Aeris Acquires Ericsson's IoT Accelerator and Connected Vehicle Cloud Businesses

TA Associates Makes Strategic Minority Investment in Aeris

November 23, 2025

Cloud & SaaS

TA Associates has made a strategic minority growth investment in Aeris, a long-standing provider of SaaS-based IoT connectivity solutions. The capital will support Aeris' global expansion and product development—particularly in agentic AI, IoT security, and partner integrations—while TA will join Aeris' board; financial terms were not disclosed.

Project Canary Acquires Aeris Technologies

March 24, 2022

Environmental Services

Project Canary, a Denver-based climate tech and environmental assessment company, has acquired Hayward-based Aeris Technologies, a maker of laser-based gas analyzers and leak detection systems. The acquisition makes Aeris a wholly owned subsidiary of Project Canary and expands Project Canary's measurement capabilities and addressable end markets beyond oil and gas into utilities, landfills, agriculture, and other industrial sectors.

Vectra AI Acquires Siriux Security Technologies

January 25, 2022

Cybersecurity

Vectra AI acquired Siriux Security Technologies to extend its identity and SaaS posture management capabilities, integrating Siriux's analytics for Microsoft Azure AD and Microsoft 365 into Vectra's AI-driven threat detection platform. Siriux will operate under the Vectra brand; financial terms were not disclosed.

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.

AeroVironment Acquires Arcturus UAV for $405M

January 13, 2021

Aerospace & Defense

AeroVironment, Inc. (NASDAQ: AVAV) will acquire Arcturus UAV, Inc., a Petaluma, California–based developer and manufacturer of Group 2 and 3 unmanned aircraft systems, for a total purchase price of $405 million (approximately $355 million cash and $50 million in AeroVironment stock). The acquisition expands AeroVironment's product portfolio into higher-value Group 2 and 3 UAS segments, adds Arcturus’s ~270 employees and COCO services capability, and is expected to be accretive to adjusted EBITDA and GAAP EPS in fiscal 2022.

uAvionix Corporation Acquires Iris Automation

October 24, 2023

Aerospace & Defense

uAvionix Corporation has acquired Iris Automation, combining uAvionix's communications, navigation and surveillance (CNS) capabilities with Iris Automation's computer vision-based Detect and Avoid (DAA) systems. The deal strengthens uAvionix's ability to offer a multi-layered safety architecture for crewed and uncrewed aircraft and includes a leadership change with Jon Damush (former Iris CEO) named CEO of uAvionix.