o ePlus Acquires Assets of Software Developer Realwave”
o DC-Based Cloud Capital Closes New Fund to Acquire Data Centers
o Hanover-Based Noxilizer Raises $30 Million
o Trident Solutions Rebrands Following Sale, Appoints CEO
o McLean-Based Qubrid AI Launches Startup Accelerator Program
o Briefly Noted: Range, Entertainment Software Association, National Education Association - Microsoft, Public Interest Registry, Attain Partners, IonQ
Herndon-Based ePlus Acquires Assets of Software Developer Realwave
Herndon, Va. – ePlus, the Herndon-based provider of technology and consulting services, said that its Silicon Valley-based OneCloud Consulting unit has acquired the assets of California-based software company Realwave. Financial terms of the deal were not disclosed. Realwave offers AI-powered data analysis that integrate with data sources such as video, sensors and point-of-sale systems. ePlus said the acquired software can automatically detect events, make decisions and trigger business process automation without human intervention.
"The incorporation of automated and intelligent data and video capabilities opens up a wide range of ePlus-supported AI-based applications for customer organizations across retail, transportation, healthcare, financial, campus environments and more,” said Ken Farber, the president of ePlus Software.
DC-Based Cloud Capital Closes New Fund to Acquire Data Centers
Washington, DC – Cloud Capital, a DC-based data center investment management firm, said it has closed a new fund focused on acquiring and developing data centers across the U.S. The firm did not disclose the size of its Cloud Capital Fund II, which it said already has made several investments. Cloud Capital was founded in 2020 as the investment management affiliate of CloudHQ, a data center development and operating company. Since launching, the firm, which also has offices in London and Tampa, said it has acquired a portfolio of data center assets valued at over $5 billion.
Hanover-Based Noxilizer Raises $30 Million for Sterilization Technology
Hanover, Md. – Noxilizer, a Hanover-based developer of nitrogen dioxide-based sterilization equipment for biopharmaceutical and medical device products, said it has raised $30 million in a new round of funding, led by NewVale Capital. The company said it will use the proceeds to expand access to its NO₂ sterilization platform, used by pharmaceutical, biotechnology and medical device companies as an alternative to potentially toxic ethylene oxide.
"This investment allows us to broaden availability of NO₂ sterilization at a time when manufacturers urgently need validated, commercial-ready alternatives to existing methods," said Christopher Thatcher, the president and CEO of Noxilizer.
Trident Solutions Rebrands Following Sale, Appoints CEO
Fairfax, Va. – Trident Solutions, a Fairfax-based provider of defense electronics, said on Tuesday it has rebranded following the sale of its Geost business to Rocket Lab last month. The company said it has united its remaining companies – Trident Systems and Ophir Corp. – under a new brand simply known as Trident, and named Lorin Hattrup as its CEO. Hattrup had served as the president and general manager of Trident Systems since early 2024. The company will operate under three divisions: Trident SES (Space Electronics Systems), Trident ICS (Integrated C4ISR Systems) and Trident OPS (Optical Precision Systems).
“By uniting our teams under the Trident brand and streamlining our structure into focused divisions, we are better positioned to innovate and scale to meet the needs of our defense and national security partners,” said Hattrup.
McLean-Based Qubrid AI Launches Startup Accelerator Program
McLean, Va. – Qubrid AI, a McLean-based provider of GPU cloud infrastructure and AI software, said on Monday it has launched its Startup Accelerator Program, which will provide selected AI startups with up to $100,000 in platform credits or 1,000 GPU cloud hours. The resources will allow fledgling companies to train, fine-tune and deploy advanced AI models, including generative AI, computer vision and large language models, without the need for costly infrastructure investments. Startups can apply here.
Briefly Noted
(McLean, Va.) Range, the McLean-based AI wealth management platform, has named two new senior executives to its management team. Meg Rose, formerly at AWS, has been named VP of Engineering; and Steve Kim, formerly of Expion Health and DrFirst, has been named VP of Finance.
(Washington, DC) The DC-based Entertainment Software Association (ESA), an industry association for the U.S. video game industry, has named Jason Mahler as its senior vice president of government affairs. Mahler previously spent more than a decade at Oracle, where he was vice president of government affairs.
(Washington, DC) The National Education Association (NEA), the DC-based labor union, representing nearly 3 million teachers and faculty, said it has received an initial $325,000 grant from Microsoft Elevate to help expand artificial intelligence (AI) education. The partnership will also provide opportunities for educators to inform the development of Microsoft’s AI tools.
(Reston, Va.) The Reston-based Public Interest Registry (PIR), a nonprofit that operates the .org top-level domain, said it has begun accepting applications for its advisory council. The council provides input and recommendations on issues affecting the .org community, including noncommercial Internet users, nonprofits and mission-driven organizations.
(McLean, Va.) McLean-based management and technology consulting firm Attain Partners said it has promoted Alexander Brown to managing director, leading the firm's Enterprise Advisory Capability (EAC). Brown will guide the firm's technology strategy, ERP transformation and application modernization offerings.
(College Park, Md.) College Park-based quantum computing and networking company IonQ has named Dean Acosta as its chief corporate affairs and government relations officer. Acosta most recently served as the senior vice president and chief communications officer at Lockheed Martin.