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CTSI acquires N.C. tech firm
Chantilly-based technology firm Corbett Technology Solutions Inc. (CTSI) has acquired Knightdale, North Carolina-based Systems Electronics Inc., the company announced Jan. 20. Financial terms of the transaction were not disclosed. CTSI is a portfolio company of Chicago-based private equity firm Wind Point Partners and this makes CTSI’s eighth transaction since it was acquired by Wind Point [[...]
Peraton names SVP and chief procurement officer
Dan Ostrosky became senior vice president and chief procurement officer for federal contractor Peraton Inc. on Monday. “Dan brings decades of proven experience in both procurement and profit and loss leadership and has a thorough understanding of how a strategically aligned procurement organization can be a force multiplier,” Peraton Chairman, President and CEO Stu Shea […]
Reston IT company promotes CEO
Tony Crescenzo, president of Reston-based information technology contractor Intelligent Waves LLC (IW), has been promoted to CEO, the company announced Wednesday. “Tony’s high-energy leadership style and ability to recruit top management talent has enabled us to maximize the value and impact of our company,” IW founder and owner Jared Shepard said in a statement. Crescenzo […]
Octo acquires Herndon-based B3 Group
Reston-based Octo Consulting Group, backed by Arlington Capital Partners, has acquired Herndon-based health IT company B3 Group Inc. Financial terms of the transaction were not disclosed. B3 modernizes applications using low- or no-code software and platforms such as Microsoft Power Platform. The company also provides data governance, integration and analytics as well as cloud engineering [&hellip[...]
Mars sits out Super Bowl 2022
Mars Wrigley, the line of confectionary brands owned by McLean-based Mars Inc., will not have ads in this year’s Super Bowl LVI, the first year the candy company has missed since 2010. A spokeswoman confirmed the move, first reported by Ad Age, to Virginia Business in a statement. “Mars Wrigley will not have an ad […]
ICF acquires McLean tech contractor
Fairfax-based management consulting firm ICF International Inc. announced Monday that it had completed its acquisition of McLean-based IT federal contractor Creative Systems and Consulting. Financial terms of the transaction were not disclosed. The company announced in December 2021 that it had entered into a definitive agreement to acquire Creative and expected to close the transaction […]
UVA | NOVA plans signal major regional expansion
The University of Virginia has big plans for continued expansion in Northern Virginia, with more details to come early this year on where U.Va. will be developing new programs within the region. Negotiations with prospective partners were ongoing as of early December 2021, school officials said. The university’s expanded presence for both degree and non-degree […]
Falls Church strip mall gets new look
The shopping center formerly known as Falls Plaza in Falls Church has a new look and a new name: Birch & Broad. Renovations are now complete at the 144,000-square-foot strip mall, which is anchored by a Giant Food supermarket. Other tenants include Conte’s Bike Shop, CVS Pharmacy, Plaka Grill, Starbucks, Jersey Mike’s and Road Runner […]
Northrop Grumman subsidiary lands $1.4B Army contract
The U.S. Army awarded a subsidiary of Falls Church-based Northrop Grumman Corp. a $1.38 billion contract to work on the Integrated Battle Command System, the Department of Defense announced Dec. 23. The hybrid contract was awarded to Northrop Grumman Systems Corp. by the U.S. Army Contracting Command out of Restone Arsenal, Alabama. The contract is […]
Chantilly’s CTSI acquires Fla. security firm
Chantilly-based technology firm Corbett Technology Solutions Inc. (CTSI) announced Tuesday it had acquired Orlando, Florida-based risk, resilience and security services provider Star Asset Security. Financial terms of the transaction were not disclosed. CTSI is a portfolio company of Chicago-based private equity firm Wind Point Partners. The transaction is CTSI’s sixth acquisition since it w[...]
ICF International to acquire Creative Systems and Consulting
Fairfax-based management consulting firm ICF International Inc. has entered into a definitive agreement to acquire McLean-based IT federal contractor Creative Systems and Consulting, ICF announced Tuesday. The financial terms of the acquisition were not disclosed. Founded in 1969, ICF has about 7,500 employees. Creative was founded in 2010 and has 270 employees and “a full […]
GMU hires first university ombudsperson
George Mason University has hired Kimberly Davidson as its first ombudsperson, and she will start in February, the university announced Friday. Davidson comes to the university from Ohio’s Oberlin College, where she worked for two decades, including the past five years as the college’s ombudsperson, who is charged with listening to faculty members in confidence […]
