AE Industrial Partners, LP (“AEI”) in June 2020, and follows its acquisition of BigBear announced earlier this month. AEI is a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets.
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. The Company’s technology solutions provide near real-time situational awareness of the current environment and a predictive view of the future environment based on today’s decisions. Its solutions operationalize and automate disparate data and business processes, significantly enhancing customers’ “decision space” and enabling government organizations to make rapid, informed decisions that directly impact current and future defense readiness.
“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 is best-of-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 dedicated government services technology 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 is a perfect fit for NuWave, furthering our sophisticated decision modeling tools and capability offering, and adding an impressive client base,” said Jeffrey Hart, Principal at AEI. “We’re pleased to support NuWave’s second acquisition this month, and we look forward to identifying additional strategic growth opportunities in the near future.”
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. For more information, please visit https://www.nuwavesolutions.com/.
About ProModel Corporation
ProModel Corporation is a leading provider of technology enabled, predictive analytic decision support solutions. Founded in 1988, ProModel Corporation specializes in custom and off the shelf products to help organizations optimize portfolios, projects, processes and resource decisions that best align with business strategy. For more information, please visit www.promodel.com
About AE Industrial Partners
AE Industrial Partners is a private equity firm specializing in Aerospace, Defense & Government Services, Power Generation, and Specialty Industrial markets. AE Industrial Partners invests in market-leading companies that can benefit from its deep industry knowledge, operating experience, and relationships throughout its target markets. AE Industrial Partners is a signatory to the United Nations Principles for Responsible Investing. Learn more at www.aeroequity.com.