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BigBear.ai completes acquisition of Pangiam to become a breakout leader in Vision AI for National Security, Supply Chain Management, and Digital Identity

Mar 01, 2024•almost 2 years ago

Acquiring Company

BigBear.ai

Acquired Company

Pangiam

McleanTysonsCyber SecurityMachine LearningArtificial IntelligenceInformation TechnologySoftwareAnalyticsTourismTravel

Description

BigBear.ai, a leading provider of AI-powered decision intelligence solutions, has completed the acquisition of Pangiam, a leader in Vision AI for the global trade, travel, and digital identity industries. This strategic move accelerates and evolves BigBear.ai’s mission to create clarity for the world’s most complex decisions in three markets: national security, supply chain management, and digital identity. The combined entity aims to deliver broader capabilities and more value to customers and partners, positioning itself as a breakout leader with a proven track record of innovating in target markets and cutting-edge products in development.

Company Information

Company

BigBear.ai

Location

Mclean, Virginia, United States

About

BigBear.ai delivers AI-powered analytics and cyber engineering solutions to support mission-critical operations and decision-making in complex, real-world environments. BigBear.ai’s customers, which include the US Intelligence Community, as well as customers in manufacturing, logistics, commercial space, and other sectors, rely on BigBear.ai’s solutions to see and shape their world through reliable, predictive insights and goal-oriented advice. Headquartered in Columbia, Maryland, BigBear.ai has additional locations in Virginia and Michigan. For more information, please visit: https://bigbear.ai/ and follow BigBear.ai on Twitter: @BigBearai.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed