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Avantus Federal acquires N.C. tech firm
Avantus Federal has acquired North Carolina-based tech contractor Far Ridgeline Engagements (FRLE), the McLean-based IT defense contractor announced last week. Financial details of the transaction were not disclosed. “For almost 15 years, Far Ridgeline Engagements has earned eminence by maintaining a strong focus on providing solutions to our nation’s special operations and intelligence mi[...]
McLean-based Appian wins $2B verdict in trade secrets lawsuit
Appian Corp., a cloud computing firm based in McLean, won $2.03 billion — an amount estimated to be the largest award in Virginia state court history — in a trade secrets verdict against a competitor Monday in Fairfax County Circuit Court. Appian sued Massachusetts-based Pegasystems Inc. and an individual, Youyong Zou, in May 2020, alleging […]
Peraton named a U.S. Best Managed Company
Peraton Inc. has been named a U.S. Best Managed Company for 2022 by Deloitte Private and The Wall Street Journal, the Herndon-based government contractor announced Monday. It‘s among 51 private companies honored and the only one based in Virginia. “Peraton is honored to be recognized as a Best Managed Company in the U.S. by Deloitte […]
McLean-based Intelsat names new execs
McLean-based Intelsat Corp. has named four new executives. Anthony “Toby” O’Brien will become the satellite provider’s next chief financial officer, after having served in the role for five years with Raytheon Co., Intelsat said in a news release May 5. Michael DeMarco will become the company’s new chief commercial officer, after having served as chief […]
Tysons-based MicroStrategy names new CFO
Tysons-based business software company MicroStrategy Inc., best known for its nearly $4 billion investment in bitcoin since 2020, has announced that Andrew Kang will be its new senior executive vice president and chief financial officer, starting next week. Kang takes over for Phong Le, who has served as CFO and president. After Kang’s start date, […]
Peraton taps former CIA deputy director as VP
Herndon-based government contractor Peraton Inc. has named Andrew Hallman as its vice president for national security strategy and integration, according to a news release. Hallman formerly served as principal executive in the Office of the Director of National Intelligence and was the CIA’s deputy director for digital innovation. Hallman will start May 9 and will […]
GDIT awarded $661M EPA contract
Falls Church-based General Dynamics Information Technology Inc. has received a $661.6 million contract to modernize and manage IT services for the U.S. Environmental Protection Agency. The award, announced April 28, includes developing and operating the EPA’s enterprise IT infrastructure and applications. Services include cloud computing, platform management, network operations, enterprise i[...]
Top Five: May 2022
The top trending major business stories on VirginiaBusiness.com from March 15 to April 14 were led by news of the death of Fairfax County developer John “Til” Hazel Jr. 1 | Fairfax County developer John ‘Til’ Hazel Jr. dies at age 91 Hazel was a key figure in the transformation of Tysons from a rural […]
West Falls Church on track for $1.2 billion transformation
Developers are expected to break ground this month on the first of three mixed-use projects near the West Falls Church Metro station with a total investment of about $1.2 billion. Each piece comes together to complete a puzzle that will transform about 40 acres of vacant land, parking lots and Virginia Tech‘s Northern Virginia Center […]
Something in the Water officially heads to D.C.
Music superstar and Virginia Beach native Pharrell Williams announced Tuesday that his signature three-day music festival, Something in the Water, will be held in June in Washington, D.C., making its departure from Virginia Beach official. Scheduled for June 17-19 on Independence Avenue, the three-day festival includes a long list of pop and hip-hop artists, including […]
Fairfax County retail portfolio sells for $200M
A portfolio of retail buildings in Fairfax County’s Kingstowne community has sold for $200 million, Avison Young’s Capital Markets Group announced Thursday. The portfolio has 410,398 combined square feet of retail space anchored by Safeway and Giant supermarkets and includes part of Kingstowne Towne Center and of Kingstowne Shopping Center. It has 61 tenants, and […]
Ellucian closes acquisition of CampusLogic
Reston-based higher education software company Ellucian Inc. has completed its acquisition of Chandler, Arizona-based financial aid software provider CampusLogic Inc, Ellucian announced Tuesday. The deal was first announced in January. Financial details were not disclosed. Campus Logic is a software-as-a-service (SaaS) company that provides financial aid tools and platforms for colleges and univer[...]
