BigBear.ai to Acquire Pangiam for Approximately $70M

Pangiam Acquires Trueface to Expand Computer Vision and Biometrics Capabilities

June 2, 2021

AI & Machine Learning

Pangiam, a travel and security technology provider backed by AE Industrial Partners, acquired Trueface, a U.S.-based computer vision company specializing in facial recognition, weapon detection and age verification. Terms were not disclosed; Trueface founders Shaun Moore and Nezare Chafni will join Pangiam, and the deal strengthens Pangiam's biometric offerings for airports, federal and commercial customers.

Pangiam Acquires veriScan from Metropolitan Washington Airports Authority

March 19, 2021

AI & Machine Learning

Pangiam, a PE-backed identity-management and travel-security technology provider, acquired veriScan — an integrated biometric facial-recognition system developed by the Metropolitan Washington Airports Authority — to expand its airport and airline biometrics offerings. The veriScan solution, which has been used by more than 40 airlines and processed over 1.3 million passengers, will be scaled through Pangiam's cloud-based platform; terms were not disclosed.

BigBear.ai Completes Business Combination With GigCapital4

December 7, 2021

AI & Machine Learning

BigBear.ai completed a business combination with SPAC GigCapital4 and emerged as a publicly traded company (NYSE: BBAI) on December 8, 2021, in a transaction that values the combined company at approximately $1.378 billion pro forma enterprise value. AE Industrial Partners is a lead private equity partner supporting the transaction; BigBear.ai will use the public listing and capital base to accelerate product development, commercial expansion across government and commercial markets, and potential inorganic growth.

AE Industrial Partners Acquires Linkware and Pangiam, Forms Pangiam Travel & Security Platform

November 4, 2020

Aerospace & Defense

AE Industrial Partners (AEI) has acquired Linkware, LLC and PRE, LLC d/b/a Pangiam and will combine the two companies under the Pangiam brand to create an integrated travel and security solutions technology platform. Linkware will continue to serve government customers under its brand while the combined company will offer end-to-end travel security and biometrics-enabled solutions to both commercial and government markets; terms were not disclosed.

BigBear.ai Acquires ProModel Corporation

April 11, 2022

Software

BigBear.ai (NYSE: BBAI) has acquired ProModel Corporation, a provider of simulation-based predictive analytics software for manufacturing, healthcare, shipbuilding and other industries. The acquisition advances BigBear.ai’s commercial growth strategy by adding ProModel’s modeling applications, customers and channel relationships to expand capabilities in operational AI and accelerate market penetration.

NuWave Solutions Acquires BigBear Inc.

December 3, 2020

Data & Analytics

NuWave Solutions has acquired BigBear Inc., a San Diego–based provider of cloud-based big data analytics, AI and geospatial solutions for the U.S. national security community. The acquisition — NuWave's first since being acquired by private equity firm AE Industrial Partners earlier in 2020 — expands NuWave's data analytics, AI and cloud capabilities to better serve federal defense and intelligence customers. Terms were not disclosed.