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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[...]
Genworth to move forward on $2.7B acquisition by Chinese company
Henrico County-based Genworth Financial Inc. announced Monday that it does not intend to exercise its right to terminate the $2.7 billion merger agreement with China-based Oceanwide Holdings Group Co. Ltd. as of Aug. 31. According to a statement from Genworth, the insurance company’s board of directors and management team determined that Oceanwide provided satisfactory information […]
Rosetta Stone to be acquired by Dallas company for $792M
Arlington-based language learning company Rosetta Stone Inc. will be acquired by Dallas-based digital education company Cambium Learning Group Inc. (backed by private equity firm Veritas Capital Management LLC) for $792 million, the company announced Monday. The transaction is expected to close during the fourth quarter this year. “This transaction represents the next step on a […]
Palo Alto Networks to acquire McLean tech firm for $265M
California-based cybersecurity powerhouse Palo Alto Networks announced Tuesday that it has entered into a definitive agreement to acquire The Crypsis Group, a McLean-based incident response, risk management and digital forensics consulting firm, in a $265 million, all-cash transaction. The firm’s CEO, Bret Padres, will join Palo Alto Networks. The Crypsis Group currently operates as part [&h[...]
Wash.-based telecomm company buys Vienna satellite tech firm
Redmond, Washington-based mobile communications company Kymeta Corp. announced Tuesday it has acquired Vienna-based satellite technology company Lepton Global Solutions LLC. Financial terms of the transaction were not disclosed. Lepton will become a wholly owned subsidiary of Kymeta under the acquisition. Founded in 2013, Lepton provides satellite communication services to intelligence agencies,[...]
D.C. private equity firm sells Chantilly tech firm for $827M
Washington, D.C.-based private equity firm Arlington Capital Partners announced Wednesday it has agreed to sell Chantilly-based technology contractor Centauri to Houston-based KBR Inc. (a former Halliburton subsidiary) for $827 million. The acquisition will expand KBR’s presence in the military space, defense modernization and cybersecurity sectors, according to the engineering, procuremen[...]
Fairfax defense contractor acquires Dallas aviation company
Fairfax-based defense contractor MAG Aerospace announced Monday it has acquired Dallas-based aviation company Remotely Piloted Solutions (RPS). A transaction amount was not disclosed, but the acquisition adds more than 300 C5ISR (command, control, computers, communications, cyber, intelligence, surveillance and reconnaissance) professionals to MAG’s workforce. “RPS has grown consider[...]
CACI International acquires Mont.-based aerospace company
Arlington-based federal technology contractor CACI International Inc. announced Wednesday it has acquired Belgrade, Montana-based aerospace company Ascent Vision Technologies LLC (AVT). A transaction amount was not disclosed. Founded in 1962, CACI specializes in enterprise and mission technology. The company has approximately 23,000 employees and is on the Fortune 1000 list. AVT provides technolog[...]
3Pillar buys Costa Rica-based software company
Fairfax-based product lifecycle management company 3Pillar Global Inc. announced Thursday it has acquired Costa Rica-based software development company Isthmus Software. A transaction amount was not disclosed. “The acquisition of Isthmus brings expanded engineering excellence and development expertise to the 3Pillar team, but more, their leadership and team members share our strong core set of[...]
Blue Ridge, Bay Banks announce merger
Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, announced Thursday it will merge with Richmond-based Bay Banks of Virginia Inc., parent holding company of Virginia Commonwealth Bank, in an all-stock transaction to create a bank with pro forma total market capitalization of nearly $200 million. Under the terms of the […]
Sentara Healthcare to merge with N.C. health system
Norfolk-based Sentara Healthcare announced Wednesday it has signed a letter of intent to combine organizations with Greensboro, North Carolina-based Cone Health. Transaction details were not disclosed. Sentara President and CEO Howard P. Kern will oversee the combined organization, which will have about $11.5 billion in combined revenue. The corporate headquarters of each organization will remain [...]
Reston federal contractor acquires Md. IT company
Reston-based government contractor EverWatch (which operates under private investment firm Enlightenment Capital) announced Monday it has acquired Columbia, Maryland-based information technology contractor BrainTrust Holdings. A transaction amount was not disclosed, but this marks EverWatch’s seventh and largest acquisition, according to a statement from Chevy Chase, Maryland-based Enlight[...]
