SilverEdge Government Solutions, a software company backed by private equity firm Godspeed Capital Management, has acquired cloud services provider QVine in a deal aimed to complement SilverEdge’s software-as-a-service platform development work for defense and intelligence customers.
The acquired company’s executive team will stay and make an equity co-investment as part of the deal, SilverEdge said Wednesday.
Herndon, Virginia-based QVine employs more than 100 technologists and specializes in artificial intelligence, machine learning, open-source collection and analysis, data visualization and cross-domain solution.
Robert Miller, CEO of SilverEdge, said the company’s SaaS offerings are complementary to QVine’s SOAR software development platform and the combined organization aims to “become the cyber and technology solutions provider of choice.”
Godspeed launched SilverEdge in June following the merger of Varen Technologies, Exceptional Software Strategies and Savli Group.