July 22, 2019 | Alexandria, VA
Systems Planning and Analysis, Inc. (SPA) has acquired Veracity Forecasting and Analysis, Inc. (Veracity). Terms of the transaction, which closed on July 21, are not being disclosed.
Veracity provides decision support services in the government and defense sector that help large enterprises clarify complex choices. Applying operations research, data science, modeling and simulation, and predictive analytics, they develop decision support tools that improve the speed and quality of complex decision making, whether the decision involves people, places, things, or their combinations.
“With the addition of Veracity, SPA strengthens its position as a leader in operations analysis for national security and defense systems, and broadens our capabilities in the key technical areas of data science and software development,”William Vantine, CEO of SPA.
Veracity developed the Naval Synchronization Toolset (NST) process in 2011 to support Naval Aviation in managing F/A-18 inventory and maintenance planning. Now well-established and relied upon by top leadership, “NST” is the term broadly used for computational Decision Support services available to any customer in the Naval Aviation Enterprise.
Veracity is also expert in classic data mining techniques as well as superior machine learning approaches such as deep networks and random forest. They apply machine learning models to various analytical problems in both aircraft inventory management and rocket motor aging and surveillance. In a Small Business Innovative Research project, Veracity initiated and developed Augmented Machine Learning concepts for optimizing machine learning with other types of analysis.
“Veracity is excited and pleased to join SPA,” said Mike Macedonia, founder and CEO of Veracity. “Partnering with SPA will afford us the opportunity to offer decision support and prescriptive analytics to a broader set of government sector organizations and challenges.”
Squire Patton Boggs LLP served as legal advisor to SPA. Holland and Knight LLP served as legal advisor to Veracity.
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