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HUD awards Fairfax firm $42M contract
The U.S. Department of Housing and Urban Development awarded Fairfax-based tech contractor Pyramid Systems a two-year, $42 million contract to migrate loan processing system applications to cloud computing infrastructure designed for government use, the company announced Wednesday. Pyramid Systems will use Salesforce to restructure existing software code for the Federal Housing Administration’s (FHA) legacy information […][...]
Tysons software company converts $425M cash holdings to bitcoin
The CEO of Tysons-based business software company MicroStrategy Inc., Michael Saylor announced Tuesday that the company has now purchased $425 million worth of bitcoin. 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 to use […]
Tysons contactless delivery tech company buys Ind.-based firm
Tysons-based startup HomeValet, which develops technology for contactless deliveries, announced Wednesday it has acquired Evansville, Indiana-based Evolve Engineering LLC, which focuses on appliance engineering. Terms of the transaction were not disclosed. “Envolve Engineering’s team has had a hand in developing home appliance products for some of the largest refrigeration brands in the industry,” Jack Simms, […][...]
Perspecta lands $98.4M Education Dept. contract
The U.S. Department of Education awarded Chantilly-based federal contractor Perspecta Inc. a three-year, $98.4 million contract to help the agency manage inquiries about federal scholarships and other forms of academic financial assistance though an omni-channel contact center. Perspecta will support the Office of Federal Student Aid (FSA) by operating the Federal Student Aid Information Center […][...]
Arlington contractor wins $450M DHS purchase agreement
The Department of Homeland Security (DHS) awarded Arlington-based federal technology contractor CACI International Inc. a one-time, $450 million blanket purchase agreement to provide desktop support services to the agency’s headquarters, the company announced Tuesday. Under the contract, CACI will provide enterprise technology to sustain and administer IT systems, which, according to the company, will increase […][...]
Academy launched to help 20 NoVa tech firms pivot for COVID-19
McLean-based Amplifier Advisors and a group of university, government, corporate and community partners on Tuesday announced the launch of the Tandem Product Academy, which will assist a cohort of 20 Northern Virginia tech companies to pivot their business models to respond to the COVID-19 economy. The four-month program, set to start on Oct. 21, is […]
Va. attorney general secures $15.3M settlement for former ITT Tech students
Virginia Attorney General Mark Herring secured an agreement to obtain $15.3 million in debt relief for at least 1,840 former ITT Tech students in Virginia as part of a settlement including 47 additional attorneys general and the federal Consumer Financial Protection Bureau, his office announced Tuesday. The entire settlement is approximately $330 million for 35,000 […]
Reston federal contractor wins $89M Army contract
Reston-based federal contractor NCI Information Systems Inc. announced Tuesday it has won a two-year, $89 million contract from the U.S. Army Intelligence and Security Command (INSCOM) to provide IT services for its new Secure Admin Operating Facility (SAOF) at Fort Belvoir. Under the contract, NCI will provide full IT and audiovisual engineering services to enhance […]
Emory & Henry names dean for upcoming business school
Emory & Henry College announced Monday that Emmett Tracy has been appointed as dean of its new School of Business, which will be built on the former site of Carriger Hall at the college in Washington County. Until the business school opens at an unannounced date, McGlothlin Street Hall will be home for the business […[...]
Center for Innovative Technology names president, CEO
The Herndon-based Center for Innovative Technology (CIT) announced Friday it has promoted former state Secretary of Commerce and Trade Robert J. “Bob” Stolle as its new president and CEO, replacing Ed Albrigo. A not-for-profit corporation created in 1985 by the Virginia General Assembly, CIT functions as the state go[...]
26 Va. schools make U.S. News and World Report’s 2021 list
Of more than 500 schools recognized on the U.S. News and World Report’s 2021 lists of the best universities and liberal arts colleges in the country released Monday, 26 Virginia schools snagged spots. The University of Virginia was ranked as the fourth-best public school in the country and had the highest graduation rate of any […]
Va. Small Business Financing Authority didn’t loan out $28M
The Virginia Small Business Financing Authority (VSBFA) disbursed only 8% of its available funds in 2018 and just 10% in 2019 for loans, grants and bonds to help small businesses — holding on to $28 million, according to a study released Monday by the Joint Legislative Audit & Review Commission (JLARC). A division of the […]
