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Herndon AI tech firm names new CEO
Herndon-based artificial intelligence tech company Geospark Analytics announced Thursday that company President Amanda Brownfield has been promoted to CEO after being with Geospark for only six months. Brownfield succeeds Geospark founder and CEO Omar Balkinssoon, who will serve as executive chairman of the board and a strategic adviser to the company. “I look forward to […]
Herndon company to buy N.C. crowdsourcing platform
Herndon-based MBO Partners, a network of independent consultants and contractors, announced Thursday it has agreed to acquire Durham, North Carolina-based crowdsourcing platform MindSumo. Terms of the transaction were not disclosed. MindSumo’s platform allows businesses to crowdsource ideas and insights by posting market research, innovation surveys and product development plans to a com[...]
Arlington space tech startup receives additional CIT funding
The Herndon-based Center for Innovative Technology (CIT) announced Tuesday that Arlington-based space technology startup NOVI LLC has received a follow-on investment from the state government-backed venture fund CIT GAP Funds. An investment amount was not disclosed. CIT seed- and early-stage investments are made to Virginia-based technology, life sciences and clean tech companies that the center [[...]
Center for Innovative Technology names president, CEO
The Herndon-based Center for Innovative Technology (CIT) announced Friday it has promoted former state Secretary of Commerce and Trade Robert J. “Bob” Stolle as its new president and CEO, replacing Ed Albrigo. A not-for-profit corporation created in 1985 by the Virginia General Assembly, CIT functions as the state government’s economic development organization for the technology [...]
ManTech co-founder retires as chairman; president & CEO takes over board seat
Herndon-based ManTech, a technology contractor for U.S. defense, intelligence and federal civilian agencies, announced last week that co-founder George J. Pedersen has decided to retire as executive chairman and chairman of the board. President and CEO Kevin M. Phillips has been elected chairman of the board, and Pedersen will remain on the board as chairman […]
SEC charges Herndon-based tech company, CEO with fraud
The Securities and Exchange Commission announced charges Thursday against Herndon-based Kelvin Boon LLC/Boon.Tech and its CEO, Rajesh Pavithran, for fraud and registration violations in connection with a $5 million initial coin offering of digital asset securities. Without admitting or denying the SEC‘s findings, Pavithran and his company agreed to settle the charges by consenting to [&helli[...]
Herndon company wins $27.8M Army contract
The U.S. Army awarded Herndon-based technology and management company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) a $27.8 million contract to provide civilian talent management, the company announced Tuesday. Through the contract, Serco will provide analytic, management and advisory services for the Army’s civilian workforce and provide talent management architecture fo[...]
Strategic Education Inc. to raise $191.5M through public stock offering
Herndon-based education company Strategic Education Inc. announced Thursday that it plans to raise $191.5 million through a public stock offering. The company, through Aug. 10, will offer for sale 1.9 million shares of its common stock at a public offering price of $105 per share. Strategic Education intends to use some of the proceeds to […]
Herndon contractor wins $188M in federal contracts
Herndon-based national security contractor Peraton announced Wednesday it has been awarded a total of $188 million in new and extended U.S. federal contracts to support national security missions and warfighting domains. The individual award amounts and customers were not specified by Peraton, but the company typically works with the Intelligence Community, the Department of Defense, […]
Strategic Education buys Aussie, NZ universities for $642.7M
Herndon-based education company Strategic Education Inc. announced Wednesday it will acquire Laureate Education’s Australia and New Zealand academic operations for $642.7 million in cash. The acquisition will allow Strategic Education to expand outside of its U.S. operations, which currently includes online Capella University and Strayer University, as well as coding schools DevMountain, Gen[...]
Autodesk buys Herndon software startup
San Rafael, California-based Fortune 1000 design and construction software company Autodesk Inc. announced Thursday it is acquiring Herndon-based construction project management software developer Pype. A transaction amount was not disclosed. This marks Autodesk’s ninth investment in a construction technology startup company, however. Since 2017, Autodesk has acquired Assemble, BuildingC[...]
Navy awards $87M contract to Herndon company
The U.S. Navy awarded an $87 million contract to Herndon-based defense contractor ManTech International Corp. to provide information technology research, development and engineering for the Naval Sea Systems Command, the company announced Thursday. ManTech was awarded the contract through the U.S. Department of Defense Information Analysis Center’s Multiple Award Contract, which are awarded [...]
