On November 10, BigBear.ai Holdings, Inc., a leader in AI-powered decision intelligence solutions, announced a definitive agreement to acquire Ask Sage. Ask Sage is expected to deliver annual recurring revenues (ARR) of approximately $25 million in 2025 (non-GAAP), demonstrating a year-on-year increase of approximately six times Ask Sage’s 2024 ARR. BigBear.ai will pay a total of $250 million for the whole business, subject to customary adjustments for indebtedness, cash and working capital.
“Today, I’m thrilled to announce that BigBear.ai has signed a definitive agreement to acquire Ask Sage, a cutting-edge and fast-growing Generative AI platform for secure distribution of AI models and agentic AI capabilities, built specifically for defense and national security agencies and other highly regulated sectors. Ask Sage already supports more than 100,000 users on 16,000 government teams and across hundreds of commercial companies. It is a turnkey platform that’s in production today, at scale, in the environments that matter most,” said Kevin McAleenan, CEO of BigBear.ai.
“By integrating Ask Sage with BigBear.ai, we are creating what the market has been asking for: a secure, integrated AI platform that connects software, data, and mission services in one place,” continued McAleenan.
“Despite delays resulting from the government shutdown, we believe the potential for new business in the field of border security and defense remains strong, and we expect to see those opportunities, including accelerated spending resulting from the One Big Beautiful Bill, to materialize into contracts next year. BigBear.ai remains in a very strong position to benefit from the important task of delivering cutting-edge secure technology solutions to support national defense and the defense industrial base,” added McAleenan.
“Subject to applicable approvals, we look forward to closing the Ask Sage acquisition and continuing to execute on our M&A strategy to drive rapid growth.” said Sean Ricker, CFO of BigBear.ai.
Source: BigBear.ai
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