BigBear.ai acquires ProModel
On April 11, Columbia, MD-based BigBear.ai announced it has acquired ProModel Corporation, a provider of simulation-based predictive analytics software for manufacturing, healthcare, shipbuilding, and other industries. The accretive acquisition furthers BigBear.ai’s commercial growth strategy with the addition of industry-leading modeling applications used by hundreds of global customers, including many Fortune 500 companies.
BigBear.ai makes artificial intelligence (AI) accessible and trustworthy for operational decision-making, providing expert, actionable guidance to federal and commercial customers faced with highly complex environments. In December of 2020, BigBear.ai acquired ProModel Government Services, expanding the company’s modeling and simulation capabilities for federal customers. With the acquisition of ProModel Corporation, BigBear.ai can now leverage these capabilities in the commercial sector to optimize decision making with improved insights into supply chains, market conditions, equipment maintenance, capacity planning, and process efficiency, the company said.
“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,” said BigBear.ai CEO Dr. Reggie Brothers. “ProModel’s focus on helping organizations make better decisions faster, coupled with its unrivaled corporate culture, perfectly aligns with our vision and mission. Our AI-powered decision support technology will offer tremendous advantages to ProModel’s customers. We’re excited to welcome them and all ProModel employees and partners into the BigBear.ai community.”
“We’ve had an incredibly strong relationship with BigBear.ai since its acquisition of ProModel’s Government Services business two years ago,” said Keith Vadas, president and CEO of ProModel Corporation. “The synergies between our technology and vertical market focus made joining forces the right move and gives us additional resources to deliver scalable, trusted AI technology and expertise to significantly increase value to our customers.”
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