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8-story office building in Fairfax County sells for $9.5M
An eight-story office building in Fairfax County sold for $9.5 million on Dec. 19, 2023. Located at 4035 Ridge Top Road, the Crown Ridge at Fair Oaks is a 194,699-square-foot Class A office building near the intersection of U.S. Route 50 and Interstate 66. The previous owner recently completed a $1.1 million upgrade, including a […]
Acentra Health acquires workplace mental health biz
McLean-based health care solutions company Acentra Health announced Thursday that it has acquired EAP Consultants, a workplace mental health company known as Espyr that is based in Marietta, Georgia. Terms of the deal were not disclosed. Owned by Carlyle Group, Acentra was formed after its predecessor Client Network Services Inc. (CNSI) merged with health care […]
MicroStrategy buys $615.7M more bitcoin in December
Tysons-based tech company MicroStrategy and its subsidiaries continued to grow their cryptocurrency cache in December, nearing $8 billion in bitcoin holdings. The company and its subsidiaries purchased about $615.7 million worth of bitcoin — approximately 14,620 coins — in cash from Nov. 30 to Dec. 26, according to MicroStrategy’s Wednesday filing with the U.S. Securities […]
Parsons lands $250M classified contract
Parsons won a classified federal contract valued at more than $250 million, the Chantilly-based Fortune 1000 defense contractor announced Tuesday. “This award represents a critical task that the corporation and its acquired companies have been performing for over a decade,” according to a Parsons news release. The contract has a base period of one year […]
SAIC reorganizes C-suite, with changes effective in Feb.
Reston-based Fortune 500 federal contractor Science Applications International Corp. (SAIC) announced Monday that it is reorganizing its business, leading to four executives’ promotions and the departure of two others, effective Feb. 2, 2024. SAIC’s defense and civilian sector and national security and space sector will be replaced by five new business groups: Army, Navy, Air […[...]
Noblis CIO set to retire in April 2024
Gail Hogan, Noblis’ chief information officer and vice president, will retire after 44 years, the not-for-profit federal contractor announced Thursday. Her last day is April 5, 2024. In addition to overseeing the company’s IT workforce, Hogan assumed leadership for Noblis’ facilities, real estate and corporate asset management. Noblis has started an executive search for the [&hel[...]
HII’s Mission Technologies names new CIO
Newport News-based Huntington Ingalls Industries has named Marc Sosa as chief information officer for its McLean-based Mission Technologies division, the Fortune 500 contractor announced Thursday. Sosa will be responsible for all aspects of information technology, including guiding the division’s day-to-day leadership of information systems and aligning enterprise cybersecurity and IT goal[...]
Warner condemns FBI HQ site selection as ‘corrupt’
U.S. Sen. Mark Warner said Nov. 9 that the General Services Administration’s selection of Greenbelt, Maryland, instead of Fairfax County for the new FBI headquarters was a “corrupt” process, and that he expected better from the Biden administration. Warner’s comments followed an email that day from FBI Director Christopher Wray to the agency’s entire workforce, […]
HII division to boost intel sharing for Five Eyes alliance
Huntington Ingalls Industries’ McLean-based Mission Technologies division has received a three-year contract to provide information sharing capabilities between the Five Eyes intelligence alliance. Newport News-based HII announced the award Nov. 21; information about the award was not disclosed. The Pegasus contract is administrated by the Secretary of the Air Force’s Concept, Developm[...]
Private equity firm completes buy of Herndon’s Exostar
Arlington Capital Partners has completed its acquisition of Herndon-based cybersecurity company Exostar, the Chevy Chase, Maryland-based private equity firm announced Monday. The deal was announced in September, and financial terms were not disclosed. It comes a little more than three years after Exostar was acquired by Chicago-based Thoma Bravo, a private equity firm, in a […]
Mars to acquire British chocolatier for $662M
A subsidiary of McLean-based international candy and pet food manufacturer Mars, the largest privately held company in Virginia, has agreed to acquire Britain’s Hotel Chocolat for $662 million, Mars announced Thursday. Bidco, a wholly-owned subsidiary of Mars, will acquire Britain’s largest chocolate maker in a cash offer at 375 pence per share, or about $662 […]
McLean tech firm Pangiam to sell to BigBear.ai for $70M
Columbia, Maryland-based BigBear.ai Holdings is acquiring Pangiam Intermediate Holdings, a McLean-based facial recognition and biometrics solutions provider for the trade, travel and digital identification industries, in a $70 million, all-stock deal, BigBear announced Monday. The move will combine Pangiam’s technologies with BigBear.ai’s computer vision capabilities and allow BigBear.[...]
