Xcelerate Solutions, a defense and national security company backed by McNally Capital, has acquired Columbia, Maryland-based clearAvenue, a provider of software development and maintenance, business intelligence and analysis, AI/ML, big data analytics, infrastructure and cloud services for federal agencies.
“This acquisition marks a significant step forward in our technical capabilities,” said Mark Drever, CEO of Xcelerate. “We’ve always had a solid foundation in digital transformation, but clearAvenue lets us take it to the next level. clearAvenue is one of the few companies with demonstrated past performance qualifications in AI and machine learning.”
The combined company will operate as Xcelerate Solutions, offering a mission-first portfolio of secure solutions for the federal government. Its team of about 1,500 technology professionals delivers digital solutions, cybersecurity, enterprise vetting and critical infrastructure protection services focused on mission success. Xcelerate’s expanded capabilities and contract portfolio position it for continued diversification and growth across defense, law enforcement, national security and civilian agencies throughout the federal government.
“From day one, our goal was to create technology solutions that make a real difference,” said Dr. Srinivas Kankanahalli, clearAvenue CTO and vice president of engineering, “Partnering with Xcelerate allows us to scale that mission in ways we never imagined. We’re energized by the alignment and look forward to this new chapter.”
Xcelerate plans to capitalize on the combined strengths of both companies, foster a mission-first culture, align leadership, and crystallize its go-to-market portfolio to best serve federal clients in the coming months.
This is Xcelerate Solutions’ third acquisition since McNally Capital’s investment in the company, following its 2024 acquisitions of VMD and General Dynamics Information Technology’s background investigation assets.