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Calif.-based cybersecurity firm buys Herndon cloud security company
Sunnyvale, California-based publicly traded cybersecurity company Fortinet announced Tuesday it has acquired Herndon-based cloud security company OPAQ Networks. A transaction amount was not disclosed. OPAQ Networks is a venture-backed company that raised $22.5 million in Series B financing in 2018, led by Greenspring Associates. Columbia Capital and Harmony Partners also provided financing. Fort[...]
Ex-CommuniClique CEO sentenced for money laundering, fraud
The founder and former CEO of Reston-based CommuniClique on Wednesday was sentenced to more than 12 years in prison in an Alexandria federal court for money laundering and fraud that caused losses of $25 million to investors, according to the U.S. Attorney’s Office for the Eastern District of Virginia. “Andrew B. Powers stole $25 million […]
Montreal investment firm buys Herndon software company
Montreal-based software company investor Valsoft Corp. announced Thursday it will acquire Herndon-based AllTrust Networks, which provides check cashing software. A transaction amount was not disclosed. “We are proud of what we’ve accomplished and want to continue in that direction within Valsoft,” AllTrust CEO Karl Lewis said in a statement. “We have invested significantly in the[...]
K12 Inc. to hire 1,300 online educators during pandemic
Herndon-based online education provider K12 Inc. announced Wednesday it plans to hire more than 1,300 educators for the 2020 through 2021 school year, in light of a massive push to move education online during the pandemic. Across Virginia, schools have been making decisions regarding reopening in the fall, with some already opting for full online […]
Fairfax adds $20M to small business relief fund
The Fairfax County Board of Supervisors announced Wednesday it has directed an additional $20 million in funding to its Fairfax Relief Initiative to Support Employers (RISE) relief program — bringing its total funding to $46 million aimed at helping small businesses and nonprofits during the pandemic. The funding comes from the federal Coronavirus Aid, Relief […]
Perspecta Labs lands $37M defense contract
Chantilly-based federal contractor Perspecta Inc. announced Tuesday that its research arm, Perspecta Labs, has landed a $37 million contract to develop network hardware to speed up complex computing applications for the Defense Advanced Research Projects Agency (DARPA) Perspecta will work on DARPA’s Fast Network Interface Cards program with a goal to accelerate — by 100 […]
Private equity firm acquires Herndon tech company
Herndon-based tech company Exostar LLC announced Tuesday it has been acquired by Chicago-based private equity firm Thoma Bravo LLC. The acquisition was first announced in early June. The transaction amount was not disclosed. Exostar is a cloud-based platform that allows companies to securely share information and operate with security compliance. The platform is used by […]
Reston security firm acquired by French company
Reston-based managed security firm Paladion will be acquired by Bezons, France-based information technology company Atos. A transaction amount was not disclosed. “We found with Paladion a mature team and advanced technology built to deliver outcomes and reduce customers risks,” Pierre Barnabé, Atos senior executive vice president and head of big data and cybersecurity, said in […]
McLean company to send six satellites into orbit
Los Angeles-based aerospace manufacturer Relativity Space announced Wednesday that McLean-based Iridium Communications Inc. has signed a contract to deliver up to six of Irdium’s satellites into orbit. Iridium currently operates a network of 66 satellites used for mobile voice and data communications. A contract amount was not disclosed. The launches will take place on an […]
Reston network security firm taps new president
Reston-based tech and network security company Electrosoft announced Wednesday it has hired Manuel Miranda as its new president. In his new role, he will focus on company growth, business development, customer operations, information technology, human resources and recruiting. Before joining Electrosoft, Miranda had been chief operating officer at Bethesda, Maryland-based tech company InfoZen, whi[...]
Reston tech firm names chief technology officer
Reston-based data and analytics tech firm Hitachi Vantara Federal Corp. announced Wednesday it has promoted Gary Hix to chief technology officer. As CTO, he will ensure products meet federal standards and work with the company’s government clients to develop new products. Hix most recently led the Hitachi Vantara Federal solutions consultant team, which works with […]
Reston software company selects chief revenue officer
Reston-based lease management software company LeaseAccelerator Inc. announced Tuesday it has named David Mitchell as its chief revenue officer. Mitchell was most recently senior vice president of worldwide sales at McLean-based cloud computing company Appian Corp. In his new role, he will focus on sales execution in North America, Asia-Pacific and Europe, the Middle East […]
