NuTech Solutions is spinning off a new company that will offer strategic planning and optimization solutions for clients.
The new company, called VGO Associates, will operate out of NuTech’s former office in Boston.
David Davis, who joined NuTech as one of its original consulting scientists in 2000, will lead the firm. He has already recruited 15 other consultants to be part of the company, according to a NuTech spokesperson.
NuTech holds a minority interest in the new firm.
Davis will still work with NuTech as part of its senior fellowship program, the spokesperson added.
NuTech develops software for prediction and optimization services.
“VGO Associates will provide our software customers the added advantage of strategic optimization consulting services. We are looking forward to being able to provide, through our partnership, the additional value of optimization expertise for those clients who do not have the skills in-house,” said Tom Wilson, chief executive officer of NuTech.
“This new entity — will enable us to attract talented professionals who, because of academic or other commitments, are not interested in becoming full-time employees of NuTech,” he added. “As a team, VGO and NuTech Solutions are uniquely positioned to provide customers a complete optimization solution, from strategy to software.”