M&A Deal Summary

BigBear.ai Acquires BigBear.ai

On December 3, 2020, BigBear.ai acquired information technology company BigBear.ai

Acquisition Highlights
  • This is BigBear.ai’s 1st transaction in the Information Technology sector.
  • This is BigBear.ai’s 1st transaction in the United States.
  • This is BigBear.ai’s 1st transaction in Virginia.

M&A Deal Summary
Date 2020-12-03
Target BigBear.ai
Sector Information Technology
Buyer(s) BigBear.ai
Deal Type Add-on Acquisition
Advisor(s) King & Spalding (Legal)

Target

BigBear.ai

Reston, Virginia, United States
BigBear.ai is a 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. BigBear.ai is based in Reston, Virginia.

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Buyer(S) 1

Buyer

BigBear.ai

Columbia, Maryland, United States
Category Company
Founded 1988
Sector Information Technology
Employees480
Revenue 155M USD (2023)
DESCRIPTION

BigBear.ai provides artificial intelligence-powered decision intelligence solutions. It offers national security, supply chain management, and digital identity and biometrics solutions. The company also provides data ingestion, data enrichment, data processing, artificial intelligence, machine learning, predictive analytics, and predictive visualization solutions and services. It serves nation defense and intelligence agencies, border protection, transportation security, manufacturing, distribution and logistics, travel, entertainment, and tourism sectors. BigBear.ai was founded in 1988 and is based in Columbia, Maryland.

DEAL STATS #
Overall 1 of 3
Sector (Information Technology) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 3
Year (2020) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-22 ProModel Government Services

Allentown, Pennsylvania, United States

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. ProModel Government Services is based in Allentown, Pennsylvania.

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Company

Legal