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Atlanta firm acquires Reston telecommunications company
Atlanta-based investment company Battle Investment Group has acquired Reston-based telecommunications company Oceus Networks, the company announced Tuesday. A transaction amount was not disclosed. As part of the acquisition, former Oceus Networks CEO Jeff Harman will be promoted to president. Brad Antle, the former CEO of Fairfax-based software company Salient CRGT Inc., will serve as executiv[...]
OneWeb co-acquired by Maryland-based Hughes
Germantown, Maryland-based Hughes Network Systems LLC has joined a coalition with the United Kingdom government and Bharti Enterprises Ltd. of India to acquire London-based OneWeb, which has its U.S. headquarters in McLean, out of bankruptcy. Hughes invested $50 million in the coalition to acquire OneWeb, which has plans to launch a constellation of 650 low […]
Autodesk buys Herndon software startup
San Rafael, California-based Fortune 1000 design and construction software company Autodesk Inc. announced Thursday it is acquiring Herndon-based construction project management software developer Pype. A transaction amount was not disclosed. This marks Autodesk’s ninth investment in a construction technology startup company, however. Since 2017, Autodesk has acquired Assemble, BuildingC[...]
Alexandria telecom firm buys New York company
Alexandria-based telecommunications company InSite Wireless Group LLC announced Wednesday it has acquired Great Neck, New York-based Repeater Communications Group LLC, an operator of leased rooftop telecommunications sites in the New York City area. A transaction amount was not disclosed. InSite Wireless is a privately owned company that manufactures tower and wireless infrastructure. With the a[...]
The Hilb Group makes 10th acquisition within past year
In its second acquisition announcement of the week, Henrico County-based insurance company The Hilb Group LLC (THG) on Wednesday announced it has acquired Michigan-based CIA Financial Group Inc. The transaction was effective July 1. A transaction amount was not disclosed. Since 2015, THG has acquired more than 60 companies. The purchase of CIA Financial is […]
Calif.-based cybersecurity firm buys Herndon cloud security company
Sunnyvale, California-based publicly traded cybersecurity company Fortinet announced Tuesday it has acquired Herndon-based cloud security company OPAQ Networks. A transaction amount was not disclosed. OPAQ Networks is a venture-backed company that raised $22.5 million in Series B financing in 2018, led by Greenspring Associates. Columbia Capital and Harmony Partners also provided financing. Fort[...]
The Hilb Group acquires Mass.-based insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday it has acquired Chatham, Massachusetts-based Eldredge & Lumpkin Insurance Agency Inc. (E&L). The transaction was effective July 1. Financial terms of the acquisition were not disclosed. E&L is a full-service agency that provides property and casualty insurance. The E&L team, including its owners Alan [...]
E-Trade stockholders approve $13B acquisition by Morgan Stanley
Arlington-based online brokerage E-Trade Financial Corp. announced that on Monday more than 99% of its stockholders approved its $13 billion acquisition by Morgan Stanley, which was first announced in February. E-Trade stockholders will receive 1.0432 Morgan Stanley shares for each of their E-Trade shares as a result of the acquisition. The deal is expected to […]
Montreal investment firm buys Herndon software company
Montreal-based software company investor Valsoft Corp. announced Thursday it will acquire Herndon-based AllTrust Networks, which provides check cashing software. A transaction amount was not disclosed. “We are proud of what we’ve accomplished and want to continue in that direction within Valsoft,” AllTrust CEO Karl Lewis said in a statement. “We have invested significantly in the[...]
Private equity firm acquires Herndon tech company
Herndon-based tech company Exostar LLC announced Tuesday it has been acquired by Chicago-based private equity firm Thoma Bravo LLC. The acquisition was first announced in early June. The transaction amount was not disclosed. Exostar is a cloud-based platform that allows companies to securely share information and operate with security compliance. The platform is used by […]
Genworth Financial acquisition delayed again
The $2.7 billion acquisition of Henrico County-based Genworth Financial Inc. by China-based Oceanwide Holdings Group Co. Ltd. has been postponed — yet again — the companies announced Tuesday. The Virginia State Corporation Commission’s Bureau of Insurance reapproved the merger, and the companies agreed to a 15th waiver and agreement to each party’s right to terminate […]
Reston security firm acquired by French company
Reston-based managed security firm Paladion will be acquired by Bezons, France-based information technology company Atos. A transaction amount was not disclosed. “We found with Paladion a mature team and advanced technology built to deliver outcomes and reduce customers risks,” Pierre Barnabé, Atos senior executive vice president and head of big data and cybersecurity, said in […]
