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SEC charges Herndon-based tech company, CEO with fraud
The Securities and Exchange Commission announced charges Thursday against Herndon-based Kelvin Boon LLC/Boon.Tech and its CEO, Rajesh Pavithran, for fraud and registration violations in connection with a $5 million initial coin offering of digital asset securities. Without admitting or denying the SEC‘s findings, Pavithran and his company agreed to settle the charges by consenting to [&helli[...]
Herndon company wins $27.8M Army contract
The U.S. Army awarded Herndon-based technology and management company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) a $27.8 million contract to provide civilian talent management, the company announced Tuesday. Through the contract, Serco will provide analytic, management and advisory services for the Army’s civilian workforce and provide talent management architecture fo[...]
MicroStrategy converts $250M cash holdings to bitcoin
Tysons-based business software company MicroStrategy Inc. announced Tuesday it has converted $250 million from its cash holdings into more than 21,000 bitcoins. The company will keep its bitcoin holdings on its corporate treasury reserve — which MicroStrategy CEO Michael J. Saylor said in a statement will be the the principal holding in its treasury reserve […]
GSA awards Reston tech company $11.8M contract
The General Services Administration (GSA) has awarded Reston-based government technology company Octo Consulting Group an $11.8 million contract to provide framework and architecture services for the GSA’s System for Award Management (SAM). Under the GSA’s CIO Modernization and Enterprise Transformation contract, Octo will provide Scaled Agile Framework (SAFe) and business and techni[...]
Va. tops annual tech business rankings
Virginia topped the charts in many categories of Business Facilities’ 16th Annual State Rankings Report released last week — especially for technology. This year, Virginia was ranked No. 1 for its cybersecurity leaders, digital infrastructure and unmanned aerial systems and No. 2 for its business climate. This was the first year that the national business […]
Reston telemedicine company to go public
Reston-based telemedicine provider SOC Telemed announced Monday it plans to go public through a merger with a “blank check” company, Healthcare Merger Corp. (HCMC) — a transaction that would value SOC at $720 million. The combined company will operate as SOC Telemed and be listed on the Nasdaq. HCMC is a Nasdaq-listed public investment company. […]
Arlington software firm buys S.C. company
Arlington-based software developer Higher Logic announced Wednesday has acquired Charleston, South Carolina-based Customer Imperative. A transaction amount was not disclosed. Higher Logic offers an online engagement and communications platform, while Customer Imperative focuses on client management. “Today more than ever, the need to clearly understand and drive customer success is a core busi[...]
Reston IT company names chief HR officer
Reston-based information technology systems integration company Intelligent Waves LLC announced Wednesday it has hired Heidi Pirela as chief human resources officer. Pirela was most recently head of people operations at Herndon-based aerospace company Spaceflight Industries Inc. In her new role, she will oversee the company’s organization development, talent management, leadership developmen[...]
Fairfax company lands $54M cybersecurity contract
The U.S. Department of the Interior (DOI) has awarded Fairfax-based business and technology consulting company Customer Value Partners Inc. (CVP) a four-year, $54 million contract to provide department-level cybersecurity services. The award has been distributed through the DOI’s Information Management and Assurance Program Support contract. CVP will provide risk management, continuous monit[...]
VA awards Arlington tech company $153M contract
The U.S. Department of Veterans Affairs (VA) awarded Arlington-based federal technology contractor CACI International Inc. a six-year contract worth up to $153 million to modernize the department’s legacy financial management system, the VA announced Monday. The VA received three bids for the contract, which was awarded through the General Services Administration’s Information Technolo[...]
OneWeb co-acquired by Maryland-based Hughes
Germantown, Maryland-based Hughes Network Systems LLC has joined a coalition with the United Kingdom government and Bharti Enterprises Ltd. of India to acquire London-based OneWeb, which has its U.S. headquarters in McLean, out of bankruptcy. Hughes invested $50 million in the coalition to acquire OneWeb, which has plans to launch a constellation of 650 low […]
Trustify CEO charged with defrauding investors
Daniel Boice, CEO and founder of Arlington-based tech startup Trustify Inc., was charged by federal prosecutors Monday with fraud and money laundering charges related to a scheme to defraud investors of $18.5 million. In a parallel action, the Securities and Exchange Commission also charged Trustify Inc. and Boice with violating the antifraud provisions of the […]
