MANTECH × Elder Research
MANTECH, a provider of technology solutions for government and commercial markets, acquired Elder Research, a specialist in data science and predictive analytics. [31, 61] The financial terms of the transaction were not disclosed. [61] The Elder Research team and its 30 years of applied data science experience will be integrated into MANTECH's Data and AI Practice to enhance its offerings. [31, 65]
The asset
An experienced provider of AI and data science solutions, applications, and training with expertise in predictive analytics for government and commercial clients.
The record
- Seller status
- Going concern
- Sector
- Data science consulting
- Modalities
- analytics platform, consulting services
- Jurisdiction
- US
What it means if you hold data
This acquisition shows the increasing value of proven data science expertise and talent as an asset. For firms looking to build or enhance their quantitative analysis capabilities, acquiring an established team with a track record of successful AI implementation can be a primary strategy.