Xcelerate Acquires Software Development Firm clearAvenue

McLean, Virginia-based defense and national security company Xcelerate Solutions has acquired clearAvenue to expand its portfolio of technical capabilities, particularly in artificial intelligence and machine learning, in support of federal government customers.

“This acquisition marks a significant step forward in our technical capabilities,” Xcelerate CEO Mark Drever said in a statement published Tuesday.

“We’ve always had a solid foundation in digital transformation, but clearAvenue lets us take it to the next level. clearAvenue is one of the few companies with demonstrated past performance qualifications in AI and machine learning,” added Drever.

Offering Mission-First Portfolio of Tech Platforms to Federal Government

Columbia, Maryland-based clearAvenue provides software development and maintenance, AI and machine learning, big data analytics, business intelligence and cloud services for federal agency clients.

The transaction will combine the two companies under the name Xcelerate Solutions with a team of approximately 1,500 tech professionals focused on delivering digital platforms, cybersecurity, critical infrastructure protection support and enterprise vetting services to federal customers.

The expanded contracts and capabilities provide Xcelerate with opportunities to drive growth across defense, national security, law enforcement and civilian agencies.

The latest deal marks Xcelerate’s third acquisition as a portfolio company of McNally Capital.

In September, Xcelerate closed its purchase of General Dynamics Information Technology’s background investigation assets. In February 2024, the company expanded its federal IT and security capabilities through its merger with VMD.

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