Albuquerque Business First has again recognized Verus Research as a New Mexico “top private company” on the publication’s 2025 list, coming in at #16 overall.

This marks the fifth consecutive year for Verus Research to earn this honor.

To make this prestigious list, a company must be a privately owned and for-profit enterprise with a substantial employee count and revenue base in New Mexico.

Albuquerque, N.M. – (June 2, 2025) – Verus® Research, a New Mexico-based team of scientists and engineers specializing in advanced research and development, announces it has been acquired by Radiance Technologies (Radiance), an Alabama-based, 100 percent employee-owned prime contractor that delivers innovative solutions to the Department of Defense (DoD) and intelligence community. Verus Research will become a wholly-owned subsidiary of Radiance while maintaining its operations in Albuquerque, N.M.

For more than 11 years, Verus Research has provided analysis, design, and proof of concept systems across the DoD in support of the U.S military. The company has developed and delivered cutting-edge solutions in high-power microwaves, radiation effects, electronic warfare, and autonomous controls for a variety of applications. The acquisition by Radiance Technologies allows Verus Research to deliver the same level of technical expertise and customer service while leveraging new capabilities in hypersonics, cyber, and high-energy lasers.

“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,” said Grady Patterson, CEO of Verus Research. “Based on our strong cultural similarities and the clear path to provide even more technical breadth and depth to our customers, we are confident this acquisition will create even more opportunities to support the nation’s defense.”

The 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.”

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.

By bringing together two established contractors with deep relationships across multiple DoD agencies and programs, the acquisition significantly expands Radiance’s customer base. This broader customer portfolio creates new opportunities for cross-collaboration and enhanced service delivery.

As a wholly owned subsidiary, Verus Research will maintain operations in Albuquerque ensuring continuity of service for existing customers while leveraging the combined organization’s enhanced capabilities and national presence. It recently opened 27,000 square feet of newly remodeled office and laboratory space, providing cutting-edge capabilities in robotics and radio frequency design. “We’re excited about this new chapter in our history of continuing to create solutions that matter,” Patterson said.

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About Verus® Research

Headquartered in Albuquerque, N.M., Verus Research is a team of scientists and engineers specializing in the research and development of electromagnetic technology, lasers, microwaves, radio frequency communication, multidisciplinary systems integration, and nuclear systems analysis. The company’s services include advanced research and technology, modeling and simulation architecture, tactical systems development and testing and strategic systems engineering. Performing in-depth analysis of current and future technologies and transforming complex theory into real-world solutions, Verus Research’s clients include defense contractors, military organizations and the armed services, aerospace organizations, technology companies and the national laboratories. Visit Verus Research’s website at Verusresearch.net and follow the company on LinkedIn and Facebook.

About Radiance Technologies:

Radiance Technologies is an employee-owned prime contractor founded in 1999. Radiance has over 1000 employee-owners across the United States serving the Department of Defense, the national intelligence community, and other government agencies. From concepts to capabilities, Radiance leads the way in developing customer-focused solutions in the areas of cybersecurity, systems engineering, prototyping, and integration, as well as operational and strategic intelligence, including scientific and technical intelligence. For more information, please visit radiancetech.com.

For media inquiries, please contact:               James Korenchen at JKPR, (505) 797-6671 or james@jameskorenchen.com.

Julia Parrish at Radiance Technologies, julia.parrish@radiancetech.com

Verus Research has secured a four-and-a-half year, $5.8 million award for science and technology developments in the Department of Defense Test Resource Management Center’s (TRMC) Electronic Warfare Test Technology Area.

Under this award, Verus Research has proposed Cognitive Information-Theoretic Attack-pod for Dynamic ELectronic-attack engagementS (CITADELS). CITADELS will support the TRMC’s need for the development of an airborne, adaptive electronic attack system that utilizes cutting-edge cognitive techniques to increase the effectiveness of electronic attack threat simulators against sophisticated “blue radar” systems during flight test events.

Dr. J. Mark DelGrande, Verus Research chief technology officer, said, “This effort, involving both cognitive signal processing and hardware realization, represents a substantial step for Verus Research into the domain of cognitive electronic warfare and intelligent waveform effectors.”

Verus Research has received a $1.2 million Small Business Innovation Research (SBIR) Phase II award to support the Air Force Research Laboratory’s High Power Microwave Division.

