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MicroStrategy buys $347M more bitcoin in Q2
MicroStrategy Inc. and its subsidiaries purchased about $347 million worth of bitcoin — approximately 12,333 units — from April 29 to June 27, according to the Tysons-based tech company’s June 28 filing with the U.S. Securities and Exchange Commission. Believed to be the world’s largest publicly traded corporate holder of bitcoin, MicroStrategy and its subsidiaries […]
NoVa chamber inducts Deb Gandy as next chair
Deborah G. “Deb” Gandy, senior managing director at Chevy Chase Trust Investment Advisors, was inducted as 2023-2024 chair of the Northern Virginia Chamber of Commerce on Tuesday. Gandy, the first Black woman to chair the chamber, previously served as the chamber’s 2022-2023 vice chair and succeeds Matt McQueen, Peraton Inc.’s chief communications and engagement officer, […]
$5.4B Tegna sale is terminated
The deadline has expired on hedge fund Standard General LP’s $5.4 billion bid to acquire Tysons-based publicly traded broadcasting giant Tegna Inc. The largest owner of NBC affiliates, Tegna has 64 television stations in 51 U.S. markets and reaches 39% of all television households nationwide. The stalled agreement was terminated after the acquisition’s deadline expired […]
Katie Cristol to lead Tysons development nonprofit
Arlington County Board of Supervisors member Katie Cristol will step down early to take a job as the first permanent CEO of the Tysons Community Alliance, the Tysons community development nonprofit announced Tuesday. Cristol will assume the role on July 5, relieving acting CEO Richard Bradley. In October 2022, the Tysons Community Alliance replaced the […]
Cvent to be acquired in $4.6B deal
Tysons-based meetings and events software company Cvent Holding Corp. has agreed to be acquired by New York-based private equity firm Blackstone in a deal valued at about $4.6 billion, the company announced Tuesday. Under the agreement, Cvent stockholders will receive $8.50 per share in cash, representing a premium of 52% to the volume weighted average […]
Virginia Chamber appoints Transurban exec as board chair
The Virginia Chamber of Commerce has elected Lakshmi Williams, North American general counsel for Transurban, to serve as the 2023 chair of the chamber’s board of directors. Her term will last one year. Based at Transurban’s U.S. headquarters in Tysons, Williams joined the Virginia Chamber’s board in 2018 and has served on the executive board […]
LMI acquires national security software company
Tysons-based consultancy LMI has acquired Colorado Springs, Colorado-based Synaptech, according to a news release. Terms of the deal were not disclosed. Synaptech creates digital engineering, modeling and simulation software for the national security and space industries. “LMI is thrilled to be entering the fast-paced, growing space market by acquiring Synaptech, which protects our nation’[...]
Tysons alliance replaces biz partnership
It‘s been a decade since Tysons unofficially dropped “corner” from its name amid plans by Fairfax County to transform the area into an urban live-work-play mecca anchored by four Metro Silver Line stations. As Tysons marches toward the county’s goal — laid out in its 2010 comprehensive plan — to grow to 100,000 residents and […]
Maximus names new foundation president, chair
Tysons-based government contractor Maximus Inc. has announced Arvenita W. Cherry to lead the company’s philanthropic arm. Cherry was named president of the Maximus Foundation, a role she took over on Oct. 1, according to an announcement Monday. She takes over from John Boyer, who has served in the role for 17 years. Boyer is retiring […]
Pangiam to add 200+ jobs at new Tysons HQ
Pangiam, a travel and security technology company, will invest $3.1 million to establish its global headquarters in Fairfax County’s Tysons area, creating 201 jobs over the next three years, Gov. Glenn Youngkin announced Thursday. Pangiam provides facial recognition technology, cloud-based applications and data-driven identity solutions to customers including the Department of Homeland Secur[...]
Maximus lands $6.6B Medicare call center contract
Maximus Inc. won an up to $6.6 billion contract for the Centers for Medicare & Medicaid Services for contact center operations, the Tysons-based federal contractor announced Thursday. Under the contract, which has a one-year base period and nine one-year options, Maximus will continue supporting CMS’ contact center. The contact center operations contract handles more 35 […]
Bitcoin whale Michael Saylor accused of tax fraud
Tysons-based MicroStrategy Inc. Executive Chairman Michael Saylor is being sued by the city of Washington, D.C., which accuses Saylor of engaging in a fraudulent scheme to deprive the city of more than $25 million in income taxes while living in “a luxury penthouse on the Georgetown waterfront” and claiming to be a resident of Virginia […]
