Novetta said Thursday it expects to close the transaction later this year and the deal will be funded by equity capital from the $13 billion Carlyle Partners VI fund.
Carlyle’s global aerospace, defense and government services group has invested approximately $4.5 billion of equity in more than 40 companies since 1987.
Jeffrey Freed, an Arlington Capital co-founder and managing partner, said Peter LaMontagne will continue to lead Novetta as CEO after the deal closes.
LaMontagne became CEO of the company in March 2012 after its formation through a merger of Arlington Capital portfolio company White Oak Technologies with FGM to create Novetta.
Novetta itself made acquisitions in the analytics space during 2014, such as its late 2014 purchases of Digital Results Group to add a software platform for data collection and exchanges; and Sentinel Applied Analytics for statistical tools used to interpret data.
Novetta’s two other acquisitions last year included the purchase of Global News Intelligence, a builder of emotion and social media analysis technology; and SigInt Technologies, which makes digital signal processing technologies for the intelligence community.
“We are excited to partner with Peter and his team to support Novetta’s mission and growth strategy by investing in the continued development of its people, capabilities and intellectual property as well as pursuing selective, technology-driven, complementary acquisitions, ” said Adam Palmer, a Carlyle managing director and head of the group.