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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 […]
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 for th[...]
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, Generat[...]
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, BuildingConne[...]
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 by t[...]
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[...]
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 […]
Va. directs $34M to clean energy projects
Virginia will dedicate $34 million to electrify state government vehicle fleets and to replace all-diesel cargo handling equipment at the Port of Virginia with zero-emission all-electric equipment, Gov. Ralph Northam announced Friday. “As we continue to fight this global pandemic, we are reminded daily that we must prioritize public health in every way possible,” Northam […]
