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Spotify completes $235M acquisition of Reston-based Megaphone
Music streaming giant Spotify Technology SA has completed the acquisition of Arlington-based media and education conglomerate Graham Holdings Co.’s podcast technology company, Megaphone, for $235 million, the company announced Tuesday. The acquisition was first announced Nov. 10. Founded in 2015, Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales for br[...]
Arlington tech consultant names CTO, CGO
Arlington-based technology consulting company Definitive Logic has named Michael Conlin as chief technology officer and Ryan Elliott as chief growth officer. With more than 20 years of experience, Conlin was the first chief data officer for the U.S. Department of Defense. In his new role, he will focus on data analytics and artificial intelligence. Elliot […]
MicroStrategy to increase bitcoin holdings by $550M
Tysons-based business software company MicroStrategy Inc. announced Wednesday that it will increase its bitcoin holdings by as much as $550 million following a convertible debt offering. In August, the company had announced that it had converted $250 million from its cash holdings into more than 21,000 bitcoins, making it one of the first public companies […]
Salesforce to acquire McLean-based Acumen Solutions
On Dec. 1, the same day it announced that it was acquiring workplace communication service company Slack for $27.7 billion in cash and stock, cloud-services company Salesforce.com Inc. revealed that it’s also acquiring McLean-based professional services firm Acumen Solutions. San Francisco-based Salesforce has entered into a definitive agreement to acquire Acumen Solutions. In a statement [&hell[...]
Northrop Grumman names chief technology officer
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. announced Wednesday it has promoted Scott Stapp as chief technology officer (CTO). Stapp was most recently Northrop Grumman’s vice president of resiliency and rapid prototyping and has also previously served as vice president of applied research and technology development. In his new role, he […]
Equinix announces $95M Ashburn data center expansion
Redwood City, California-based digital infrastructure company Equinix Inc. has opened a new $95 million data center on its existing Ashburn campus, giving the company additional capacity. The two-story data center is designed for both large and small deployments. The $95 million first phase includes more than 41,000 square feet of colocation space, which will total […]
Two Va. companies land spots on $496M Washington Headquarters Service contract
Arlington-based Washington Headquarters Service awarded two Virginia companies spots on a potential five-year, $496 million contract to support the Office of the Under Secretary of Defense for Research and Engineering, the U.S. Department of Defense announced Thursday. Chantilly-based engineering and tech contractor American Systems Corp. and Alexandria-based Modern Technology Solutions Inc. (alon[...]
15 Va. tech companies ranked fastest-growing in North America
Fifteen Virginia tech companies earned spots on Deloitte’s 26th annual North America Technology Fast 500 Rankings list released Wednesday. “For more than 25 years, we’ve been honoring companies that define the cutting edge and this year’s Technology Fast 500 list is proof positive that technology — from software and digital media platforms, to biotech — […]
McLean-based ID.me to add 1,000 workers in NoVa
McLean-based identity verification company ID.me announced Tuesday it plans to hire 1,000 new employees in Northern Virginia before the end of 2021. ID.me, which provides identity verification services used for military discounts and group buying services online, has hired more than 300 employees thus far this year, attributable to its “explosive growth.” “Since the onset […]
Herndon defense contractor acquires cyberservices provider
Herndon-based ManTech International Corp. has completed its acquisition of Minerva Engineering, a provider of advanced cybersolutions. Headquartered in Hanover, Maryland, Minerva Engineering offers a range of advanced cyberservices that support the intelligence community (IC), including risk and vulnerability assessment, incident response and cyberintrusion detection, and wireless signal discovery[...]
Mitre tech foundation launches 5G consortium
McLean-based The Mitre Corp. announced Tuesday that its tech foundation, Engenuity, has launched a consortium with a goal of bringing together government, industry and academic institutions to advance innovations in 5G technology. The Open Generation Consortium’s founding members are Ericsson, Nokia Corp., Verizon, Altiostar, First iZ, Hush Aerospace, Kittyhawk, CTIA – The Wireless Association[...]
Peraton lands $950M Air Force contract
The U.S. Air Force awarded Herndon-based national security contractor Peraton a $950 million contract to provide services in support of the branch’s Advanced Battle Management System (ABMS), a component of the Department of Defense’s Joint All Domain Command and Control (JADC2) effort, the company announced Monday. Under the contract, Peraton will provide services including open […]
