“We are delighted to welcome DRG and Sentinel into the Novetta family as their specialized software and solutions add niche capabilities to our analytics offerings that have already been gaining market momentum and increased adoption. The acquisitions also enable expansion into new customer sets,” Novetta CEO Peter B. LaMontagne said in a statement. “And more importantly, from an employee and cultural perspective, DRG and Sentinel will be a great fit inside Novetta.”
Boston, Mass.-based DRG designs and develops software and technology solutions for government and commercial clients to support the collection, processing and exploitation of multi-intelligence data.
“DRG’s web-enabled data fusion software provides a disruptive and scalable solution to cross domain multi-int command and control challenges; this approach is particularly helpful as enterprises struggle with increasing numbers and types of data feeds with volumes that are expanding exponentially,” Novetta Chief Data Scientist Kris Heim said. “We look forward to incorporating DRG capabilities into our offerings.”
The data analytics firm Sentinel uses applied statistical techniques to identify patterns, trends and relationships.
“Sentinel has proven solutions in compliance and risk analytics, leveraging predictive modelling, computational network analysis, and advanced text analytics,” Sentinel President Rob Wavra said. “Joining Novetta will allow us to expand our unique, high-performance capabilities in the advanced data analytics market. We are truly excited to join the Novetta team.”
Terms of the transactions were not released.
KippsDeSanto & Co. was the sellside investment banker for Digital Results Groups, Inc.
The McLean Group was the sellside investment banker for Sentinel Applied Analytics LLC.
The group also advised SigInt in its acquisition by Novetta in August.