Cyber security specialist acquired by national firm
A software and cyber security specialist based in Bristol has been acquired by a national firm.
CACI, a leading data and technology solutions company, has announced the acquisition of Bitweave.
Bitweave provides software engineering, data analysis and cyber services to the national security sector.
Jeet Khaira, managing director of CACI’s Information and Management Solutions division, said: “We’re delighted to welcome the Bitweave team and their exceptionally rigorous software engineering and data analysis mindset.
“Their important position in the national security sector is a mark of both their capability and calibre. We have common core values and a shared culture – a collaborative workstyle, a focus on solving real-world problems and a passion for deploying the best and most secure technology solutions for our clients.
“This makes Bitweave a perfect fit and an important addition to our national security business.”
Nick Leaver, the founder and chief executive of Bitweave, added: “Joining forces with CACI gives us more power, resources and support to provide scalable, adaptive solutions to organisations of national importance.
“We are excited about the potential for growth, innovation and to deepen our reputation, under the CACI banner, of delivering industry-leading software skills and services that work for the safety, security and prosperity of the UK.”
Established in 1975, CACI employs more than 1200 staff in the UK and Europe, providing business information systems to public and private sector clients.
CACI Ltd is a wholly owned subsidiary of CACI International Inc., an IT services company publicly traded on the NYSE and employing over 22,000 staff globally.
CACI provide specialist software and technology consultancy services and deliver digital transformation and innovation projects for UK government, defence and national security organisations.
Momentum acted as chief adviser to Momentum on the deal.
Alastair Boorman, partner at Momentum, said: “It’s been a pleasure to work with Nick and the wider team at Bitweave.
“Momentum has a market-leading track record in the secure software and digital transformation space and our experience and relationships across the sector enabled us to access a range of different potential exit options for the business. There is an excellent strategic and cultural fit between Bitweave and CACI and we strongly believe that CACI will be a supportive owner for the business and its people going forward.”