Radiance Technologies (Radiance), a 100% employee-owned prime contractor that delivers innovative solutions to the Department of Defense (DoD) and intelligence community, is proud to announce the acquisition of XL Scientific, LLC (dba Verus Research), a research and development company headquartered in Albuquerque, New Mexico.
This acquisition aligns with Radiance’s mission to provide tailored scientific and engineering solutions that empower our warfighters and support national security. By integrating Verus Research’s expertise and resources, Radiance is better positioned to address its customers’ unique challenges while delivering innovative solutions that uphold the highest standards of precision and reliability.
“Radiance continues to invest in our future and the future of our customers,” said Bill Bailey, CEO of Radiance. “By joining forces with Verus Research, we add richer capability in a range of cutting-edge defense technologies while fostering our employee-ownership culture.”
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Together, the two companies have extensive capabilities across multiple domains including directed energy, space, test and training, prototyping, cybersecurity, data science, and AI and machine learning. The addition of Verus Research’s nuclear science capabilities represents a significant enhancement to Radiance’s portfolio of advanced defense solutions.
Grady Patterson, CEO of Verus Research, leads the research and development contractor in support of an array of DoD customers. Patterson stated, “Becoming a subsidiary of Radiance brings an unmatched depth of capability to our customers whose mission is to protect our great nation. Our companies have aligned values and mission-mindedness that serve our customers’ interests.”
SOURCE: PRNewswire