The McLean Group served as sell-side M&A advisor to Babel Street, a Reston, Virginia provider of multilingual data analytics software, on its acquisition by Veritas Capital.
Veritas Capital acquired Babel Street in February 2021 through The Veritas Capital Vantage Fund.
Founded in 2009, Babel Street provides real-time search and analytics across any source and any language. Its Babel X platform identifies languages, extracts entities, indexes and searches content across languages, and charts sentiment in 33 languages, with automated alerts on volume and sentiment. Customers can use it as a SaaS platform or as an on-premise or private instance that combines open-source data with their own. Babel Street serves federal government agencies and the private sector.
The transaction adds to The McLean Group’s record in the defense, government and intelligence market, where the firm has advised government contractors and technology providers for more than three decades.
Financial terms of the transaction were not disclosed.
Securities transactions conducted through McLean Securities, LLC, member FINRA/SIPC.
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