AE Industrial Partners, LP (“AEI”) of Boca Raton, FL announced on June 22 that it has acquired a majority interest in McLean, VA-based NuWave Solutions. Terms of the transaction were not disclosed.
AEI also announced that industry veterans Dr. Reggie Brothers and Michael Buscher have joined NuWave as chief executive officer and chief growth officer, respectively. Mark Keyser, co-founder of NuWave, will be reinvesting into the platform and is remaining with the company as an advisor to the board of directors.
NuWave’s expertise in advanced technologies across the advanced analytics and artificial intelligence lifecycle allows its customers to solve complex problems and better manage information. With offices in McLean, VA and Columbia, MD, NuWave was recently recognized by the Washington Post as one of the best workplaces in the region and was named Virginia’s number one place to work by Virginia Business. The company provides innovative, customized solutions through development, selection and integration of leading technologies. A 2019 Industry Innovation Winner for its Virtual Anticipation Network (VANE), a machine learning and anticipatory intelligence tool, as well as its Enterprise Management Decision Support (EMDS) solutions, NuWave has built momentum in advanced analytics and artificial intelligence domains.
NuWave will be a new standalone platform for AEI as the firm continues to expand its Defense & Government Services reach into the advanced analytics and artificial intelligence domains.
“NuWave is a highly respected leader in its field, and a perfect launch pad in which to build a world-class advanced analytics and artificial intelligence platform. We welcome them into our growing portfolio,” said Jeffrey Hart, a vice president at AEI. “Artificial intelligence and machine learning continue to gain significant momentum helping governments and businesses gain intelligence from their vast amounts of data to make better decisions. The end uses for these capabilities continue to evolve and we look forward to being at the forefront of this evolution with the NuWave team.”
“Attracting a firm like AEI is a testament to NuWave’s vision, culture and technical prowess,” said Keyser. “The company has assembled an unmatched team of experts who strive every day to provide our customers with tactical advantage and competitive edge through our leading solutions. With new financial and operational support from AEI, in addition to their strategic vision for the company, I believe NuWave is poised to accelerate its already impressive growth, as well as solidify its capabilities and reputation as a key player in the artificial intelligence and machine learning market.”
Source: AEI
By 
