On April 6, Canada-based NowVertical Group Inc., a big data, analytics and Vertical Intelligence software and services company, announced that after receiving approval from the Committee on Foreign Investment in the United States (CFIUS), it has closed its previously announced acquisition of 100% of the issued and outstanding securities of Allegient Defense, Inc., a U.S.-based government defense contractor providing systems engineering and technical assistance support to the Department of Defense through data analysis and assessment of cutting edge technologies.
“In teaming up with Allegient, we continue to scale our government vertical. Allegient’s positive history of contract performance with the highest level of U.S. Federal Government customers, excellent management and administrative team and infrastructure mark a critical and exciting expansion of NOW’s public sector capabilities and offering,” said Daren Trousdell, Chairman & CEO of NOW. “We are also thrilled to consider MVB Bank, who chose to finance this transaction in part given Allegient’s history of positive performance and profitability, as one of our new and trusted stakeholders.”
“The resources and strength of NOW will allow Allegient to enter our next chapter of growth while maintaining our reputation for unparalleled customer service through our unwavering dedication to solving the complex challenges facing our customers,” said Angel Diaz, PMP, CEO of Allegient. “We’re incredibly proud of everything we have accomplished at Allegient and look forward to growing as a part of the NOW team.”
Source: NowVertical
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