June 12, 2014 | by Angela Sormani
Enlightenment Capital has backed PIXIA, a developer of high-performance, big-data access solutions. Financial terms of the transaction were not disclosed.
Enlightenment Capital, an aerospace, defense, and government-focused investment firm based in the Washington, DC area, announced that it has made a strategic investment in PIXIA, Corp., a leading developer of high-performance, big-data access solutions for the Department of Defense and Intelligence Community. In addition to the investment, Enlightenment will serve as a strategic partner for the business going forward. Financial terms of the transaction were not disclosed.
Based in Reston, VA, PIXIA specializes in the development of software solutions that enable their customers to access, in real-time, high-volume datasets such as wide area surveillance imagery, full motion video, and light detection and ranging data from a wide variety of sensor platforms. The Company's software solutions combine the data from these sources into a common operating platform, transforming multiple sets of highly valuable, but previously disparate, datasets into one cohesive geospatial information environment.
PIXIA's software is currently used by federal agencies including the Department of Defense and Intelligence Community. The Company has recorded a compound annual growth rate of +30% over the last four years as it continues to expand its reach into leading federal agencies as well as commercial and international markets.
"We are thrilled to partner with Co-Founders Rudi and Pat Ernst, and support their efforts to expand PIXIA's capabilities and customer set," said Devin Talbott, Managing Partner of Enlightenment Capital. "PIXIA brings a much-needed capability to the big-data market, namely extracting valuable information quickly and getting that information to those in the field engaged in national security missions."
"PIXIA supports the leading-edge of the nation's intelligence and defense efforts. We are enthusiastic about the growth opportunities that lie ahead for PIXIA and look forward to supporting the team as it continues to pursue both federal and commercial opportunities," added Pierre Chao, Managing Partner of Enlightenment Capital.
"Enlightenment is the perfect partner, as we embark on this next stage in PIXIA's evolution," said Rudi Ernst, CEO and Co-Founder of PIXIA. "They bring a unique combination of financial and industry expertise, and offer a welcome complement to our already stellar team."
PIXIA is the industry leader in high-performance scalable data access solutions for a variety of high-volume data problems such as Wide Area Motion Imagery (WAMI), Full Motion Video (FMV), and Geospatial-Intelligence (GEOINT) data. Its core technology focuses on increased storage I/O, scalability and interoperability to power large datasets to be accessed anywhere within a cloud environment. PIXIA's three product lines, HiPER LOOK®, HiPER STARE® and HiPER WATCH®, provide a broad range of options to address geospatial and video enterprise storage needs. For more information, visit www.pixia.com.
Enlightenment Capital, a Washington, DC-area based private investment firm, provides senior debt, mezzanine debt, and minority equity to small and mid-sized companies in the Aerospace, Defense & Government (ADG) sector. The firm partners with management teams, equity sponsors, and those businesses that provide vital services, protect critical infrastructure, innovate aerospace solutions, safeguard national security, and endeavor to meet the challenges of today and tomorrow. For more information, visit www.enlightencap.com.