Novetta Solutions Acquires International Biometric Group
Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired International Biometric Group. Novetta provides technology solutions to customers within the National Security community and other organizations working with massive quantities of data. Novetta was established in March 2012 through the merger of White Oak Technologies, Inc. and FGM, Inc. In August, Novetta announced the addition of White Cliffs Consulting (WCC) to the company.
Novetta CEO Peter B. LaMontagne commented, "In welcoming IBG to the Novetta family, we gain a new set of strategically significant capabilities and technical solutions in the emerging field of identity intelligence, the nexus of biometrics and virtual identity management. And for our employees we can now offer career opportunities that span the full spectrum of cutting edge technical challenges, from Big Data and cyber security to social media and gaming, all in a national security context."
IBG co-founder and partner Raj Nanavati stated, "Over the past 15 years IBG has pioneered the field of identity intelligence. We look forward to continuing this groundbreaking work by combining our expertise with Novetta's capabilities in data analytics and identity resolution to enable high speed solutions that link attributes, actions and actors across multiple domains and missions on an Internet-level data scale."
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.
Citybizlist Partner News
- Rosenberg Martin Greenberg, LLP - Should Technology Reinvent the Classroom?
- Merritt Properties - Greater Baltimore Board of Realtors Signs Lease for Office Space at Merritt’s Timonium Center
- MacKenzie - MacKenzie Commercial Real Estate Recap - April 27th - May 10th, 2013
- St. John Properties - Bill Holzman Promoted to VP, Retail Leasing for St. John Properties