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acquisition

Photo courtesy U.Va. Health
Feb 18, 2021

U.Va. Health System to buy out Novant Health in NoVa partnership

The University of Virginia Health System has signed a letter of intent to buy out Novant Health U.Va. Health System, a Northern Virginia regional health system owned by the two institutions through a joint operating company that formed in 2016. Financial terms of the proposed acquisition have not been disclosed. Winston-Salem, North Carolina-based Novant Health […]

Feb 18, 2021

Herndon satellite company BlackSky to go public

Herndon- and Seattle-based global monitoring company BlackSky announced Thursday it will go public following its acquisition by Osprey Technology Acquisition Corp., a transaction that values the combined company at $1.1 billion. Under the transaction, the special purpose acquisition corporation will merge with the Herndon company. BlackSky’s shareholders will own 62% of common shares of the [...]

Feb 18, 2021

Tysons tech company buys Md.-based cybersecurity firm

Tysons-based tech company Applied Insight announced Wednesday it has acquired Hanover, Maryland-based cybersecurity firm Bridges Inc.  Financial terms of the transaction were not disclosed. Applied Insight is backed by private equity firm The Acacia Group and provides cloud, data and cyber services to federal government customers. Bridges also provides network security and analytics services usin[...]

Feb 16, 2021

Toronto acquisition firm buys Richmond software company

Volaris Group, a Toronto-based buyer and operator of vertical market software companies, announced last week it has acquired Richmond-based educational software company SoftChalk LLC. Financial terms of the transaction were not disclosed. Using the SoftChalk platform, instructors can develop custom course materials and interactive content, including quizzes and annotated text. “The team at Volar[...]

Feb 16, 2021

Serco. Inc. to acquire Reston contractor for $295M

Herndon-based tech company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) announced Tuesday it will acquire Reston-based H.I.G. Capital affiliate Whitney, Bradley & Brown for $295 million. The acquisition, which is expected to close during the second quarter of 2021,will increase Serco’s program management services for the Department of Defense, according to a [&hellip[...]

Federal Contractors | Technology
Feb 12, 2021

Perspecta CEO Mac Curtis retiring; Peraton CEO Stu Shea taking reins

Mac Curtis, the president, chairman and CEO of Chantilly-based federal IT contractor Perspecta Inc., plans to retire this year and will be replaced by the head of Peraton Inc., the Herndon-based national security contractor that is acquiring Perspecta, according to documents filed with the U.S. Securities and Exchange Commission. In an undated letter to employees, […]

Feb 11, 2021

NYC-based software company acquires Arlington Salesforce developer

New York City-based software company Togetherwork announced Wednesday it has acquired Arlington-based Salesforce developer Fonteva. Financial terms of the transaction were not disclosed.  Under the acquisition, Fonteva will operate as a business unit within Togetherwork and be led by Fonteva Chief Revenue Officer Pat McGlynn, who has been named president of Fonteva. The majority of […]

Feb 8, 2021

Calif.-based contractor buys Herndon spacecraft developer

San Diego-based energy and defense contractor General Atomics announced last week it has acquired Herndon-based spacecraft and space system developer Tiger Innovations Inc.  Financial terms of the transaction were not disclosed, but Tiger Innovations will become part of General Atomics’ electromagnetic systems (GA-EMS) group.  Founded in 1997, Tiger Innovations develops specialty software,[...]

Feb 2, 2021

The Hilb Group makes third acquisition announcement of 2021

Henrico County-based insurance company The Hilb Group LLC made its third acquisition announcement of the year, with the purchase of Lake Success, New York-based Rampart Brokerage Corp. & Affiliates. Financial details of the acquisition were not disclosed. Founded 55 years ago, Rampart Brokerage Corp. and Affiliates (RBC) employs nearly 200 people and serves as a […]

Feb 2, 2021

Carlyle Group buys two Va. tech companies; forms Two Six Technologies

An affiliate of Washington, D.C.-based global investment firm The Carlyle Group has acquired Virginia tech companies IST Research and Two Six Labs to form Two Six Technologies Inc., which will provide tech services to the intelligence community, the Department of Defense and other national security customers. Financial terms of the acquisitions were not disclosed, but […]

Feb 2, 2021

McLean tech contractor acquires Fairfax firm

McLean-based tech contractor IntelliBridge Inc. announced Monday it has acquired Fairfax-based tech company Alethix LLC. Financial terms of the transaction were not disclosed, but the acquisition will add DevSecOps and cloud services to IntelliBridge (which is backed by Enlightenment Capital), and also expand its clientele to include homeland security, federal-civilian and defense agencies. Founde[...]

Feb 1, 2021

DXC Technology says ‘non, merci’ to French company’s purchase bid

Three weeks after receiving an unsolicited and nonbinding offer to purchase all of its shares, Tysons-based Fortune 500 IT services company DXC Technology’s board has turned down the proposal from Paris-based IT company Atos SE, DXC announced Monday. According to DXC’s statement Monday night, its board determined Atos’ offer was too low and lacked certainty, […]

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