Janes, the trusted global agency for open-source defence intelligence, today announced the acquisition of the defence market analytics business from Avascent.
LONDON – Janes has today announced an agreement to acquire the defence market analytics business – also known as Global Platforms and Systems (GPS) – from Avascent to support its industry intelligence solutions and enhance the offering it provides to customers.
“I’m delighted to announce the acquisition of GPS from Avascent – it’s a great addition to our portfolio of trusted open-source defence intelligence solutions and allows us to enhance our position as the leading provider of defence market forecasts worldwide,” said Blake Bartlett, CEO at Janes. “This acquisition comes as we continue to build on the momentum we have created since becoming an independent business and ensures that we will continue to deliver the objective open-source intelligence and analytics that the world of defence and security relies upon.”
“This deal brings a highly complementary capability into the Janes ecosystem of connected data that our customers trust in their most critical decisions.” said Doug Dixon, President of Aerospace and Defence Industry at Janes. “We’re focused on getting our customers the right data in the right structure to underpin the analytics they need to operate in the modern national security environment.”
“In Janes, we have found a partner that can take the GPS business to the next level while we continue to focus and invest in our core strategy consulting business,” said Steve Irwin, President of Avascent. “Clients who have come to rely on GPS and its custom features will experience no change in the quality of the product or the responsiveness of the client service. Indeed, clients who have wanted closer integration between GPS and other data resources can now look forward to the prospect of more powerful tools to support their strategy, corporate development, and business development efforts.”
The deal between Janes and Avascent also includes a collaboration agreement through which the two firms can pursue opportunities where their joint capabilities will provide clients with unparalleled insights and advice on critical defence and security issues.
Janes expects completion of the acquisition in January 2021 subject to customary conditions.
About Janes
The Janes stamp of trust means supplying our customers with timely, validated, unbiased and relevant intelligence in a world crowded with increasingly unreliable information. With an unmatched legacy of more than 120 years, Janes has adapted, expanded, and developed its unique tradecraft while transitioning from a traditional military publisher to the leading global agency for open-source defence intelligence.
Janes was started by naval enthusiast Fred T. Jane in 1898 to document the world’s fighting ships. Janes has since evolved into a provider of unique, proprietary open-source data, with a global team of almost 400 subject matter experts delivering analysis spanning 41,000 pieces of equipment across air, land and sea, and more than 600,000 events that impact risk or security. Janes became an independent business in December 2019 under the ownership of Montagu Private Equity.
About Avascent
Avascent is the leading strategy consulting firm serving clients operating in government-driven markets. Working with corporate leaders and financial investors, Avascent delivers sophisticated, fact-based solutions in the areas of strategic growth, value capture, and mergers and acquisitions support. With deep sector expertise, analytically rigorous consulting methodologies, and a uniquely flexible service model, Avascent provides clients with the insights and advice they need to succeed in dynamic customer environments. To find out more about Avascent, visit: avascent.com.
