Sign In
Free Newsletter
Calif. firm buys controlling stake in Vienna home security company
Palo Alto, California-based investment firm Twin Point Capital purchased a controlling stake in Vienna-based home security company Frontpoint Security, the company announced last week. Financial terms of the transaction were not disclosed. Founded in 2007 by Chris Villar, Aaron Shumaker and Peter Rogers, Frontpoint provides home security, life safety and smart home products and services […]
Dulles software company to buy Texas-based firm
Dulles-based software company Unanet announced Wednesday it will acquire Austin, Texas-based customer relationship management software company Cosential. Terms of the transaction were not disclosed. Unanet provides project management software, timesheet software, expense reporting software and other human resources software to federal government contractors, architects and engineers (A/E). Cosen[...]
Reston contractor wins $59M USDA task order
The U.S. Department of Agriculture (USDA) awarded Reston-based AceInfo Solutions LLC (AceInfo) a $59 million task order to develop crop insurance software platforms, the company announced Wednesday. Under the task order from the USDA’s Farm Production and Conservation (FPAC) Risk Management Agency (RMA), AceInfo (a Dovel Technologies subsidiary) will provide software development services t[...]
Reston-based NII Holdings Inc. to dissolve
Reston-based NII Holdings Inc. announced last week it has filed a petition in a Delaware court to dissolve the company 10 months after it divested its one remaining operating unit, which sold wireless communication services under the Nextel brand to América Móvil. On Dec. 18, 2019, NII Holdings closed the $948.5 million sale of its […]
Falls Church office building sells for $87.5M
An office building in Falls Church sold for $87.5 million, commercial real estate advisory firm Newmark Knight Frank (NKF) announced Tuesday. Located at 3170 and 3180 Fairview Park Drive, the 284,333-square-foot property is 98% leased, with tenants including General Dynamics Information Technology, Capital Caring Health, Sheet Metal Workers’ National Pension Fund and Balfour Beatty. “D[...]
General Dynamics receives $327.8M submarine contract modification
The U.S. Navy last week awarded the Electric Boats subsidiary of Reston-based Fortune 100 defense contractor General Dynamics Corp. a $327.8 million contract modification to continue development studies, design work and lead yard support for the branch’s Virginia-class submarines, the U.S. Department of Defense announced Oct. 9. Electric Boat originally received a $434.4 million contract [&h[...]
EY names five Virginians as mid-Atlantic entrepreneurs of the year
Virginia businesspeople took home five of the 12 Entrepreneur of the Year Mid-Atlantic Awards announced last week by multinational professional services company Ernst & Young LLP. The Virginia winners for the 2020 Entrepreneur of the Year Mid-Atlantic Award were: 3Pillar Global Inc. | David DeWolf, Fairfax HUNGRY Marketplace | Jeff Grass and Shy Pahlevani, Arlington […]
Herndon defense contractor wins $102M Navy contract
Herndon-based national security contractor Peraton announced Monday it has been awarded a $102 million follow-on contract by the U.S. Navy Strategic Systems Programs (SSP) for work on the branch’s strategic weapons systems. Under the engineering services contract, Peraton’s services will include acquisition, development, deployment and operational support of the reentry body aspects of[...]
Reston government contractor to buy Alexandria tech company
Reston-based government IT contractor Xenith Solutions LLC announced Thursday it will acquire Alexandria-based tech company TRI-COR Industries (TCI). Terms of the transaction were not disclosed. Founded in 1983 by Louis Gonzalez, TCI provides large-scale, enterprise agile tech services to federal and local governments. Xenith Solutions is a service-disabled veteran-owned small business that prov[...]
Reston health care tech company names CTO
Reston-based health care technology company careMESH on Thursday announced that Gustavo Bonany has been hired as chief technology officer. With more than 20 years of experience, Bonany was most recently senior vice president of research and development for health care tech company Voxiva. In his new role, he will oversee development and delivery of careMESH’s […]
Md.-based tech company opens NoVa lab
Greenbelt, Maryland-based tech company Paradyme Management Inc. announced Wednesday it has established an IT lab, Paradyme Labs, in Tysons. The lab will serve as a hub for team and customer collaboration and as an operations space for recruiting, training, sales and engineering. The expansion allows for more space for Paradyme, which has nearly doubled the […]
Reston cybersecurity company announces leadership changes
A day after selling its Cyveillance business unit to Baltimore-based cybersecurity firm ZeroFOX, Reston-based LookingGlass Cyber Solutions Inc. announced Wednesday that its chairman of the board, Gilman Louie, has been named CEO. Louie is also a partner at San Francisco-based venture capital firm Alsop Louie Partners, which has invested in LookingGlass. LookingGlass provides attack surface [&helli[...]
