Latest news with #Verus
American Military News
3 days ago
- Business
- American Military News
Alabama defense contractor acquires Albuquerque's Verus Research
The Albuquerque-based Verus Research on Monday announced that Alabama-based contractor Radiance Technologies acquired it over the weekend. The companies hope the move, effective as of Sunday, will expand their combined capabilities across the energy, space, prototyping, cybersecurity, data science and artificial intelligence fields. The New Mexico research and development company will maintain its local operations as a wholly owned subsidiary of Radiance. Verus Research CEO Grady Patterson declined to disclose the amount of the deal. 'By combining those two (companies), we're able to leverage each other's strengths,' Patterson said in an interview. The acquisition aligns with state efforts to establish itself as a tech hub, leveraging its rich R&D legacy at places like Sandia National Laboratories and Los Alamos National Laboratory while expanding into emerging areas such as quantum computing and artificial intelligence. Radiance Technologies, founded in 1999, is an employee-owned prime contractor with more than 1,000 employee-owners across the U.S. It works with the U.S. Department of Defense and other national intelligence firms, and already has a presence in New Mexico through project offices at Kirtland Air Force Base and White Sands Missile Range. Much of Verus' work also involves the DOD, Mark DelGrande, the chief technology officer at Verus, told the Journal in a Business Outlook podcast episode last year. Patterson described the work at Verus as 'cutting-edge technical prototyping, hardware development, proof of concept,' whereas Radiance has a deep technical domain. Patterson said there will be no job consolidations at Verus as part of the acquisition. Verus, which has appeared four times on the Inc. 5000 list and was founded in 2014, expanded its New Mexico presence in 2021 with a 41,000-square-foot building in southeast Albuquerque. It recently opened a 27,000-square-foot remodeled office and laboratory space with state-of-the-art robotics and radio frequency design capabilities, according to a news release. 'We're not leaving the community,' Patterson said. 'We're not refocused off the community. Our engagement will still be with the surrounding community. We're still here to help build that tech hub for New Mexico.' He acknowledged that acquisitions can be nerve-wracking, but said this takeover by Radiance will ultimately bring growth to the state. 'Instead of one-off proof of concepts, it might be larger, higher-tech maturity systems that are being used by our warfighters on a shorter time scale,' Patterson said. ___ © 2025 the Albuquerque Journal Distributed by Tribune Content Agency, LLC.
Associated Press
17-03-2025
- Business
- Associated Press
Verus LLC Welcomes Perry Cozzone and The Honorable Donald M. Remy to Its Board of Managers
Verus LLC Strengthens Leadership with the Appointment of Perry M. Cozzone and The Honorable Donald M. Remy to its Board of Managers 'Their expertise and strategic insight will help shape Verus' future as we enhance our services and deliver greater value to clients.' — Knut Fenner, President & CEO of Verus. PRINCETON, NJ, UNITED STATES, March 17, 2025 / / -- Verus LLC is pleased to announce the appointment of Perry M. Cozzone and The Honorable Donald M. Remy to its Board of Managers. These distinguished leaders bring extensive experience in business transformation, governance, and strategic growth, further strengthening Verus' ability to serve its clients and expand its market presence. Cozzone and Remy join David Griffith as outside members of the Board, providing diverse perspectives and expertise that will support Verus in driving innovation and operational excellence. 'We are thrilled to welcome Perry and Donald to our Board of Managers,' said Knut Fenner, President & CEO of Verus. 'Their leadership, industry expertise, and strategic insight will be instrumental in shaping the future of Verus as we continue enhancing our services and delivering value to our clients.' Perry Cozzone is a seasoned executive with over 25 years of leadership experience across global industries, specializing in digital technology transformation, business growth, and operational excellence. He has held key leadership roles as CEO, President, and CIO at organizations including CRC Industries, Colorcon, and TM1 Software. He also serves on the Board of the National Association of Asian American Professionals (NAAAP) and the Corporate Advisory Board of West Chester University in West Chester, PA. The Honorable Donald M. Remy brings a wealth of experience from government, corporate, and legal sectors. He previously served as Deputy Secretary of the U.S. Department of Veterans Affairs, overseeing the nation's largest integrated healthcare system. A decorated U.S. Army veteran, accomplished attorney, and former COO & CLO of the NCAA, Remy has been recognized with the U.S. President's Lifetime Achievement Award for his service. He currently serves on the Boards of the Mayo Clinic, AlixPartners, and Granicus, among others. For more information about Verus LLC and its leadership, visit Verus LLC Board of Managers. Verus LLC +1 609-874-0128 Legal Disclaimer:
