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Cvent acquires California tech company Prismm
Tysons-based global event marketing and management company Cvent announced Thursday it has acquired Mill Valley, California-based spatial event design technology provider Prismm.
Google faces off with US government in attempt to break up company in search monopoly case
Google confronts an existential threat Monday as the U.S. government tries to break up the company as punishment for turning its revolutionary search engine into a ruthless monopoly. The drama will unfold in a Washington courtroom during the next three weeks during hearings that will determine how the company should be penalized for operating an […]
MicroStrategy expects Q1 loss as bitcoin value falls
MicroStrategy appears to have lost the coin toss — the bitcoin toss, that is. The world’s largest corporate bitcoin investor, Tysons-based MicroStrategy reported an expected first quarter loss in a Securities and Exchange Commission filing on Monday due to the falling value of its holdings in the cryptocurrency. After cresting at an all-time high of […]
Luna Labs to expand Charlottesville operations
Product development company Luna Labs USA is investing $200,000 to expand its operations in Charlottesville, creating 20 new jobs. The Charlottesville-headquartered technology company works with companies and government agencies to address complex challenges in defense, industrial and health care markets. The company brands some of its products as Luna Labs, while others may be licensed […]
Stock market today: Back down goes Wall Street as Big Tech resumes its slide
NEW YORK (AP) — Wall Street swung back down on Tuesday, and its former superstars once again led the way. The S&P 500 dropped 1.1% for its latest swerve in a scary ride, where it tumbled by 10% from its record and then rallied for two straight days. The Dow Jones Industrial Average fell 260 points, or 0.6%, and the Nasdaq composite sank […]
Google to buy cybersecurity firm Wiz for $32B in largest deal in company’s history
SAN FRANCISCO (AP) — Google has struck a deal to buy cybersecurity firm Wiz for $32 billion in what would be the tech giant’s biggest-ever acquisition at the same time it‘s facing a potential breakup of its internet empire. The proposed takeover announced Tuesday is part of Google’s aggressive expansion into cloud computing during an artificial intelligence boom. The [&hell[...]
ICF acquires tech, advisory services company
Reston-headquartered consulting and tech services provider ICF has acquired New York-based tech and advisory services company Applied Energy Group from Ameresco, it announced Tuesday. Financial details of the transaction were not disclosed. Massachusetts-based energy efficiency and renewable energy company Ameresco acquired Applied Energy Group in 2011. “This transaction aligns with our stra[...]
Micron to invest $2.17B in Manassas expansion
Semiconductor company Micron Technology will invest up to $2.17 billion to expand its Manassas manufacturing facility, creating an expected 340 jobs, Gov. Glenn Youngkin announced Monday. Micron will modernize the plant at 9600 Godwin Drive to produce dynamic random-access memory (DRAM) chips for automotive, aerospace, defense and industrial markets, according to a news release from […]
George Mason’s Fuse tech hub opens to public
On the third floor of George Mason University’s new state-of-the-art Fuse tech hub, robots jumped, begged, rolled over and offered a mechanical paw to shake Friday while a small drone hovered above. The endearing welcome by George Mason’s RobotiXX Lab robots offered a brief glimpse into the future for the group of academics and students […]
Glen Allen’s Snagajob is acquired by Boston’s JobGet
JobGet, a Boston-based hourly jobs listings platform, last week announced that it has acquired rival Snagajob in Glen Allen. The financial terms of the deal were not disclosed, according to Tony Liu, cofounder and CEO of JobGet. Snagajob will operate as a standalone entity within JobGet, creating the United States’ largest hourly workforce job platform. […]
Defense tech startups close major funding rounds
Venture capital firms are betting big on two Northern Virginia-based defense contracting startups that are promising high-tech solutions to military challenges. In August, McLean-based Defcon AI announced it had raised $44 million in seed funding led by San Francisco investment firm Bessemer Venture Partners. The same month, Parry Labs in Alexandria raised $80 million in […]
Appian taps new chief revenue officer
Mark Dorsey is Appian’s new chief revenue officer, the McLean cloud computing and software company announced Oct. 11. He replaces Christopher Jones, who left in April to become chief revenue officer for New Relic, a software developer based in San Francisco. Dorsey, who has a MBA from the Carroll School of Management at Boston College, […]
