BigBear.ai has agreed to acquire Ask Sage, a generative artificial intelligence platform designed for secure deployment of AI models and agentic systems across defense, national security and other highly regulated sectors, for approximately $250 million. In an earnings statement published Monday, BigBear.ai said it expects the transaction to c...
BigBear.ai, a company that provides artificial intelligence-powered decision intelligence services, has booked a $165.2 million contract from the U.S. Army for the development of an integrated force structure and employment data system. The company said Monday it will further develop the Global Force Information Management system, which handles forc...
BigBear.ai (NYSE: BBAI) has named Carl Napoletano as chief operating officer, effective immediately. The artificial intelligence company said Friday Napoletano, as former vice president of special projects at BigBear.ai, played a major role in the strategic integration of key acquisitions, including the recent purchase of vision AI provider Pangiam....
Frederick Lodge has assumed the role of vice president of business operations at Peraton. The finance and business operations leader with over 20 years of experience confirmed his appointment in a LinkedIn post Thursday. In his new position, Lodge will oversee business operations for Peraton’s Citizen Security and Public Services Group.&...
Rob Wedertz, former chief operating officer for defense/intelligence at Jazz Solutions, has returned to BigBear.ai to serve as senior vice president of federal growth and capture, according to his LinkedIn post. Wedertz was VP of Department of Defense programs for nearly a decade at ProModel Corp., which was acquired by BigBear in April 2022. He...
Norm Laudermilch, former chief operating officer at BigBear.ai (NYSE: BBAI), has joined Maxar Technologies (NYSE: MAXR) to serve as chief information security officer of the Westminster, Colorado-headquartered space technology company, he announced via LinkedIn. According to him, he will be responsible for all aspects of Maxar’s cybersecurity,...
BigBear.ai (NYSE: BBAI) completed its purchase of fellow artificial intelligence company Pangiam Intermediate Holdings for an estimated $70 million in stock. Pangiam CEO Kevin McAleenan and two-time Wash100 inductee will become president of the combined company, which will leverage BigBear.ai’s capabilities in predictive analytics and computer...
Artificial intelligence company BigBear.ai (NYSE: BBAI) has agreed to acquire vision AI technology provider Pangiam Intermediate Holdings in an all-stock transaction valued at approximately $70 million. Columbia, Maryland-based BigBear.ai said Monday it expects the deal to close in the first quarter of calendar year 2024 and expand its portfolio of ...
Artificial intelligence company BigBear.ai (NYSE: BBAI) posted a 2 percent year-over-year revenue increase for the second quarter of 2023 and booked two key contracts from the U.S. Army during the quarter. Sales in the April-June period totaled $38.5 million, compared to $37.6 million a year earlier, while backlog as of June 30 stood at $206...
Artificial intelligence is currently experiencing a major peak in the commercial world with the skyrocketing popularity of generative AI tools in recent months, which is causing a ripple effect with implications in the public sector too. Mandy Long, the new CEO of BigBear.ai, delved into the present state of the AI market, where she thinks it...
