G2Xchange Announces Agreement to Acquire GovAIQ, Expanding Accessible AI Capabilities for Government Contractors
WASHINGTON, May 15, 2024 (Newswire.com) - G2Xchange, a leader in software solutions that facilitate growth for government contractors, today announced it has entered into an agreement to acquire GovAIQ, an innovator in artificial intelligence technologies and deep learning applications tailored for the government contracting sector. This strategic move is set to enhance G2Xchange’s comprehensive suite of tools by integrating advanced AI capabilities beyond conventional government contracting software offerings.
GovAIQ brings a wealth of deep learning expertise and advanced tools designed to augment human decision-making processes. This acquisition enables G2Xchange to offer a broader range of AI-driven solutions, empowering clients to enhance their competitive edge, drive operational efficiency, and achieve sustainable growth in the rapidly evolving and hyper-competitive government contracting landscape.
“Through this acquisition, we continue to embrace a future where AI intersects with every facet of government contracting,” said Ron Jones, CEO of G2Xchange. “GovAIQ’s deep learning technologies and the team’s expertise are pivotal as we continue to enhance our platform, propelling it toward becoming the definitive operating system for government contractors.”
Dr. Tony Hoang, co-founder of GovAIQ, will continue to play a crucial role as an advisor to G2Xchange post-acquisition. "Joining G2Xchange marks a new chapter for our technologies and team," Dr. Hoang added. "We are excited to bring our deep learning solutions to a wider audience and integrate our capabilities into a platform that’s shaping the future of government contracting."
Contact: Ron Jones
Chief Executive Officer, G2Xchange
Email: media@g2xchange.com
About G2Xchange
G2Xchange provides software solutions that support the operational and strategic needs of government contractors, helping them maximize efficiency and market performance.
Website: https://g2xchange.com
About GovAIQ
GovAIQ specializes in developing advanced AI technologies, including deep learning tools that enhance proposal management, market analysis, and decision-making processes for government contractors.
Website: https://govaiq.com
Source: G2Xchange
