Sale to Novetta, Inc.

Technology & Services
Sale to Novetta, Inc.

Summary

Baird served as exclusive financial advisor to Berico Technologies, LLC on this transaction

About

Berico Technologies, LLC (“Berico” or the “Company”) has been acquired by Novetta, Inc. (“Novetta”), a portfolio company of The Carlyle Group (“Carlyle”) (NASDAQ: CG). Terms of the transaction were not disclosed.

Founded in 2006, Berico delivers innovative, technology-enabled cloud engineering, data analytics, and IT modernization solutions to customers in the Intelligence Community (IC). Berico customers include the Defense Intelligence Agency (DIA), National Media Exploitation Center (NMEC), and National Geospatial-Intelligence Agency (NGA). The Company is headquartered in Reston, Virginia.

Novetta’s acquisition of Berico illustrates the following themes in Government Services M&A: market priority for companies with differentiated capabilities in cloud, data analytics, and software development; strong interest in expanding market presence across the Intelligence Community; and execution of private equity buy and build strategies.

Novetta specializes in advanced analytics solutions that extract clarity from complex data, delivering actionable intelligence at speed and scale to address challenges of national and global significance. Focused on mission success, Novetta has pioneered disruptive technologies in data analytics, full-spectrum cyber, media analytics, and multi-INT fusion for Defense, Intelligence Community, and Federal Law Enforcement customers. Novetta is headquartered in McLean, Virginia with over 780 employees across the United States.

The Carlyle Group is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents. Carlyle is headquartered in Washington, D.C.
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Technology & Services
Sale to Novetta, Inc.
Date
November 2018
Company
Berico Technologies, LLC
Transaction
M&A
Sectors
Technology & Services
Target Location
North America
Acquiror Location
North America

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