A Bristol-based provider of software and cyber security has been acquired by CACI, a national leading data and technology company.
Bitweave provides software engineering, data analysis and cyber services to the national security sector. Bristol-based Momentum Corporate Finance advised Bitweave on its sale to CACI.
Established in 1975, CACI employs more than 1,200 staff in the UK and Europe, providing business information systems to public and private sector clients.
Read more: Superdry completes £12m equity raise to help fund its turnaround plan
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, 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’re 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.”
Read next:
Airbus profits and aircraft output drop amid supply chain ‘tensions’
Cero Generation and Enso Energy open UK's first transmission-connected solar farm
Dyson unveils £100m Bristol tech hub as part of global growth plans
Like this story? Why not sign up to get the latest South West business news straight to your inbox.
