CRGT Inc. has acquired data analytics and technology provider Guident Technologies with the intent to grow its portfolio of big data analytics and business intelligence offerings.
CRGT, a Veritas Capital portfolio company, did not disclose terms of the deal in its announcement.
Tom Ferrando, CRGT’s CEO and president, said the company is adding new customers such as the U.S. Transportation Department, Environmental Protection Agency, Patent and Trademark Office and the Securities and Exchange Commission.
Ferrando also said Guident brings big data offerings that many of CRGT’s customers want.
“Data volume is currently generated at an exponential level and is expected to double every two years with an expected compound annual growth of over 40%,” he said. “Fragmented sources of data continue to complicate the challenge of aggregating, synthesizing and storing that data in an economical fashion.”
Ramzi Musallam , managing partner at Veritas Capital, said this is CRGT’s third acquisition within the past two years, including its buy of CIBER Inc.’s federal division in March.
He added CRGT is pursuing growth in the federal information technology market through both organic means and acquisitions.
CRGT said Guident brings complementary offerings in systems engineering for enterprise application integration, enterprise resource planning and content intelligence services.
Guident provides customers data analytics strategy, planning services, data warehousing, data management and business analytics services.
Guident also works with customers to use technology and architecture in addressing the volume, speed and diversity of big data.