Home / M&A Activity / CRGT Buys Big Data, Analytics Provider Guident Technologies; Tom Ferrando Comments

CRGT Buys Big Data, Analytics Provider Guident Technologies; Tom Ferrando Comments

Tom Ferrando
Tom Ferrando

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.

Check Also

Northrop Announces New Operating Structure; Kathy Warden Quoted

Northrop Grumman (NYSE: NOC) will operate with four operating sectors starting January 2020 as part of efforts to better align its portfolio to meet clients' needs.

Eight Firms Win Spots on $950M IDIQ for Air Force Office Analytical, Technical Services

The U.S. Air Force has awarded eight positions on a potential 10-year, $950M contract to provide technical and analytical support to the Secretary of the Air Force's Concepts, Development and Management Office. USAF received 10 offers for the multiple-award, indefinite-delivery/indefinite-quantity contract, the Department of Defense said Wednesday.