Accenture Federal Services (AFS) Completes Acquisition of Novetta
Accenture Federal Services has successfully acquired Novetta, enhancing its capabilities in advanced analytics and cybersecurity. This acquisition introduces a new National Security portfolio, adding around 1,300 specialists to Accenture's workforce of 11,000. The integration aims to leverage Novetta's expertise in AI, machine learning, and cloud solutions to support defense and intelligence missions. Financial terms were not disclosed. The leadership of the new portfolio will be under Novetta's CEO, Tiffanny Gates, who anticipates significant collaboration with Accenture's existing digital capabilities.
- Addition of 1,300 skilled professionals in AI and cybersecurity.
- Formation of a new National Security portfolio enhancing defense capabilities.
- Increased operational scale for Accenture in addressing mission-critical challenges.
- None.
Accenture Federal Services (AFS), a subsidiary of Accenture (NYSE: ACN), has completed its acquisition of Novetta, a McLean, Virginia-based advanced analytics company. AFS announced its intent to acquire Novetta on June 1, 2021.
Novetta applies insights and disruptive technologies including artificial intelligence, machine learning, cyber, cloud, and information exploitation to transform how defense, intelligence, and law enforcement organizations use data to better meet their missions and empower their workforces.
With the acquisition, AFS adds a new National Security portfolio to its business to be led by Novetta President and CEO Tiffanny Gates. This portfolio will provide the highly specialized, mission solutions that clients turn to for expertise in the converging domains of analytics, intelligence expertise, cloud engineering, and cyber.
“I’m tremendously excited about my role as senior managing director of this new segment of Accenture Federal Services’ business,” said Tiffanny Gates. “Our disruptive technologies combined with Accenture Federal Services’ ability to deliver federal innovation at scale are highly complementary and will play a major role in meeting our clients’ mission needs.”
The acquisition adds approximately 1,300 people, including software developers, data scientists, and specialists in machine learning, cyber, cloud, and information exploitation to AFS’ 11,000 person workforce.
“Our combined company brings the scale and power of Accenture Federal Services’ digital capabilities together with Novetta’s ability to solve the government’s toughest mission challenges with precision,” said Accenture Federal Services CEO, John Goodman. “We look forward to delivering the next-generation of solutions that today’s missions and times demand.”
Financial terms of the acquisition from global investment firm Carlyle Group (NASDAQ: CG) were not disclosed.
About Accenture Federal Services
Accenture Federal Services, a wholly owned subsidiary of Accenture LLP, is a U.S. company headquartered 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
About Accenture
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 569,000 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.
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