G2Xchange to Acquire GovAIQ, Expanding AI Tools for Government Contractors

WASHINGTON, DC – G2Xchange, a leading provider of software solutions for government contractors, announced an agreement on May 15, 2024, to acquire GovAIQ, a company specializing in artificial intelligence and deep learning technologies. This acquisition aims to enhance G2Xchange’s offerings by integrating advanced AI capabilities, thereby extending the functionality beyond traditional software used in government contracting.

GovAIQ’s expertise in deep learning will enable G2Xchange to offer a more diverse set of AI-driven solutions. This move is designed to improve decision-making processes, increase operational efficiency, and foster sustainable growth for clients in the highly competitive government contracting sector. Ron Jones, CEO of G2Xchange, highlighted the acquisition's role in integrating AI across all aspects of government contracting to boost performance and efficiency.

Dr. Tony Hoang, co-founder of GovAIQ, will join G2Xchange as an advisor to help incorporate GovAIQ’s technologies into G2Xchange’s platform. Hoang expressed enthusiasm about reaching a broader audience and advancing the platform’s role in government contracting.