Cybersecurity company Novetta Solutions up for sale: sources

Novetta Solutions LLC, a provider of software and IT services to the U.S. intelligence community, is exploring a sale which could value it at more than $650 million, including debt, according to people familiar with the matter. Novetta's sale process comes as cuts in U.S. government spending, particularly in the areas of defense and security, have hit companies that rely on government contracts, spurring consolidation in the industry. Arlington Capital Partners, Novetta's private equity owner, has hired investment banks Morgan Stanley and Houlihan Lokey on an auction for the company, the people said this week. Representatives for Novetta, Arlington Capital Partners, Morgan Stanley and Houlihan Lokey declined to comment.



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