BigBear.ai announced it has acquired ProModel Corporation, a provider of simulation-based predictive analytics software for manufacturing, healthcare, shipbuilding, and other industries.
The accretive acquisition furthers BigBear.ai’s commercial growth strategy with the addition of industry-leading modeling applications used by hundreds of global customers, including many Fortune 500 companies.
BigBear.ai makes artificial intelligence (AI) accessible and trustworthy for operational decision-making, providing expert, actionable guidance to federal and commercial customers faced with highly complex environments. In December of 2020, BigBear.ai acquired ProModel Government Services, expanding the company’s modeling and simulation capabilities for federal customers. With the acquisition of ProModel Corporation, BigBear.ai can now leverage these capabilities in the commercial sector to optimize decision making with improved insights into supply chains, market conditions, equipment maintenance, capacity planning, and process efficiency.
“ProModel’s solutions uncover new insights to improve quality and efficiency in manufacturing, distribution, and many other industries, making them a great fit for our commercial strategy,” said BigBear.ai CEO Dr. Reggie Brothers. “ProModel’s focus on helping organizations make better decisions faster, coupled with its unrivaled corporate culture, perfectly aligns with our vision and mission. Our AI-powered decision support technology will offer tremendous advantages to ProModel’s customers. We’re excited to welcome them and all ProModel employees and partners into the BigBear.ai community.”
“We’ve had an incredibly strong relationship with BigBear.ai since its acquisition of ProModel’s Government Services business two years ago,” said Keith Vadas, President and CEO of ProModel Corporation. “The synergies between our technology and vertical market focus made joining forces the right move and gives us additional resources to deliver scalable, trusted AI technology and expertise to significantly increase value to our customers.”
ProModel solutions are distributed globally by Datech Solutions, the Autodesk-focused business of Tech Data, a TD SYNNEX company. ProModel also has a direct co-marketing agreement with Autodesk for ProModel AutoCAD edition and other ProModel solutions that work seamlessly with the Autodesk Product Design and Manufacturing Collection which includes AutoCAD, Inventor and Factory Design Utilities and can be extended to the Forge Platform.
According to HG Insights, AutoCAD alone is used by more than 500,000 companies worldwide. The acquisition of ProModel Corporation enables BigBear.ai to leverage these strategic channels to accelerate the adoption of both ProModel and BigBear.ai solutions on a global scale.
“The addition of ProModel’s talented workforce and innovative product suite to BigBear.ai will allow us to unlock critical new insights for predictive maintenance and process optimization, helping customers achieve efficiencies and responsiveness not previously possible,” said Jeff Dyer, President of Commercial for BigBear.ai. “ProModel’s powerful, easy-to-use software and established relationships with market leaders like Autodesk and Datech Solutions provide a strong foundation for us to rapidly build on their success and accelerate market penetration across the globe.”
Unique data enrichment and machine learning capabilities give BigBear.ai a competitive advantage in purview, speed, scalability, and accuracy for its predictive decision support technology. As a result, BigBear.ai solutions are widely used in the federal sector, with long-standing customers in the U.S. Department of Defense and Intelligence Community, among others.
In 2021, BigBear.ai expanded its offerings and go-to-market strategy to address the private sector, starting with logistics, manufacturing, and the commercial space industry. The ProModel acquisition significantly expands BigBear.ai’s commercial and geographic footprint, adding hundreds of customers in more than 30 countries worldwide.