Novetta Closes Quarter with 77% Year-Over-Year Growth in Contract Wins

MCLEAN, Va., Oct. 5, 2017 /PRNewswire/ -- Novetta, a leader in advanced analytics technology, closed the third quarter with $284M in contract awards, a 77% increase year over year. Recent awards further establish Novetta's leadership role in machine learning, computer vision, advanced data exploitation and cyber security research for the Defense and Intelligence Communities.

"Implementing a proven business development model, most effectively promotes our ongoing investments in innovative technology," said Brian W. Hobbs, Senior Vice President, Business Development & Strategy. "We are now positioned to successfully capture much larger efforts that align with our culture of advanced technology."

Novetta's growth is based on advancements in computer vision, identity management, biometrics, cyber security research, and significant progress in the realm of extensible AI systems deployed on specialized networks. Additionally, Novetta's focus on data fusion and automated discovery is providing greater value at lower costs to customers who increasingly need to manage multiple streams of data in near real time.

"At Novetta, we pride ourselves on solving the hardest problems in national security at speed and scale," said Tiffanny Gates, CEO & President. "We have a long history of driving innovation through a talent-centric culture of IRAD and internal collaboration. Strategically building out our business development team has yielded great internal and external partnerships, further positioning Novetta's exceptional capabilities as reflected in the significant boost in wins."

Novetta hosts an annual 10^27 Innovation Challenge, an internal competition for solution development. The competition is funded through Novetta's internal research and development budget and embraces our innovative culture and supports professional growth. The finalists will be down selected at a reception this evening.

About Novetta
Headquartered in McLean, VA with over 700 employees across the US, Novetta has over two decades of experience solving problems of national significance through advanced analytics for government and commercial enterprises worldwide. Grounded in its work for national security clients, Novetta has pioneered disruptive technologies in four key areas of advanced analytics: data, cyber, open source/media and multi-int fusion. Novetta enables customers to find clarity from the complexity of 'big data' at the scale and speed needed to drive enterprise and mission success. Visit www.novetta.com for more information.

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