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Calif. firm buys controlling stake in Vienna home security company
Palo Alto, California-based investment firm Twin Point Capital purchased a controlling stake in Vienna-based home security company Frontpoint Security, the company announced last week. Financial terms of the transaction were not disclosed. Founded in 2007 by Chris Villar, Aaron Shumaker and Peter Rogers, Frontpoint provides home security, life safety and smart home products and services […]
Dulles software company to buy Texas-based firm
Dulles-based software company Unanet announced Wednesday it will acquire Austin, Texas-based customer relationship management software company Cosential. Terms of the transaction were not disclosed. Unanet provides project management software, timesheet software, expense reporting software and other human resources software to federal government contractors, architects and engineers (A/E). Cosen[...]
The Hilb Group acquires Md.-based insurance company
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it acquired Annapolis, Maryland-based Insurance Solutions (ISI), effective Oct. 1. Transaction details were not disclosed. This marks THG’s 12th acquisition within the past year. Founded in 1989, ISI is a full-service employee benefits agency specializing in health, dental, life and disability benefits. As pa[...]
Reston government contractor to buy Alexandria tech company
Reston-based government IT contractor Xenith Solutions LLC announced Thursday it will acquire Alexandria-based tech company TRI-COR Industries (TCI). Terms of the transaction were not disclosed. Founded in 1983 by Louis Gonzalez, TCI provides large-scale, enterprise agile tech services to federal and local governments. Xenith Solutions is a service-disabled veteran-owned small business that prov[...]
Charlottesville solar company acquires Calif. firm
Charlottesville-based Sigora Solar announced Wednesday it has acquired Rancho Cordova, California-based Aztec Solar. Terms of the transaction were not disclosed. “Through the strategic acquisition of Aztec Solar, Sigora is realizing our goal to be a national leader in energy,” Sigora Solar CEO Logan Landry said in a statement. “We at Sigora are driven by a […]
Reston cyber intelligence business acquired by Baltimore cybersecurity firm
Cyber intelligence company Cyveillance, a Reston-based business unit of LookingGlass Cyber Solutions Inc., has been acquired by Baltimore-based cybersecurity firm ZeroFOX, the companies announced Tuesday. Terms of the acquisition were not released. Under the acquisition, ZeroFOX will absorb Cyveillance’s more than 130 employees and more than 100 customers. “Our merger with the Cyveillanc[...]
DXC Technologies finalizes $5B spinoff of health, human services business
Tysons-based Fortune 500 IT services company DXC Technology has completed the sale of its U.S. State and Local Health and Human Services business to private equity firm Veritas Capital for $5 billion, the Fortune 500 company announced Monday. DXC Technology announced in March it would sell the business unit, which provides technology enabled, mission critical […]
ASGN Inc. buys Fredericksburg data science firm
ASGN Inc., which is moving its headquarters from California to Henrico County this month, announced Tuesday it has acquired Fredericksburg-based remote sensing and data science provider Skyris Inc. Terms of the transaction were not disclosed. ASGN is the parent company of Glen Allen-based recruiting firm Apex Systems LLC. The acquisition will allow ASGN to provide […]
Universal Corp. completes acquisition of dehydrated foods company
Richmond-based international tobacco leaf supply company Universal Corp. announced Thursday it has completed the acquisition of Momence, Illinois-based dehydrated vegetable, fruit and herb processing company Silva International for $170 million in cash. The acquisition was previously announced in early September. Silva will operate as part of Universal’s plant-based ingredients platform, w[...]
Atlanta health care research company buys Falls Church tech firm
Atlanta-based health care research company DLH Holdings Corp. announced Thursday it has acquired Falls Church-based health care technology provider Irving Burton Associates (IBA). DLH is a publicly traded health care research company focused on the federal government and IBA provides health care technology to the military. IBA employs approximately 115 people and its clients include […]
Morgan Stanley expected to complete $13B E-Trade acquisition Friday
Morgan Stanley announced Thursday it has won regulatory approval and expects to complete its $13 billion acquisition of Arlington-based online brokerage E-Trade Financial Corp. on Friday. In late July, E-Trade announced that more than 99% of its stockholders had approved the acquisition, which will be one of the largest acquisitions of a local company in […]
Genworth’s $2.7B acquisition by Chinese company faces new hurdle
Henrico County-based Genworth Financial Inc. announced Thursday that China-based Oceanwide Holdings Group Co. Ltd. has reached an agreement with Hony Capital on the commercial terms and conditions of its $1.8 billion offshore financing plan to complete its acquisition of Genworth. However, Oceanwide has not reached a final agreement on all terms and conditions due to […]
