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SAIC to raise $400M to finance Unisys Federal acquisition
Reston-based federal contractor Science Applications International Corp. (SAIC) will raise $400 million to finance its $1.2 billion acquisition of Reston-based Unisys Federal, the company announced Wednesday. SAIC will launch an offering of senior notes due in 2028 and will use the proceeds, cash on its balance sheet, borrowings under its credit facility and proceeds from […]
Arlington machine learning developer receives $63M investment
Arlington- and Boston-based machine learning developer Carbon Relay received a $63 million investment from New York City-based venture capital and private equity firm Insight Partners, the companies announced Wednesday. Carbon Relay will use the investment to grow its Red Sky Ops platform for optimizing application performance in Kubernetes environments. Kubernetes — originally developed by Goog[...]
UiPath donates $16.4M in software licenses to GMU business school
New York City-based software developer UiPath has donated $16.4 million in software licenses to George Mason University’s School of Business for students to learn robotic process automation (RPA) technologies, the university announced Wednesday. RPA configures computer software for users to integrate human interaction actions in digital systems for business processes. With RPA, robots can captur[...]
Virginia Values Veterans program certifies 1,000th employer
Reston-based computer software company Carahsoft Technology is the 1,000th employer to earn certification from the state government’s Virginia Values Veterans (V3) program, Gov. Ralph Northam announced Tuesday. Administered by the Department of Veterans Services, the V3 program is designed to connect Virginia veterans to the workforce, assisting with recruiting, hiring, training and retain[...]
Reston-based IndraSoft promotes exec to chief growth officer
Reston-based software company IndraSoft Inc. promoted John Luongo to chief growth officer, the company announced Thursday. Luongo joined the company in 2018 and was the vice president of growth and strategy. In his previous role and new role, he will focus on business development and corporate strategy. Before his time at IndraSoft, Luongo worked for […]
Reston-based tech firm acquires Danish company
Reston-based federal contractor and tech firm SOS International LLC (SOSi) has acquired Denmark-based analytics software company NorthStar Systems, SOSi announced Tuesday, making it the company’s fifth acquisition since 2016, including New World Solutions, Defense Group Inc., STG Group Holdings Inc. and Vykin Corp. Financial terms of the deal were not disclosed. “We’re continuing to expand[...]
Reston-based IndraSoft wins $43M Army contract
Reston-based software company IndraSoft Inc. has been granted a $43 million contract from the U.S. Army Intelligence and Security Command (INSCOM) to enable data sharing and DevSecOps system integration, the company announced Monday. This contract will support the Army’s Maintenance of Enterprise Technologies and Applications (META) program. DevOps is a set of practices that automates […]
Herndon automotive tech company hires Google exec as CEO
Herndon-based automotive tech and consulting company Foundation Direct has named Peter Leto as CEO, the company announced Monday. Leto previously worked as head of industry for Google LLC’s Automotive Retail Sales and General Motors business units. Based in Detroit, Leto will work on expanding Foundation Direct’s footprint there. Leto was with Google for 11 years. […]
MorganFranklin Consulting names managing director of IAM service
McLean-based finance and technology advisory firm MorganFranklin Consulting LLC named Jason Berland as the managing director of its identity and access management (IAM) service offering, the company announced Monday. Identity and access management services ensure that the proper people in a business have the appropriate access to its technology resources. In his new role, Berland […]
DXC Technology elects former Pfizer CEO as board chairman
DXC Technology’s board of directors elected Ian Read as its new chairman, which will be effective March 16, the Tysons-based IT company announced Thursday. Read is the former chairman and CEO of New York City-based multinational pharmaceutical corporation Pfizer Inc., known for medications such as Lipitor, which treats high cholesterol. Read succeeds DXC Technology’s current […]
Ashburn data center company announces $2B European expansion
Santa Clara, California-based data center campus company Vantage Data Centers, which opened an Ashburn location in 2019, will expand in Europe through a $2 billion investment, the company announced Monday. Vantage will acquire data center company Etix Everywhere SA, which has a data center campus in Frankfurt, Germany. Vantage will develop data center campuses in […]
Accenture Federal Services wins $11.3M Navy contract
Arlington-based Accenture Federal Services has been granted an $11.3 million, 12-month contract to improve the Naval Sea Systems Command’s (NAVSEA) maritime model-based product support (MBPS) family of integrated systems, the company announced Monday. A wholly-owned subsidiary of Dublin, Ireland-based consultancy Accenture, Accenture Federal Services (AFS) will develop a prototype to execute mai[...]