This Phase II win is for the Microwave Source with Frequency Tuning (MISFT), a novel concept for a tunable backward wave oscillator design customizable for many different center frequencies.

“The effort will involve fabrication, integration, and demonstration of the Phase I design,” according to Dr. J. Mark DelGrande, Verus Research chief technology officer. “MISFT represents another Verus Research high-power microwave design that will see first light in the company’s electromagnetics lab.”

Verus Research has secured a Defense Advanced Research Projects Agency (DARPA) contract to expand on its multi-phase effort. This project is in partnership with the Naval Research Laboratory (NRL).

Verus Research specializes in the research and development of radio frequency communications for high-power microwave (HPM) systems and nuclear engineering, with extensive modeling, simulation, testing and design work.

Under this one-year, $1.8 million contract, Verus Research will partner with NRL to continue its work on the Waveform Agile RF Directed ENergy (WARDEN) project, which began in 2021. To meet DARPA’s needs, the WARDEN contract seeks to develop agile waveform techniques for operational HPM use and demonstrate the application of agile HPM waveforms to dramatically reduce the HPM susceptibility of candidate electronic targets.

“This program was a multi-phase effort competed between various technology companies to see which solution best meets DARPA’s needs,” said J. Mark DelGrande, Verus Research chief technology officer. “Verus Research’s track record of providing superior solutions for our customers is why they return to us for further support.”

This award brings the DARPA WARDEN total to $5 million over the three phases.

In a string of honors reaching back to 2016, Verus Research is again on the Flying 40 list of New Mexico’s fastest growing technology companies.

In this 27th anniversary year for the Flying 40, Verus Research came in at number 4 for fastest growing companies, posting 48 percent revenue growth.

The awards celebrate the success of the homegrown firms included on the annual list, while also drawing the state’s attention to the critical role New Mexico’s technology sector plays in diversifying the local economy.

Flying 40 awards are sponsored and presented by the New Mexico Technology Council. You can find a complete list of this year’s honorees by visiting this link.

Albuquerque Business First has announced that Verus Research is again one of New Mexico’s fastest growing private companies.  This marks Verus Research’s 7th consecutive appearance on this list.

To qualify, companies must have a large percentage annual revenue growth over the three-year period, 2021-2023 with sales or revenue of at least $500,000 in 2021. They must also be privately held, for-profit companies, including wholly owned subsidiaries, be locally owned and based in New Mexico, and been in business all 12 months of 2021, 2022 and 2023.

Rankings were determined by companies’ percentage revenue growth.

NEW YORK, August 13, 2024 – Inc. revealed today that Verus Research ranks No. 4,705 on the 2024 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most dynamic segment—its independent, entrepreneurial businesses. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000.

“It is a privilege for Verus Research to again join the list of 5,000 fastest growing private companies in America,” said Grady Patterson, Verus Research CEO.  “In this, our fourth year in a row on this prestigious list, we are grateful to our amazing team members and stakeholders who contributed so much to make this journey successful.  We look forward to being on the list again in 2025.”

The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and seemingly intractable hiring challenges. Among this year’s top 500 companies, the average median three-year revenue growth rate is 1,637 percent. In all, this year’s Inc. 5000 companies have added 874,458 jobs to the economy over the past three years.

For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000. All 5000 companies are featured on Inc.com starting Tuesday, August 13, and the top 500 appear in the new issue of Inc. magazine, available on newsstands beginning Tuesday, August 20.

“One of the greatest joys of my job is going through the Inc. 5000 list,” says Mike Hofman, who recently joined Inc. as editor-in-chief. “To see all of the intriguing and surprising ways that companies are transforming sectors, from health care and AI to apparel and pet food, is fascinating for me as a journalist and storyteller. Congratulations to this year’s honorees, as well, for growing their businesses fast despite the economic disruption we all faced over the past three years, from supply chain woes to inflation to changes in the workforce.”

Albuquerque Business First has again recognized Verus Research as a New Mexico “top private company” on the publication’s 2024 list, coming in at #24 overall.

This marks the fourth consecutive year for Verus Research to earn this honor.

To make this prestigious list, a company must be a privately owned and for-profit enterprise with a substantial employee count and revenue base in New Mexico.