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SOSi consolidates defense IT and intelligence solutions units
Reston-based defense and government contractor SOS International LLC (SOSi) announced Tuesday it is consolidating its defense information technology and intelligence solutions business units into a new Defense and Intelligence Solutions Group. The new business unit will be led by Ed Bachl, co-founder of Vykin Corp., a Florida-based information technology solutions company that SOSi acquired in [&h[...]
Former UPS CEO joins Northrop Grumman board
Former United Parcel Service CEO David Abney has been elected to Northrop Grumman Corp.’s board of directors. Executive chairman of the UPS board of directors, Abney served as CEO of UPS from 2014 until May 2020. “David is an accomplished and respected business leader and is a great addition to our board,” said Kathy Warden, […]
Perspecta CEO becomes chairman of board
Mac Curtis, president and CEO of Chantilly-based federal contractor Perspecta Inc., has been appointed chairman of the company’s board of directors, effective Aug. 5, the date of the company’s 2020 annual shareholders meeting. Curtis has served as president and CEO of Perspecta since the publicly traded company was launched in June 2018 as a result of […]
Babel Street gains AI, machine learning capabilities
Reston-based Babel Street Inc., a web and social media monitoring company, announced Monday it has acquired the intellectual property assets of Overland Park, Kansas-based Dunami, an artificial intelligence and machine learning analysis company. Financial terms of the transaction were not disclosed. Babel Street acquired Dunami’s AI and machine learning assets, which automatically illustrate[...]
Leidos lands contract worth $401M
Reston-based federal contractor Leidos announced Thursday it has won a contract worth $401 million, if all options are exercised, to provide information technology operations and maintenance support to the Defense Intelligence Agency (DIA). “This award is a true testament to our strong capabilities and proven performance working with the Department of Defense and Intelligence Community,” [&hel[...]
Private equity firm to acquire Herndon tech company
Herndon-based tech company Exostar LLC announced Tuesday it will be acquired by private equity firm Thoma Bravo LLC. 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 more than 135,000 aerospace and defense organizations across 150 […]
Fairfax medical office building sells for $4.6M
A medical office building in Fairfax County’s Merrifield area has sold for $4.6 million, Toronto, Canada-based commercial real estate company Avison Young Inc. announced Monday. The five-story, 53,430-square-foot building is 37% leased to several medical practices, says Avison Young Principal Jim Kornick, who led the sale on behalf of the seller, Harrison Street Real Estate. […]
Private equity firm purchases Reston office building
A New York-based real estate private equity firm, HighBrook Investors, secured a three-year floating-rate loan of $29 million, with extension options, to purchase the Reston Metro Center One office building, located near the future Reston Town Center Metro station and the planned $1.4 billion Halley Rise mixed-use development. HighBrook received the loan from Rubenstein Mortgage […]
Microsoft to invest $64M in Fairfax County expansion, create 1,500 jobs
Microsoft Corp. will invest $64 million to expand its presence in Reston Town Center in western Fairfax County, creating 1,500 jobs, Gov. Ralph Northam announced Wednesday. The software giant will occupy 400,000 square feet in the Reston Town Center, which will include a software development and research hub, as well as retail space. The project […]
McLean-based Cvent lays off, furloughs 10% of workforce
As the hospitality industry has taken one of the biggest COVID-19 hits of all, McLean-based event software company Cvent Inc. confirmed Friday it is laying off or furloughing 10% of its global workforce due to business impacts from the pandemic. “Meetings and events boost the global GDP by more than $1.5 trillion and impact nearly […]
Google wins seven-figure DoD contract
Google Cloud, a division of Google LLC, announced Thursday that it’s been awarded a seven-figure Department of Defense contract to provide multi-cloud management. A specific contract award amount was not disclosed. The contract will be completed for the DoD’s Innovation Unit (DIU), which works to scale commercial technology across the agency. Google Cloud will build […]
Reston tech company names AI senior director
Reston-based government technology company Octo Consulting Group announced Tuesday that it has named Rob Albritton as the senior director of its AI Center for Excellence. Albritton most recently worked as a machine learning engineer at McLean-based The Mitre Corp., a nonprofit that conducts research for government agencies. In his new role, he will lead AI […]
