What NuWave Technologies does

NuWave Technologies, Inc. is a privately held software vendor specializing in REST-based middleware and API integration for the HPE NonStop ecosystem, serving financial services and other mission-critical enterprises that run fault-tolerant NonStop systems for core banking, payment processing, and transaction workloads. The company's product portfolio is anchored by the LightWave family — LightWave Server (exposes NonStop applications as REST APIs, launched October 2016) and LightWave Client (enables NonStop applications to consume external REST services, launched June 2017), supplemented by Prizm Gateway (API gateway for traffic management, authentication, and DoS protection, GA August 2022), S3Utils (AWS S3 data transfer), Authentication Exits (OAuth2/JWT support), LightWave Client with Kafka (event streaming), and Certificate Lifecycle Management. Customers include Raymond James, RBC Royal Bank, First Data, Fiserv, and RedLink, with the company claiming service to numerous Fortune 500 and Global 2000 firms across North America, Latin America, and the UK.

The company operates a direct enterprise sales motion targeting large NonStop operators, supplemented by community presence at the NonStop Technical Boot Camp and integration partnerships such as the 2020 alliance with Insider Technologies. Revenue is generated through one-time/perpetual enterprise software licensing on multi-year quote-based contracts; no public pricing is disclosed. Founded by Ernie Guerrera (who passed away in 2022), NuWave was acquired in April 2026 by an ownership group led by Casey Krasner, who now serves as CEO with a stated focus on AI-driven integration and accelerated growth.

Name

NuWave Technologies

Legal name

NuWave Technologies, Inc.

Website

https://nuwavetech.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

NuWave Technologies is a private software vendor building REST-based middleware — including LightWave Client, LightWave Server, and Prizm Gateway — that integrates HPE NonStop mission-critical systems with modern enterprise architectures for financial services and Fortune 500 customers.

Ownership category

akta.pro rank

Headquarters

HQ city

Nashua

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Software Licensing: NuWave generates revenue through licensing of its middleware software products including LightWave Client, LightWave Server, Prizm Gateway, and S3Utils. Products are sold as enterprise software licenses to organizations running HPE NonStop systems.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels6 records

Core offering

NuWave Technologies develops and licenses middleware software for HPE NonStop systems that enables mission-critical legacy applications to participate in modern REST-based and microservice architectures. Its LightWave product suite includes REST client and server middleware, an API gateway, and supporting utilities for cloud storage integration and certificate management, sold primarily to large financial institutions and Fortune 500/Global 2000 enterprises.

Product overview

NuWave Technologies provides a suite of HPE NonStop middleware and integration solutions, primarily organized around the LightWave product family. The core offerings include LightWave Client (REST client middleware for accessing external services) and LightWave Server (REST server middleware for exposing NonStop applications as services), which together account for the majority of customer adoption. Prizm Gateway serves as an API gateway layer providing centralized security and management. Supporting utilities include S3Utils for AWS cloud storage integration, Authentication Exits for token-based auth, and Certificate Lifecycle Management for automated certificate handling. The LightWave Client with Kafka variant extends the portfolio for event streaming use cases. The product portfolio is built on HPE NonStop's fault-tolerant architecture and focuses on REST-based modernization of legacy enterprise systems.

Differentiator

Problem solved

Functional benefit

Brands

• LightWave: Flagship product platform including LightWave Server and LightWave Client for HPE NonStop integration solutions.
• LightWave Client
• LightWave Server
• Prizm Gateway
• S3Utils

Products and services

• LightWave Server REST server middleware enabling HPE NonStop-hosted applications to be exposed as industry-standard REST web services accessible from virtually any computing platform, while maintaining security, reliability, and scalability.
• LightWave Client REST client middleware enabling HPE NonStop applications to securely access external REST web services, allowing integration with services on any platform or operating system with fault tolerance, security, and performance monitoring.
• LightWave Client with Kafka Variant of LightWave Client with Apache Kafka integration, enabling NonStop applications to produce and consume messages from Kafka event streaming platforms.
• Prizm Gateway API gateway for HPE NonStop that routes all API calls through a single point of entry, enabling traffic management, DoS protection, authorization and access control, service deployment, load balancing, and monitoring.
• S3Utils Utility enabling data transfer between native NonStop applications and enterprise cloud storage using AWS Simple Storage Service (S3).
• Certificate Lifecycle Management (CLM) Automated certificate lifecycle management solution for HPE NonStop software, modernizing how digital certificates are managed and renewed.

Named customers6 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature6 records

Partnerships

One partnership is on record.

• Insider TechnologiescoreTechnology or Integration · 23 March 2020Formal partnership between NuWave and Insider Technologies to extend NonStop product capabilities. NuWave's LightWave Server enables Insider Technologies to enhance their Reflex monitoring tool with real-time insights into NonStop performance and health. Status alerts, critical alerts, and historical data access are provided directly from the Reflex dashboard through REST-based integration.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• XYPRO: XYPRO is a long-standing HPE NonStop-native software vendor focused on security, compliance, and operations tooling for NonStop systems, making it the closest comparable niche-specialist peer to NuWave.
• ITRX (OpenText / Micro Focus heritage): ITRX historically delivered NonStop infrastructure, operations, and middleware tooling; it is a direct peer in the NonStop-specialized software stack that NuWave also addresses.
• Insider Technologies: UK-based NonStop monitoring and management vendor and a formal NuWave partner using LightWave Server inside the Reflex monitoring product — adjacent product surface, directly comparable customer base.

Broad incumbents

• HPE (NonStop Division): HPE owns and continues to evolve the NonStop platform itself and ships adjacent tooling; relevant because HPE's roadmap decisions directly govern NuWave's addressable market.
• MuleSoft (Salesforce): MuleSoft's Anypoint Platform is the broad enterprise incumbent in API-led integration and iPaaS, addressing the same enterprise integration use cases NuWave targets but as part of a much larger platform.
• IBM webMethods / API Connect: IBM's webMethods and API Connect are large-scale enterprise integration and API management platforms competing for the same modernization budgets that fund NuWave's NonStop middleware deals.
• Boomi (Dell Technologies): Boomi is a leading cloud-native iPaaS for connecting enterprise applications and APIs, representing the mainstream alternative NuWave competes against when customers consider replacing or bypassing NonStop-specific middleware.
• Axway: Axway sells API management, B2B integration, and MFT platforms targeting large enterprises, including financial services — directly comparable customers to NuWave's F500 banking book.

Emerging players

• WSO2: WSO2 provides open-source API management and integration middleware with enterprise editions, an emerging-platform peer whose API gateway and microservices tooling overlap with NuWave's Prizm Gateway.
• Kong: Kong offers a cloud-native API gateway and service mesh used to expose and secure REST APIs, providing the modern API-management pattern that NonStop APIs (via NuWave) increasingly need to integrate with.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/nuwave
• YouTubeyoutube.com/user/NuWaveTech
• LinkedInlinkedin.com/company/686804
• Facebookfacebook.com/nuwavetech

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about NuWave Technologies