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$1.2B WillowTree purchase completed
Telus International Inc.’s $1.225 billion purchase of Charlottesville-based software company WillowTree Inc. has been completed, the Canadian tech company said Wednesday. The acquisition was announced in October 2022. The purchase included $210 million of assumed debt, of which $125 million was to be settled in Telus subordinate voting shares. Approximately $160 million will be reinvested [...]
‘Inferiority complex’ no more
As recently as 30 years ago, few people would have imagined that Fairfax County would grow to contain one of the most robust technology ecosystems in the nation, with thousands of tech-fueled firms, fed with workers trained by some of the state’s top universities. Bruce Caswell, president and CEO of McLean-based federal tech contractor Maximus […]
Reston-based Octo to be acquired by IBM
Reston-based Octo is being acquired by IBM and its 1,500 employees will become part of IBM Consulting’s U.S. public and federal market arm. Terms of the deal were not disclosed in a news release Thursday. IBM is acquiring the company from Arlington Capital Partners and the deal is expected to close by the end of […]
Henrico aims to become coastal internet hub
Henrico isn’t the new Ashburn, but the county does have 18% of the East Coast’s internet traffic coursing through it. That’s a product of QTS Data Centers’ network access point (NAP) at Henrico’s White Oak Technology Park, which connects to three subsea internet cables from Europe and South America that converge in Virginia Beach. In […]
Navigating metaverse investments
Investors itching to get in on the latest tech trend are zooming in on the metaverse — a presumed future virtual or mixed reality iteration of the internet in which users would navigate 3D environments for working, shopping, socializing and entertainment. By some estimates, the metaverse market could balloon to $5 trillion in annual revenue […]
AWS boosts women-led startups
Nessle co-founder and CEO Carly Buxton and her chief technology officer have passed up salaries and dipped into their savings to keep the Richmond-based tech business running since its 2019 launch. The Nessle platform connects new parents with real-time tailored support. To keep Nessle running, Buxton applied for grants and participated in two previous accelerators. […]
Noblis names VP, chief solution architect
Reston-based Noblis Inc. has named Jim Soltys vice president of business development and chief solution architect, succeeding Lisa Gardner, who was named vice president of the company’s federal civilian solutions mission area in late October. “We are fortunate to have someone like Jim ready to step into this role,” Gardner said in a statement. “As […]
Prince William targets data center growth
Move over Loudoun County. Neighboring Prince William County could eventually wear the data center crown. Loudoun currently houses the world’s largest concentration of data centers, which cover more than 25 million square feet of county land. About 27 miles away, however, Prince William is projecting about 33 million square feet of data centers will be […]
Getting meta
Twenty years ago, artificial intelligence seemed like the stuff of sci-fi films such as “2001: A Space Odyssey” and “The Matrix.” Today, it’s so ubiquitous as to be virtually unremarkable and unnoticeable — integrated into everything from GPS traffic navigation apps on our phones to smart devices in our homes to security scanners at the […]
Artificial intelligence gets real
Technology being developed in a nondescript office building in Reston could change how Army soldiers train for and operate in combat thousands of miles away. The Army’s Integrated Visual Augmentation System (IVAS) runs on a pair of Microsoft goggles and links to a microsized drone that flies autonomously and collects video analyzed in real time […]
Telus International to acquire WillowTree for $1.2B
Charlottesville-based WillowTree Inc., recently recognized by Adweek for being one of the fastest-growing agencies in the nation, has entered into an agreement to be acquired by Canadian tech company Telus International Inc. for $1.225 billion, Telus announced Thursday. The acquisition is expected to close in January and is subject to regulatory approvals. Under the agreement, […]
Modus Create acquires Philadelphia-based firm
Reston-based Modus Create Inc., a technology consulting firm, has acquired Philadelphia-based product and application development firm Promptworks LLC, Modus announced Tuesday. A dollar amount for the acquisition was not disclosed. The acquisition follows two others made by Modus Create this year. In May, the company acquired Atlas Authority, a New York-based information technology services and [&[...]
