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SAIC plans to purchase Seattle AI company
Reston-based Fortune 500 government and defense contractor Science Applications International Corp. (SAIC) plans to acquire Koverse, a Seattle data management company focused on artificial intelligence, SAIC announced Monday. The companies have entered into a definitive agreement, and financial terms of the deal were not disclosed. Founded in 2012, Koverse develops AI tools for federal and [&helli[...]
Maximus acquires Houston veterans services company for $1.4B
Reston-based government services company Maximus announced Wednesday that it will purchase the parent company of Veterans Evaluation Services Inc. (VES) for $1.4 billion. Based in Houston, VES is a privately held company that serves the federal government, including the U.S. Department of Veterans Affairs, as a provider of medical disability examinations to determine veterans’ eligibility [&[...]
Leidos awarded $480M contract from U.S. Customs and Border Protection
Reston-based Fortune 500 company Leidos Holdings Inc. announced Tuesday it has been awarded a $480 million contract by U.S. Customs and Border Protection (CBP) to provide multi-energy portal (MEP) systems for nonintrusive inspections of commercial vehicles at land and sea ports of entry. The award for the science and technology company includes a base period […]
Gainwell Technologies acquires health care tech company for $3.4B
Reston-based Gainwell Technologies, a six-month-old spinoff company of DXC Technology, has completed its approximately $3.4 billion acquisition of HMS Holdings, a Texas-based health care technology company, Gainwell announced April 1. The all-cash deal, announced in December 2020, was made for $37 per share. Gainwell, which has more than 7,500 employees, was created in October as […]
Caliburn International will separate into two companies
Calling it a “natural progression,” Reston-based professional services company Caliburn International announced Wednesday that it will split into two companies to focus on different capabilities. The federal contractor, which has about 8,500 employees, says it expects to complete the separation by Sept. 30. It also announced shifts in leadership to oversee the new companies, Acuity […]
Reston-based SAIC lands $4.4B in defense contracts
On the heels of an $830 million U.S. Army contract won in February, Reston-based Science Applications International Corp. (SAIC) has landed two more Army contracts worth a combined $4.4 billion, it announced today. The Fortune 500 defense contractor says both contracts will provide systems engineering services to support the U.S. Army Combat Capabilities Development Command, […]
Maximus hires new Federal Services general manager
Government services company Maximus Inc. has named IBM executive Teresa “Terry” Weipert as general manager of its U.S. Federal Services Segment, the Reston-based company announced this week. Weipert will replace Thomas Romeo, who is staying through July to help with the transition before he retires and moves to the segment’s advisory board. When Romeo started […]
Reston-based SOC Telemed buys Texas telehealth practice for $194M
Reston-based SOC Telemed Inc. announced this week it has purchased Texas-based medical practice Access Physicians for $194 million in cash and stocks. The acquisition will create the largest acute care telemedicine provider in the United States. According to SOC Telemed, the combined company is estimated to have earned $107 million to $113 million in pro […]
Volkswagen Group of America pulls ‘shocking’ April Fools’ prank
Calling it a “public declaration” of its priority on electric vehicles, Herndon-based Volkswagen Group of America Inc. unveiled a new company name, Voltswagen of America, accompanied by new branding, in a news release Tuesday. There was just one problem — the U.S. sales arm of the German automaker confirmed to news outlets Tuesday evening that […]
General Dynamics lands $210M contract for Stryker vehicles
The U.S. State Department has named General Dynamics Corp.’s land systems business as the prime contractor on a potential $210 million foreign military sale of Stryker armored fighting vehicles to North Macedonia through a government-to-government transaction. On Tuesday, the Defense Security Cooperation Agency delivered the required certification notifying Congress of the possible sale. The[...]
Reston-based Comscore closes investment transactions
Reston-based media measurement and analytics company Comscore Inc. announced Thursday that it has closed its previously announced investment transactions with Connecticut-based Charter Communications Inc., Colorado-based Qurate Retail Inc. and an affiliate of New York-based Cerberus Capital Management LP. Each of the three companies made a cash investment in exchange for shares of convertible pref[...]
Reston cybersecurity firm names chief cyber officer
Reston-based LookingGlass Cyber Solutions Inc. announced Wednesday it has hired Norm Laudermilch as the company’s first chief cyber officer. Laudermilch most recently served as chief operating officer with software company Control Case. “As chief cyber officer, Norm will be collaborating with many of our team members as his role will be cross-functional, providing guidance across […[...]
