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Recent Articles from Sydney Lake
ABC reports record $1.2B in FY 2020 revenue
The Virginia Alcoholic Beverage Control Authority (ABC) broke its gross revenue record again during fiscal year 2020, reporting $1.2 billion in gross revenue, the ABC announced Wednesday. Last year, the state agency surpassed $1 billion in revenue for the first time. ABC’s profits of $545.3 million (an increase of $45.8 million over last year) will […]
Arlington, Chesterfield named top digital counties in U.S.
Chesterfield and Arlington counties (along with three California localities) tied for the top spot on the Center for Digital Government (CDG) and the National Association of Counties (NACo)’s 18th annual Digital Counties Survey, which was released Tuesday. The survey identifies the best technology practices among U.S. county governments by evaluating initiatives that streamline delivery of [&hel[...]
Va. reports 8% unemployment rate for July
Despite the ongoing pandemic, Virginia’s unemployment rate was 2.5% lower than the national average for the month of July, according to statistics released by the Virginia Employment Commission on Wednesday. For the month of July, the U.S. reported a 10.5% unemployment rate while Virginia reported an 8% unemployment rate, a 0.2% improvement from the month […]
Va. Credit Union League president to retire next June
The Virginia Credit Union League (VCUL) announced Wednesday that its longtime president, Richard D. “Rick” Pillow, will retire on June 30, 2021, after dedicating 40 years to the credit union system. “Anyone who has worked with Rick knows his passion for credit unions,” VCUL Board Chairman Patsy Stuard, CEO of Fort Lee Federal Credit Union, […]
ASGN Inc. to buy Boston consultancy for up to $72M cash
ASGN Inc., parent company of Glen Allen-based recruiting firm Apex Systems LLC, announced Tuesday it will acquire Boston-based consultancy LeapFrog Systems LLC for up to $72 million in cash. The goal of the transaction is to grow the companies’ commercial consulting business, adding services for financial services, insurance and health care clients. LeapFrog anticipates approximately […[...]
Arlington tech company names CEO
Arlington-based tech company Cobham Advanced Electronic Solutions (CAES) announced Monday it has hired Mike Kahn as CEO, effective Sept. 1. He replaces Shawn Black, who is leaving the business to pursue other opportunities. “We believe that Mike’s proven leadership capabilities and experience in engineering, manufacturing, mission assurance and programs will be of significant benefit to [&hell[...]
Vienna marketing software firm names chief revenue officer
Vienna-based marketing software company Surefire Local announced Tuesday it has hired Mike Pierce as its first chief revenue officer. Pierce most recently served as CRO for Digital Pharmacist Inc. and also served as senior sales director for Main Street Hub Inc. and director of sales for Yodle Inc. “With his strong leadership and exceptional track […]
McLean satellite operator to buy in-flight broadband biz for $400M
McLean-based communications satellite services provider Intelsat Corp. announced Monday it will acquire in-flight broadband connectivity provider Gogo Inc.’s commercial aviation business for $400 million. Under the acquisition, Intelsat plans to pair its satellite and ground network to Gogo’s base of more than 3,000 commercial aircraft, according to a company statement. The transaction is [...]
Newport News federal contractor acquires Vienna firm
Newport News-based federal contractor and professional services company ITA International announced Tuesday it has acquired Vienna-based management consulting firm Innovative Decisions Inc. (IDI). A transaction amount was not disclosed. IDI provides decision and risk analysis, operations research and systems engineering services for business and government customers, while ITA International provid[...]
SAIC wins $79M Air Force contract
The U.S. Air Force awarded Reston-based Fortune 500 federal contractor Science Applications International Corp. (SAIC) a five-year, $79 million contract to deliver mission engineering services to one of the branch’s missile systems, the company announced Tuesday. Under the contract, SAIC will work on the 414th Supply Chain Management Squadron’s Intercontinental Ballistic Missile (ICBM) LGM-30 [...]
