Novetta closes Q3 2017 with $284M in contract wins

October 5, 2017 - 

Novetta closed the third quarter with $284 million in contract awards, a 77 percent increase year over year.

These recent contract awards further establishes Novetta’s leadership role in machine learning, computer vision, advanced data exploitation and cyber security research for the defense and intelligence communities.

“Implementing a proven business development model, most effectively promotes our ongoing investments in innovative technology,” said Brian W. Hobbs, senior vice president of business development and strategy at Novetta. “We are now positioned to successfully capture much larger efforts that align with our culture of advanced technology.”

Novetta attributes this growth to advancements in computer vision, identity management, biometrics, cyber security research, and significant progress in the area of extensible AI systems deployed on specialized networks.

In addition, Novetta’s focus on data fusion and automated discovery is providing greater value at lower costs to customers who are looking to manage multiple streams of data in near real time.

“At Novetta, we pride ourselves on solving the hardest problems in national security at speed and scale,” said Tiffanny Gates, CEO and president of Novetta. “We have a long history of driving innovation through a talent-centric culture of IRAD and internal collaboration. Strategically building out our business development team has yielded great internal and external partnerships, further positioning Novetta’s exceptional capabilities as reflected in the significant boost in wins.”

Previously reported, Novetta recently released a whitepaper titled “Amazon Rekognition: Quick-Look Biometric Performance Assessment“, which analyzes the biometric performance of Amazon’s machine learning-based face recognition service.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.