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Reston IT company to be acquired by Cognizant
Reston-based human resources tech company Collaborative Solutions LLC will be acquired by New-Jersey based information technology company Cognizant, the companies announced Tuesday. Financial terms of the transaction were not disclosed and the deal is expected to close during Q2 2020. Collaborative Solutions specializes in Workday Cloud Platform applications for finance and human resources. Foll[...]
Internet governing body blocks $1.1B sale of Public Interest Registry
The governing body of Internet domain addresses voted Thursday to block the $1.135 billion sale of the Public Interest Registry, a Reston-based nonprofit created by the Internet Society in 2002 to manage the .org top-level domain, to private equity firm Ethos Capital. The Public Interest Registry has operated the .org domain — which is used […]
Leidos subsidiary tapped to develop lunar landing system
Dynetics, a wholly owned aerospace subsidiary of Reston-based defense contractor Leidos, is one of three prime contractors awarded contracts by NASA to design the human lunar landing system that will take the first woman and next man to the moon’s surface by 2024. The other two aerospace companies are Amazon.com Inc. President and CEO Jeff […]
SAIC wins $950M DoD contract
Reston-based Science Applications International Corp. (SAIC) announced Thursday that it has been awarded a $950 million contract from the Defense Logistics Agency — a combat support agency of the U.S. Department of Defense that includes more than 26,000 civilian and military personnel. SAIC will take over supply chain management of paints, preservation and sealing compounds […]
1901 Group expanding into Washington County
Reston-based information technology services company 1901 Group will invest $1.15 million in Washington County to establish its third Virginia operations center, creating 150 jobs, Gov. Ralph Northam announced Monday. The new center will be located at the Virginia Highlands Small Business Incubator in Abingdon, where small businesses can pay $1.05 per square foot to be […]
SAIC to raise $400M to finance Unisys Federal acquisition
Reston-based federal contractor Science Applications International Corp. (SAIC) will raise $400 million to finance its $1.2 billion acquisition of Reston-based Unisys Federal, the company announced Wednesday. SAIC will launch an offering of senior notes due in 2028 and will use the proceeds, cash on its balance sheet, borrowings under its credit facility and proceeds from […]
Reston-based Stanley-Martin to acquire Essex Homes
Reston-based construction company Stanley-Martin Communities LLC will acquire the home-building assets of Lexington, South Carolina-based home-building company Essex Homes in North Carolina and South Carolina in a deal expected to close by the end of the month. Financial terms of the transaction were not disclosed. Stanley-Martin — a subsidiary of a Japanese firm, Daiwa House […]
SAIC exec joins Intelligence and National Security Alliance board
Arlington-based nonprofit Intelligence and National Security Alliance (INSA) named Michael LaRouche, an executive with Reston-based Science Applications International Corp. (SAIC), to its board of directors, INSA announced Thursday. INSA is a nonpartisan and nonprofit trade association that creates a public-private partnership for intelligence and national security issues. It has more than 160 cor[...]
Virginia Values Veterans program certifies 1,000th employer
Reston-based computer software company Carahsoft Technology is the 1,000th employer to earn certification from the state government’s Virginia Values Veterans (V3) program, Gov. Ralph Northam announced Tuesday. Administered by the Department of Veterans Services, the V3 program is designed to connect Virginia veterans to the workforce, assisting with recruiting, hiring, training and retain[...]
Reston-based IndraSoft promotes exec to chief growth officer
Reston-based software company IndraSoft Inc. promoted John Luongo to chief growth officer, the company announced Thursday. Luongo joined the company in 2018 and was the vice president of growth and strategy. In his previous role and new role, he will focus on business development and corporate strategy. Before his time at IndraSoft, Luongo worked for […]
Reston-based tech firm acquires Danish company
Reston-based federal contractor and tech firm SOS International LLC (SOSi) has acquired Denmark-based analytics software company NorthStar Systems, SOSi announced Tuesday, making it the company’s fifth acquisition since 2016, including New World Solutions, Defense Group Inc., STG Group Holdings Inc. and Vykin Corp. Financial terms of the deal were not disclosed. “We’re continuing t[...]
Reston-based IndraSoft wins $43M Army contract
Reston-based software company IndraSoft Inc. has been granted a $43 million contract from the U.S. Army Intelligence and Security Command (INSCOM) to enable data sharing and DevSecOps system integration, the company announced Monday. This contract will support the Army’s Maintenance of Enterprise Technologies and Applications (META) program. DevOps is a set of practices that automates [&hell[...]
