WaveStrike Is Acquired by Novetta

Technology & Services

WaveStrike acquisition by Novetta, a portfolio company of The Carlyle Group


Summary

WaveStrike LLC (“WaveStrike” or the “Company”) has been acquired by Novetta, a portfolio company of The Carlyle Group (NASDAQ-GS:CG).

Baird served as exclusive financial advisor to WaveStrike LLC on this transaction.

About

WaveStrike utilizes leading edge technologies in cloud and data analytics enabled by advanced techniques in software development and DevOps to solve complex challenges for the National Security community. The Company has a suite of capabilities including agile software development, big data analytics, cloud computing, and data visualization. The Company specializes in improving the speed and quality of analysis and decision-making to solve customers' most challenging problems and enable mission impact. WaveStrike is headquartered in Annapolis Junction, Maryland.

Novetta’s acquisition of WaveStrike illustrates the following buyer priorities in Government & Defense M&A: differentiated positioning in the Intelligence Community, technology-enabled capabilities applied in data intensive environments, strong cultural compatibility and alignment, and private equity-backed companies executing an inorganic growth strategy.

Novetta delivers scalable advanced analytic and technical solutions to address challenges of national and global significance. Focused on mission success, Novetta pioneers disruptive technologies in machine learning, data analytics, full-spectrum cyber, cloud engineering, open source analytics, and multi-INT fusion for Defense, Intelligence Community, and Federal Law Enforcement customers. Novetta is headquartered in McLean, Virginia with over 1,200 employees across the United States.

The Carlyle Group is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit and Investment Solutions. With $217 billion of assets under management as of March 31, 2020, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and communities. The Carlyle Group is headquartered in Washington, District of Columbia.
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Technology & Services

WaveStrike acquisition by Novetta, a portfolio company of The Carlyle Group

Date
June 2020
Company
WaveStrike LLC
Transaction
M&A
Sectors
Technology & Services
Verticals
Defense & Government
Target Geography
North America
Acquiror Geography
North America

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