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Tegna acquires podcast company
Tysons-based broadcast and digital media company Tegna Inc. announced Thursday it has acquired Locked On Podcast Network, which covers local sports and the four major professional sports leagues. Financial terms of the transaction were not disclosed, but the acquisition will expand Tegna’s podcast market presence. Locked On produces daily shows for the NBA, NFL, MLB […]
DXC Technology receives unsolicited bid for all company shares
Tysons-based Fortune 500 IT services company DXC Technology confirmed Thursday it received an unsolicited, preliminary and nonbinding proposal from French information technology company Atos to buy all of the company’s shares. DXC will evaluate the proposal, according to a company statement. “Prior to receiving this proposal Wednesday night, DXC Technology had no knowledge of any [&hel[...]
MicroStrategy raises $650M to be invested in bitcoin
Tysons-based business software company MicroStrategy Inc. announced Friday it closed a convertible debt offering by raising $650 million, which it plans to use to increase its bitcoin holdings. MicroStrategy estimates the net proceeds from the notes sale will be approximately $634.9 million, which it will invest in bitcoin, according to a company statement. The initial […]
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 […]
Capital One CFO to leave in March 2021
McLean-based Capital One Financial Corp. Chief Financial Officer R. Scott Blackley will step down in March 2021 to hold the same position with New York City-based health insurance startup Oscar Health Insurance Corp., the company announced last week. Capital One is the largest bank in Virginia, according to 2019 deposits. Senior vice president and business […]
Tysons IT company acquires Fla.-based tech training company
Tysons-based information technology company By Light Professional IT Services LLC announced Friday it has acquired Port Orange, Florida-based technology training company Raydon. Financial terms of the acquisition were not disclosed. Founded in 2002, By Light provides engineering, cyber, modeling and simulation services to defense and government agencies, employing more than 2,000 people. Raydon, w[...]
LMI lands $77.5M Homeland Security contract
The U.S. Department of Homeland Security (DHS) awarded Tysons-based government and defense contractor LMI a $77.5 million contract to support and advise the department on efforts to prevent chemical, biological, radiological and nuclear attacks. LMI will provide services to the DHS Countering Weapons of Mass Destruction (CWMD) Office. The company will offer expertise on chemical, […]
DXC Technology to pay out $650K under legacy pay discrimination allegations
Tysons-based Fortune 500 IT services company DXC Technology has entered into a conciliation agreement with the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) and agreed to pay $650,000 in back pay and interest to resolve compensation discrimination allegations against female employees in 2012. DXC Technology was formed in 2017 when the […]
Tysons consultancy names VP, management advisory services
Tysons-based government and defense consultancy LMI announced Wednesday that Christine “Chrissy” Cocrane has been promoted as vice president of management advisory services. Cocrane most recently served as LMI’s director of policy analysis and operations. In her new role, she will oversee more than 600 policy analysts, project and program managers, communications, financial, science and [...]
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 — […]
Gannett announces $500M debt refinancing
McLean-based Gannett Co. Inc., the largest newspaper publisher in the U.S., announced Tuesday it has refinanced approximately $500 million in debt to more quickly repay on outstanding loans. Gannett announced in early April that it was negotiating with its vendors, creditors and pension regulators in order to preserve the company’s liquidity. It was noticeably not […]
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 […]
