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FTC fines Capital One CEO for failing to file stock transaction
The Federal Trade Commission fined McLean-based Capital One Financial Corp. CEO Richard Fairbank a $637,950 civil penalty for violating antitrust laws in finalizing stock acquisitions, the FTC announced Thursday. The settlement must be approved by the U.S. District Court for the District of Columbia. The FTC alleged that Fairbank violated the Hart-Scott-Rodino (HSR) Antitrust Improvements [&hellip[...]
Accenture Federal Services completes Novetta acquisition
Arlington-based Accenture Federal Services, a subsidiary of Fortune Global 500 professional services company Accenture, has completed its acquisition of Novetta, a McLean-based advanced analytics company, the two companies announced Thursday. The financial terms of the deal, first announced in June, were not disclosed. The acquisition will add a national security portfolio to AFS’ business, [...]
Huntington Ingalls Industries completes $1.65B Alion deal
Newport News-based Fortune 500 military shipbuilder Huntington Ingalls Industries has completed its $1.65 billion, all-cash acquisition of McLean-based defense contractor Alion Science and Technology Corp. from Veritas Capital, HII announced Thursday. The acquisition was first announced in July. Alion, with more than 3,200 employees, will become part of HII’s Technical Solutions division. Th[...]
Herndon data center company to acquire Israeli company
Herndon-based EdgeConneX, a data center solutions company, has entered an agreement to acquire Israel-based Global Data Center (GDC), it announced Monday. Financial details of the transaction were not disclosed. Once completed, EdgeConneX will gain GDC’s two underground facilities in Israel, in Herzliya Pituach and Petah Tikva. The company’s two data centers are built in accordance [&h[...]
NoVa housing forecast: Still tight for single-family homebuyers
In the Northern Virginia Association of Realtors’ mid-year forecast released Friday, a panel of real estate experts predict a continued tight market for single-family homes and higher residential prices in the second half of the year, but the market appears to be normalizing from last year’s heights. “This year, the mid-year update is particularly relevant […]
Metro unveils major Falls Church redevelopment agreement
The Washington Metropolitan Area Transit Authority has signed an agreement to redevelop the West Falls Church Metro Station site as a more than 1 million-square-foot mixed-use development. Construction is expected to begin in 2023. The agreement was reached with FGCP-Metro LLC, a joint real estate development partnership involving Bethesda, Maryland-based EYA LLC, Washington, D.C.-based Hoffman [&[...]
Reston consulting firm acquires Stafford technical solutions company
Reston-based consulting firm Counter Threat Solutions LLC has acquired Stafford-based Quantitative Analytics LLC, completing its second acquisition, CTS announced Thursday. Financial details of the transaction were not disclosed. CTS is a consulting company that provides subject matter experts to the intelligence and defense communities. Both are service-disabled veteran-owned small businesses. Fo[...]
Reston-based Comscore expands Fox Corp. partnership
Reston-based media measurement and analytics company Comscore Inc. has made a multi-year agreement expanding and extending its relationship with Fox Corp., including using Comscore’s national TV measurement, it announced Friday. Financial details of the agreement were not disclosed. “It is a privilege to continue our longstanding relationship with Fox and have their vote of confidence [&he[...]
Peraton wins nearly $1B DOD contract
Herndon-based Peraton Inc., a national security contractor, won a nearly $1 billion task order to provide the U.S. Department of Defense’s U.S. Central Command (USCENTCOM) and its mission partners with operational planning, implementation and assessment services (OPIAS). USCENTCOM directs military operations with allies in the Middle East. The task order is worth up to $979 […]
McLean-based Appian acquires Germany’s Lana Labs
McLean-based cloud computing company Appian Corp. has acquired Germany’s Lana Labs, developer of the artificial intelligence-driven LANA process mining platform, the company announced on Aug. 5. Financial terms of the deal were not disclosed. With the addition of Lana’s native process mining capabilities, Appian will be able to expand its low-code automation suite, which allows [&helli[...]
McLean-based IntelliBridge LLC acquires Arlington’s U. Group
McLean-based tech contractor IntelliBridge LLC has acquired Arlington-based technology solutions firm U.Group, the company announced Tuesday. Financial details of the transaction were not disclosed. “U.Group’s team of creative and innovative technology experts solidifies our position in the digital solutions marketplace,” IntelliBridge President and CEO Cass Panciocco said in a state[...]
Leidos wins $600M contract to support Army Geospatial Center
Reston-based Fortune 500 government contractor Leidos Holdings Inc. won a U.S. Army contract worth an estimated $600 million if all options are exercised, the company announced Monday. Under the single-award contract, which has a one-year base with three one-year options, Leidos will support the Army Geospatial Center’s (AGC) Buckeye program, an airborne surveying system that […]
