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MicroStrategy buys $1B+ in bitcoin
Tysons-based business software company MicroStrategy Inc. announced Wednesday that it has purchased $1.026 billion of additional bitcoin, its largest single bitcoin purchase since it began acquiring the cryptocurrency last August. With this latest transaction, MicroStrategy’s total bitcoin holdings are worth approximately $4.5 billion, valued at current rates of $49,884 per bitcoin. The ente[...]
GMU establishes President’s Innovation Advisory Council
George Mason University President Gregory Washington on Monday announced he has formed an advisory roundtable of nearly 30 regional business executives and community leaders to focus on the university’s innovation initiative. The President’s Innovation Advisory Council will focus on issues such as GMU’s efforts to increase the pipeline of tech workers. George Mason’s innovation[...]
Chantilly systems integrator acquires Mechanicsville biz’s security solutions division
Chantilly-based tech systems integrator Corbett Technology Solutions Inc. (CTSI) announced last week it has acquired the integrated security solutions division of Mechanicsville-based electrical contractor Electrical Controls & Maintenance (EC&M). Financial terms of the transaction were not disclosed. EC&M was founded in 1996 and in 2001 launched its security systems integrator divis[...]
Martinsville credit union names chief information officer
Martinsville-based ValleyStar Credit Union announced Thursday it has hired Cheri Spence as its first chief information officer. Spence joined the ValleyStar board of directors in 2019 as the result of a merger with Entrust Financial Credit Union, where she served as chairwoman. She most recently served as vice president and CIO of Richmond-based nonprofit ChildFund. […]
MicroStrategy ups the ante on bitcoin investment
Tysons-based business software company MicroStrategy Inc. is going all in on its bitcoin strategy: The company announced Wednesday it would raise $900 million from a convertible senior notes offering set to close on Friday. On Tuesday, the company announced a $600 million offering, which it upped to $900 million on Wednesday. Proceeds from the offering […]
Reston cybersecurity firm names CFO
Reston-based LookingGlass Cyber Solutions Inc. announced last week it has hired Dana Mariano as its chief financial officer. With more than 20 years of cybersecurity experience, Mariano has overseen acquisitions of three early-stage tech companies to public entities, including Invincea to Sophos; NetWitness to RSA Security; and CareFusion to CardinalHealth. “As we prepare for LookingGlass’s [&[...]
Toronto acquisition firm buys Richmond software company
Volaris Group, a Toronto-based buyer and operator of vertical market software companies, announced last week it has acquired Richmond-based educational software company SoftChalk LLC. Financial terms of the transaction were not disclosed. Using the SoftChalk platform, instructors can develop custom course materials and interactive content, including quizzes and annotated text. “The team at Volar[...]
NYC-based software company acquires Arlington Salesforce developer
New York City-based software company Togetherwork announced Wednesday it has acquired Arlington-based Salesforce developer Fonteva. Financial terms of the transaction were not disclosed. Under the acquisition, Fonteva will operate as a business unit within Togetherwork and be led by Fonteva Chief Revenue Officer Pat McGlynn, who has been named president of Fonteva. The majority of […]
Stride selects 47 recipients for new scholarship program
Herndon-based online education provider Stride Inc. (formerly K12 Inc.) announced last week it has selected 47 recipients for the first round of its $10 million investment to provide education options for underserved Black students. The funding was disbursed through Stride’s We Stand Together Scholarships program, which was first announced in September 2020. The first cohort […]
Appian names chief marketing officer
Tysons-based cloud computing company Appian Corp. announced last week it has hired Denise Vu Broady as its chief marketing officer. With more than 24 years of technology experience, Broady most recently served as the global chief operating officer for SAP. In her new role, she will oversee Appian’s global marketing and communications efforts. “Denise Broady […]
MicroStrategy stock jumps 29% after Tesla bitcoin purchase
Following Tesla’s announcement that it had purchased $1.5 billion in bitcoin, Tysons-based business software company MicroStrategy Inc. — which has converted hundreds of millions in holdings to bitcoin now worth more than $3 billion — saw its stock price jump by 29% on Monday. By Monday at 4 p.m., the Nasdaq reported that MicroStrategy’s stock […]
Herndon tech company names COO, sales VP
Herndon-based cloud service provider ViON Corp. announced Wednesday it has promoted Rob Davies to chief operations officer and David Kushner to senior vice president of sales. Davies joined the company in 2014 and served as the vice president in charge of all cloud and as-a-service contracts and programs for the company. “Rob’s ability to lead […]
