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Vienna digital development firm acquires health tech company
Vienna-based digital development company 10Pearls has acquired Inspirant Group, a health care strategy consulting firm based just outside Chicago, 10Pearls announced Monday. Financial terms of the transaction were not disclosed. “We are delighted to welcome Inspirant Group to our team at 10Pearls. … The combination of our two teams will allow us to partner with […]
DXC penalized by SEC over misleading financial info
Ashburn-based Fortune 500 IT company DXC Technology Co. has been penalized by the federal government for making “misleading” financial reports from 2018 to early 2020, according to the U.S. Securities and Exchange Commission. DXC did not admit or deny the charges, but consented to a cease-and-desist order and agreed to pay an $8 million penalty. […]
Parsons to acquire N.J. software company
Centreville-based Fortune 1000 defense contractor Parsons Corp. has entered into an agreement to acquire IPKeys Power Partners Inc., a New Jersey provider of enterprise software platform solutions, the company announced Tuesday. The $43 million acquisition is expected to close in the second quarter. IPKeys Power Partners delivers cyber and operational security to electric, water and […]
Cvent to be acquired in $4.6B deal
Tysons-based meetings and events software company Cvent Holding Corp. has agreed to be acquired by New York-based private equity firm Blackstone in a deal valued at about $4.6 billion, the company announced Tuesday. Under the agreement, Cvent stockholders will receive $8.50 per share in cash, representing a premium of 52% to the volume weighted average […]
Feds say Chinese cranes used at Port of Va. could be spy tools
The Port of Virginia may have as many as 30 Chinese ship-to-shore cranes that have come under scrutiny from Pentagon officials over national security concerns, and the port has five more on delivery for next year. The cranes made by Shanghai Zhenhua Heavy Industries Co., known as ZPMC, a state-owned company whose major shareholder is […]
Amazon delays construction on HQ2
Amazon.com Inc. is delaying construction on the second phase of HQ2, its $2.5 billion East Coast headquarters in Arlington County. The news comes as Amazon plans to open HQ2’s first phase, Metropolitan Park, in June, and as the Fortune Global 500 tech company laid off a record 18,000+ workers amid concerns over slowing revenues and […]
Norfolk tech startup plans $1M expansion
Norfolk-based digital magazine startup Magazine Jukebox Inc. (MJB) will invest $1 million to expand, moving from a coworking space into an office, and will create an estimated 20 jobs. Gov. Glenn Youngkin announced the expansion Tuesday. “We are proud that Magazine Jukebox, an emerging leader in the technology services sector, was founded in Virginia and […]
Accenture Federal Services announces new National Security lead
Arlington-based Accenture Federal Services has promoted Kevin Heald to National Security portfolio lead, effective May 1, the federal contractor announced Wednesday. Heald is currently the emerging technology and cyber sector lead for AFS’ National Security portfolio. He was Novetta’s senior vice president of its information exploitation division before AFS acquired the McLean-based an[...]
Babel Street acquires text analysis platform
Reston-based web and social media monitoring company Babel Street Inc. has completed its previously announced acquisition of text analytics platform Rosette. Financial terms of the transaction were not disclosed. Babel Street first announced the acquisition in November 2022. The company completed its purchase of the platform from Massachusetts-based BasisTech LLC at the end of December […]
Pavion acquires Mo. video security company
Chantilly-based technology firm Pavion, formerly Corbett Technology Solutions Inc. (CTSI), acquired Missouri-based Short Circuit Electronics Inc., Pavion announced last week. Financial terms of the transaction were not disclosed. Pavion is a portfolio company of Chicago-based private equity firm Wind Point Partners. The acquisition is Pavion’s 11th since it was acquired by Wind Point in June[...]
$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 […]
