M&A Deal Summary

BigBear.ai Acquires ProModel Government Services

On December 22, 2020, BigBear.ai acquired software company ProModel Government Services from ProModel

Acquisition Highlights
  • This is BigBear.ai’s 1st transaction in the Software sector.
  • This is BigBear.ai’s 2nd transaction in the United States.
  • This is BigBear.ai’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2020-12-22
Target ProModel Government Services
Sector Software
Buyer(s) BigBear.ai
Sellers(s) ProModel
Deal Type Divestiture

Target

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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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 2 of 3
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 2 of 3
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 PCI

Columbia, Maryland, United States

PCI is a technology-focused company that provides cybersecurity and CNO, cloud engineering and IT infrastructure, data analytics, and system engineering solutions and services to the federal government and intelligence community. PCI LLC was founded in 2008 and is based in Columbia, Maryland, and with a corporate office and training facility in Lexington, Massachusetts, PCI operates in 14 states and internationally. PCI was founded in 2008 and is based in Columbia, Maryland.

Buy -

Seller(S) 1

SELLER

ProModel

Allentown, Pennsylvania, United States

Category Company
Founded 1988
Sector Software
DESCRIPTION

ProModel is a provider of simulation-based, predictive, and prescriptive analytic decision support solutions. An Autodesk Partner and Microsoft Gold Partner, the company specializes in custom and COTS (Commercial-Off-the shelf) software and services to help organizations optimize processes, policies, and resource decisions to best align with their business strategy. ProModel was founded in 1988 and is based in Allentown, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1