Aurex Acquires Alpha 2

Mercury Systems Acquires Avalex Technologies Corporation

September 27, 2021

Aerospace & Defense

Mercury Systems, Inc. signed a definitive agreement to acquire Avalex Technologies Corporation, a Gulf Breeze, Florida-based provider of mission-critical avionics (rugged displays, communications management, digital video recorders, and warning systems). The all-cash asset purchase (subject to customary adjustments) is expected to be funded with cash on hand and the company's revolving credit facility; Avalex generated approximately $40 million of revenue for the year ended December 31, 2022 with ~25% adjusted EBITDA margins and the deal was expected to close in Mercury's fiscal Q2 2022 (subject to HSR clearance).

Auria Acquires BCubed Engineering

February 8, 2026

Aerospace & Defense

Auria, a portfolio company of Enlightenment Capital, has acquired BCubed Engineering Corporation, a Warrenton, Virginia–based developer of software-defined satellite communications, digital ground systems, and cloud-native command-and-control platforms. The acquisition expands Auria's C3 (command, control, communications) software and hardware capabilities to better serve customers including the U.S. Space Force, Special Operations Command, and the Intelligence Community; Auria now has more than 500 employees across multiple U.S. locations.

TokenEx Acquires Auric Systems International (AuricVault)

May 16, 2022

Cloud & SaaS

Cloud tokenization provider TokenEx has acquired Auric Systems International and its AuricVault cloud vaulting service. The acquisition is intended to broaden TokenEx’s product-led growth, expand its presence (notably into Latin America and Africa), and bring Auric’s fintech-focused customer base onto the TokenEx platform.

Enlightenment Capital Forms Auria by Merging Four Portfolio Companies

January 8, 2024

Aerospace & Defense

Enlightenment Capital has combined four portfolio companies—Boecore, Ascension Engineering Group, Orbit Logic, and La Jolla Logic—into a new space-focused platform called Auria, based in Colorado Springs. Auria will deliver mission planning, space domain awareness, satellite communications management and cybersecurity capabilities and will employ more than 400 people across the combined businesses. The consolidation is intended to broaden the customer base, expand capabilities and create a mid-tier contractor in the space and defense market.

DC Capital Partners Acquires AstreaX

May 10, 2024

Government & Public Sector

DC Capital Partners Management, LP has made a controlling investment in AstreaX, a provider of software development and implementation services for DMV and government IT modernization. The investment will support AstreaX's expansion of its IT modernization offerings, digital identity and super-portal solutions across additional state and provincial jurisdictions.

Auria (Enlightenment Capital Portfolio) Acquires RKF Engineering Solutions and Kythera Space Solutions

January 23, 2026

Aerospace & Defense

Auria, a Colorado Springs-based C3 software and solutions provider and portfolio company of Enlightenment Capital, has acquired RKF Engineering Solutions and Kythera Space Solutions, both headquartered in Bethesda, Maryland. The add-on acquisitions expand Auria's SATCOM engineering, spectrum management, and autonomous payload software capabilities to deliver end-to-end command, control, and communications (C3) solutions for U.S. Space Force, other government customers, and commercial SATCOM operators.