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Fairfax tech company names chief technology officer
Fairfax-based tech company Pyramid Systems announced Wednesday it has hired Kevin Worley as chief technology officer and head of technology operations. With more than 20 years of technology experience, Worley most recently served as vice president of solutions for digital transformation for Reston-based defense contractor Science Applications International Corp. In his new role, he will […]
Calif. company buys Progeny Systems division for $30M
Simi Valley, California-based unmanned aircraft systems (UAS) company AeroVironment announced Wednesday it has acquired Manassas-based Progeny Systems Corp.’s Intelligent Systems Group (ISG) for $30 million in an all-cash transaction. ISG develops artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies for the Department of Defense and intellige[...]
Huntington Ingalls promotes three VPs
Newport News-based Huntington Ingalls Industries announced Wednesday three promotions in its technical solutions division. Grant Hagen has been promoted as vice president of business operations; Jaime Orlando has been promoted as vice president of communications; and Chris Walton has been promoted as vice president of information technology. They will all assume their positions March 1 […]
Charlottesville construction software company acquired by Neb. firm
Omaha, Nebraska-based construction management software company Buildertrend announced Wednesday it has acquired Charlottesville-based CoConstruct, a similar software company. Financial terms of the transaction were not disclosed, but the two businesses in 2020 served a combined 23,000 clients and more than 1.1 million users, representing more than $200 billion in annual construction projects. The [...]
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 innova[...]
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’[...]
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 […]
