Accenture Federal Services to acquire Novetta
AFS will add 1,300 employees from McLean-based digital contractor
Arlington-based Accenture Federal Services (AFS) has entered into an agreement to acquire Novetta, a McLean-based federal contractor specializing in advanced analytics, machine learning, cyber services and cloud engineering.
Terms of the transaction, which is subject to regulatory review, were not disclosed in the announcement released Tuesday by AFS.
With 1,300 employees, Novetta is a subsidiary of The Carlyle Group, the Washington, D.C.-based private equity firm where Virginia GOP gubernatorial candidate Glenn Youngkin was co-CEO until his retirement last year.
“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,” Accenture Federal Services CEO John Goodman said in a statement. “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.”
“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.”
AFS has 10,500 employees and is a subsidiary of Irish Fortune Global 500 company Accenture. AFS has clients within the national security, federal health, military and civilian services industries. Last year, Accenture reported more than $40 billion in revenue.