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Lawmakers advance bills regulating consumer lending
RICHMOND, Va. — Del. Mark Levine recalls receiving a $1,000 loan offer from a company with a 299% interest rate buried deep in the fine print. “As the company compounds daily at this interest rate, this loan would cost anyone desperate enough to accept this offer more than $20,000 in interest and fees if they […]
The Hilb Group acquires Florida insurance agency
Henrico County-based insurance company The Hilb Group LLC (THG) announced Tuesday the acquisition of Bonita Springs, Florida-based Regency Insurance Group LLC (RIG), effective Feb. 1. Financial terms of the acquisition were not disclosed. RIG is a property and casualty agency that specializes in personal lines coverage including home, auto, flood and watercraft insurance. RIG co-founders […][...]
Va. Beach’s Croatan Investments adds principal to leadership team
Virginia Beach-based real estate investment company Croatan Investments LLC added Mike Marshall as a principal on its leadership team, the company announced Monday. Marshall was most recently executive managing director for New York City-based real estate company Newmark Knight Frank Inc. (NFK) and has more than 30 years of expe[...]
Former church building in Chesapeake sells for $5.75M
Chesapeake-based 601 Volvo LLC purchased the former Parkway Christian Center Inc. building in Chesapeake for $5.75 million, Toronto, Ontario, Canada-based commercial real estate company Colliers International announced Monday. The 36,185-square-foot building at 601 Volvo Pkwy. in Chesapeake sits on more than five acres of land. [...]
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 footpri[...]
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 t[...]
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 […]
Fairfax tech firm names new CTO
Fairfax-based business and technology consulting company Customer Value Partners Inc. (CVP) named Keith Kapp as its chief technology officer, the company announced Thursday. As CTO, Kapp will oversee business transformation, technology modernization, data science, engineering and cybersecurity at the company. Kapp most recentl[...]
Leidos wins $7.7B Navy contract
Reston-based defense contractor Leidos has been awarded a $7.7 billion contract by the Naval Information Warfare Systems Command (NAVWAR) to operate and maintain shore-based networks and data management for several departments of the Navy, the company announced last week. NAVWAR is the Navy’s technical authority and acquisition command for its business IT and space systems. […]
Northam proposes $1M investment for future STEM educators at HBCUs
Gov. Ralph Northam on Monday proposed a $1 million investment through the national UTeach program to increase pathways for students at Virginia’s two public historically black colleges and universities (HBCUs) to become science, technology, engineering and mathematics (STEM) educators. Although the UTeach program is present at 45 U.S. colleges and universities, Virginia is the first […][...]
