SilverEdge Government Solutions, backed by Godspeed Capital Management, has purchased QVine for an undisclosed sum.
QVine offers a software development platform, Soar, that allows intelligence community organizations to create custom SaaS solutions.
This is technology M&A deal number 888 that MSSP Alert and sister site ChannelE2E have covered so far in 2022.
SilverEdge, founded in 2022, is based in Columbia, Maryland. The company has 63 employees listed on LinkedIn. SilverEdge's areas of expertise include defense and intelligence.
QVine, founded in 2001, is based in Herndon, Virginia. The company has 89 employees listed on LinkedIn. QVine's areas of expertise include business intelligence (BI), software engineering and machine learning (ML).
With the acquisition, QVine's current leadership and management team will remain, SilverEdge indicated. This team also will co-invest equity in the transaction.
What the QVine Acquisition Means for SilverEdge
QVine's SOAR software development platform complements SilverEdge's capabilities. It allows SilverEdge to expand its service and solutions offerings and "become the cyber and technology solutions provider of choice," SilverEdge CEO Robert Miller said.
In addition, QVine enables SilverEdge to "develop an internal technology and software development platform capability," the companies noted. It also enhances SilverEdge's ability to help its intelligence community customers address cyber threats that impact national security.
A Closer Look at QVine's Soar Platform
Soar is a low-code platform with a modular, open architecture, QVine said. It is designed to help intelligence community organizations create SaaS solutions faster and more affordably than ever before. Soar is available at a monthly fixed price or pay as you go.
Soar's key features include:
- Artificial intelligence
- Business intelligence
- Content management
- Machine learning
Along with Soar, QVine offers cloud consulting services. It does not currently offer a channel partner program but may look to provide one in the future.
