Michael Lustbader, a partner of Arlington Capital, said, "We are committed to building Novetta into a world class national security company focused on providing transformational solutions and proprietary technology that address the country's most significant mission priorities. We are extremely pleased to welcome partners Raj Nanavati and Samir Nanavati along with the rest of the IBG team. The impressive company they have built is a strategic complement to Novetta's portfolio of big data analytics, SIGINT, information operations and cyber security capabilities."
IBG co-founder and partner Samir Nanavati concluded, "Most importantly, joining forces is great for our customers and employees—the Novetta approach to solving national security challenges through innovative, multi-disciplinary solutions reflects well the IBG tradition that has made us successful to date."
Following the acquisition, IBG will be known as IBG, A Novetta Solutions Company, and will continue to be led by Raj Nanavati and Samir Nanavati. Terms of the transaction were not released. Houlihan Lokey was the financial advisor to IBG on the transaction.
About Novetta Solutions
Novetta Solutions (Novetta) was created to address the country's most pressing National Security needs by utilizing a combination of organic and acquisition growth to deliver technology-rich software and IT services to the National Security Community. Novetta means "10 to the 27th power" or a billion, billion, billion and reflects the companies' big data heritage and ability to solve massive problems. For more information, please visit www.novetta.com.
|SOURCE Novetta Solutions, LLC|
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