Novetta makes deal for WaveStrike, creates new division
Novetta has added new capabilities in software engineering, data analytics and technology solutions and created a new division through the acquisition of WaveStrike.
Terms of the deal were not disclosed. Annapolis Junction, Maryland-based WaveStrike is focused on national security customers, an area Novetta also isinvolved in.
Novetta CEO Tiffanny Gates described the deal as complementary. “The synergy between our programs positions us for larger-scale opportunities and reinforces us a top destination for technical talent,” she said.
WaveStrike leaders -- President and CEO Anne Wagner and Vice President and Chief Technology Officer Mike Wagner -- will transition to Novetta and continue to lead the business as a new division of the company. WaveStrike is now the analytic capabilities division of Novetta.
"Looking at Novetta, it is what we imagined WaveStrike to be when we grew up," Wagner said.
The deal closed June 10. Baird served as the exclusive financial adviser to WaveStrike.
For the Carlyle Group-backed Novetta, this is its first deal since the November 2018 acquisition of Berico Technologies. Carlyle acquired Novetta in 2015.
Posted by Nick Wakeman on Jun 15, 2020 at 11:51 AM