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Momentum advises secure software and data engineering specialist Bitweave on its sale to CACI

Deal Overview

  • Lead advisor
  • US-listed acquirer
  • National Security and Defence

CACI Limited (“CACI”), a leading data and technology solutions company, has acquired Bitweave Limited (“Bitweave”), a provider of software engineering, data analysis and cyber services to the national security sector. Momentum acted as lead advisor to the founder of Bitweave.

Jeet Khaira, Managing Director of CACI’s Information and Management Systems Division, comments:
“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 CEO of Bitweave, adds:
“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.”

I can’t thank Ali, Rich and the Momentum team enough for all their guidance and support throughout this process. Momentum’s experience in our sector made a real difference, enabling quick access to all key players in the market which led to high-quality conversations being held from an early stage. Momentum is an incredibly high performing team and the advice received from start to finish has been second to none.

Nick Leaver, founder and CEO of Bitweave

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.

Alastair Boorman, Partner at Momentum Corporate Finance

Thinking about selling your business or a management buyout? Do not hesitate to get in touch today.

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