Artificial intelligence and cyber engineering company BigBear.ai has purchased predictive analytics software creator ProModel Corporation.
The Columbia, Maryland-based company said Monday that the acquisition aims to strengthen its appeal in commercial markets due to ProModel’s suite of offerings, including the AutoCAD program.
GovCon Expert Reggie Brothers, CEO of BigBear.ai, explained that ProModel’s client base will also now enjoy the benefits of the former company’s “AI-powered decision support technology.”
“ProModel’s solutions uncover new insights to improve quality and efficiency in manufacturing, distribution, and many other industries, making them a great fit for our commercial strategy,” continued GovCon Expert Brothers, who is also a two-time recipient of the Wash100 Award.
The accretive acquisition follows the company’s December 2020 ProModel Government Services buy, which allowed BigBear to bring their modeling and simulation applications to more federal customers. Now, the companies’ combined forces will expand their private sector scope and lend organizations knowledge about supply chains, market behaviors, equipment maintenance, capacity strategy and process efficiency.
All ProModel partners and staff members will join BigBear.ai’s team.
ProModel maintains a relationship with Datech Solutions, their distributor and Autodesk, a popular software provider. These organizations already help to deliver programs such as AutoCAD to over 500,000 enterprises across the globe.
Jeff Dyer, president of the commercial division at BigBear.ai, says ProModel’s ties to Datech and Autodesk in addition to their accessible software, will enable BigBear and ProModel to reach a wide swathe of customers.
Dyer also remarked the partnership will “allow us to unlock critical new insights for predictive maintenance and process optimization, helping customers achieve efficiencies and responsiveness not previously possible.”
It is predicted that through the acquisition, BigBear.ai will gain hundreds of new clients in upwards of 30 countries. This is part of a new push for private sector business now that the company is an established force in the public sector, where U.S. Department of Defense and intelligence agencies have utilized their programs for years.