Arlington portfolio company Novetta acquires International Biometric Group
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Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired International Biometric Group (IBG).
Novetta Solutions, a portfolio company of Arlington Capital Partners, has acquired International Biometric Group (IBG).
Novetta provides advanced, mission critical technology solutions to customers within the national security community and other organisations working with massive quantities of data.
Novetta was established in March 2012 through the merger of White Oak Technologies and FGM. In August, Novetta announced the addition of White Cliffs Consulting (WCC) to the company.
IBG provides identity intelligence services and solutions to both government and commercial clients. Within the biometric identity domain, IBG has expertise in areas such as fingerprint, face and iris recognition, as well as counter-spoofing and non-cooperative collection. In the virtual realm, IBG has developed a suite of proprietary solutions, including analysis platforms and technology databases.
Novetta chief executive Peter B. LaMontagne says: "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 says: "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, says: "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."
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.
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