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Heads in the cloud
Compare economic development wish lists across Virginia, and you’ll find one item in common. It’s not a specific manufacturer, a large health care system, or even a lucrative brewery. It’s a data center — or two, or three. These massive warehouse-like structures, full of computers, servers, and other digital equipment, h[...]
DXC moves HQ to Ashburn, shifts to ‘virtual first’
Fortune 500 IT services company DXC Technology is leaving Tysons for a smaller headquarters in Ashburn in November, the company announced this week. DXC’s new 10,000-square-foot building is located at One Loudoun in Ashburn. The new corporate headquarters will reflect the shift to a virtual-first mentality. Employees can w[...]
Facebook bringing broadband to Grayson County
Facebook, Appalachian Power and Gigabeam Networks are partnering to bring faster internet to Grayson County residents, the social media giant announced Thursday. The trio of companies will bring fiber-to-the-home and wireless internet to about 6,000 households in Grayson, a Southwest Virginia county with a population of about 15[...]
Herndon’s BlackSky appoints chief revenue officer
Herndon- and Seattle-based geospatial intelligence and global monitoring company BlackSky Technology Inc. announced that J.R. Riordan assumed the role of chief revenue officer on Monday. “With a professional background in both defense and geospatial intelligence, J.R. will be an outstanding addition to BlackSky’s expanded ex[...]
GTT completes $2B infrastructure sale
McLean-based telecommunications company GTT Communications Inc. finalized the sale of its infrastructure division to Miami-based I Squared Capital, the company announced Friday, allowing GTT to move forward on Chapter 11 bankruptcy. Although the financial details were not disclosed by the companies this week, the sale price was[...]
Ellucian acquisition deal closes
The acquisition of Reston-based higher education software company Ellucian by investment firms Blackstone and Vista Equity Partners has been completed, the companies announced Wednesday. Financial terms of the deal were not disclosed. New York-based Blackstone and Texas-based Vista Equity acquired Ellucian from Texas-based TPG C[...]
Finnish software company establishes North American HQ in Reston
Helsinki-based e-permit software company Cloudpermit has chosen Reston for its North American headquarters, it said Wednesday. Last spring, during Gov. Ralph Northam’s trade visit to Germany, the company decided to locate the office in Fairfax County, with the precise location announced this week. The company currently has[...]
Vienna-based Spire Global to buy Canadian company for $161.2M
Vienna-based space-focused data and analytics company Spire Global Inc. has entered into a $161.2 million deal to purchase exactEarth Ltd., a Canadian maritime data provider, the two companies announced Tuesday. Spire, which is set to close on the cash and stock purchase late this year or in early 2022, will operate Ontario-based exactEarth as a […]
Booz Allen acquires Fredericksburg-based Tracepoint
Fortune 500 global management consultant Booz Allen Hamilton Inc. has acquired Tracepoint, a Fredericksburg-based digital forensics and incident response (DFIR) company, Booz Allen announced Monday. Financial terms of the agreement were not disclosed. Baton-Rouge based Plexos Group LLC, Tracepoint CEO Chris Salsberry, Brett Anderson and Rob Driscoll co-founded Tracepoint in December 2019. Tracepoint provides DFIR, […][...]
EarthLink to create 285 jobs in Norton
Atlanta-based internet service provider EarthLink is spending $5.4 million to build a customer support center in Norton, a project expected to create 285 jobs, InvestSWVA and Gov. Ralph Northam announced Tuesday. As part of moving its customer service operations from overseas to the U.S., EarthLink will build a 30,000-square-foo[...]
Blackboard to merge with Fla. company Anthology
Reston-based Blackboard Inc. announced Monday it will merge with Florida company Anthology. Anthology is a cloud-based software company focused on serving global education institutions, and Blackboard is a provider of learning management software and has more than 150 million users. Its clients include higher education institutions, K-12 schools, governments and businesses. The financial details were […][...]
TransUnion to acquire majority of Neustar for $3.1B
Chicago-based consumer credit reporting agency TransUnion has signed a definitive agreement to acquire Reston-based identity management tech company Neustar Inc.’s marketing, fraud and communications businesses for $3.1 billion in cash. The transaction is expected to close in the fourth quarter. The Neustar acquisition is expected to generate approximately $575 million in revenue and $115 million […][...]
