AE Industrial Partners has purchased a majority stake in analytics and artificial intelligence platforms provider NuWave Solutions for an undisclosed sum and announced the addition of industry veterans Reggie Brothers and Michael Buscher to NuWave’s leadership team.
Brothers, formerly chief technology officer of Peraton, will serve as CEO of NuWave and Buscher, a 20-year national security official, will help broaden NuWave’s presence in the intelligence and defense communities as chief growth officer, AEI said Monday.
Brothers previously served as undersecretary of science and technology at the Department of Homeland Security and deputy assistant secretary for research at the Department of Defense. He has held various roles at the Defense Advanced Research Projects Agency, Charles Stark Draper Laboratory, Envoy Networks, MIT Lincoln Laboratory, Chertoff Group and BAE Systems.
Buscher is former vice president of intelligence and special operations at Peraton and founder of Vanguard Defense Industries. He previously worked at the U.S. Army Special Operations and the CIA.
NuWave will operate as a standalone company as it works to help AEI expand its government and defense services reach into AI and advanced analytics areas.
NuWave has offices in McLean, Va., and Columbia, Md., and also provides machine learning, data management and cloud platforms to federal government clients. Its products include the Enterprise Management Decision Support platform and machine learning-based tool Virtual Anticipation Network.
“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,” said Jeffrey Hart, a vice president at AEI. “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.”
Mark Keyser, co-founder of NuWave, will continue to serve as an adviser to the company’s board of directors.
Akerman LLP and Grant Thornton LLP respectively served as legal and financial advisers to AEI in the transaction. McNees Wallace & Nurick acted as NuWave’s legal adviser while Conlin & Co. served as its financial adviser.