ARLINGTON, Va.; June 1, 2021- Accenture Federal Services (AFS), a wholly owned subsidiary of Accenture (NYSE: ACN), has entered into an agreement to acquire Novetta, an advanced analytics company serving U.S. federal organizations that are pushing the limits of what’s possible with machine learning, cyber, and cloud engineering.
In fast-changing, high-risk environments, technology advancements and the explosive growth in data challenge traditional ways of operating. Novetta applies insights and disruptive technologies to transform how defense, intelligence, and law enforcement organizations can use data to better meet their mission and empower their workforce.
“Novetta will bring expanded capabilities, broad client relationships, and unique assets that complement our work in the national security sector and add greater scale to our digital capabilities,” said Accenture Federal Services CEO, John Goodman. “By joining forces, we will help clients in all government sectors become leaders in using sophisticated analytics and emerging technologies to solve problems in new ways and transform how they meet their missions.”
Novetta’s 1,300 employees—which include software developers, data scientists, and specialists in AI, machine learning, cyber, cloud, and information exploitation—will join Accenture Federal Services’ over 10,500 employees. Together, they will deliver the next generation of programs to change and improve how the federal government works in the digital domain and be more innovative, agile, and secure.
“I am extremely excited about joining Accenture Federal Services,” said Novetta President and CEO, Tiffanny Gates. “Because of our deep commitment to our staff and customers, it was critical to find the right fit, and AFS is an ideal home. They will provide new growth opportunities for our people, enable expanded capabilities for our customers, and allow us to accelerate our growth trajectory. I couldn’t be more proud of the outcome and I look forward to our future together.”
The completion of the acquisition from the global investment firm The Carlyle Group Inc. is subject to regulatory review and other customary closing conditions. Terms of the transaction were not disclosed.
About Accenture Federal Services
Accenture Federal Services, a wholly owned subsidiary of Accenture LLP, is a U.S. company with headquarter offices in Arlington, Virginia. Accenture’s federal business has served every cabinet-level department and 30 of the largest federal organizations. Accenture Federal Services transforms bold ideas into breakthrough outcomes for clients at defense, intelligence, public safety, civilian and military health organizations. Learn more at www.accenturefederal.com.
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 537,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners, and communities. Visit us at www.accenture.com.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global investment firm with deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit and Investment Solutions. With $260 billion of assets under management as of March 31, 2021, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies and the communities in which we live and invest. The Carlyle Group employs more than 1,800 people in 29 offices across five continents. Further information is available at www.carlyle.com. Follow The Carlyle Group on Twitter @OneCarlyle.
Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied. Many of the following risks, uncertainties and other factors identified below are, and will be, amplified by the COVID-19 pandemic. 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