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Booz Allen Hamilton acquires Herndon IT company for $725M
McLean-based Fortune 500 global management consulting company Booz Allen Hamilton Inc. announced Tuesday that it has entered into a definitive agreement to acquire Herndon-based Liberty IT Solutions LLC for $725 million. In a statement, Booz Allen President and CEO Horacio Rozanski said, “This acquisition supports our long-term strategy to drive continued growth by investing in innovative […][...]
AES to provide carbon-free power for Google’s Loudoun data centers
As part of Google LLC’s ambitious “moonshot” to produce all of its energy from carbon-free sources, Arlington-based The AES Corp. announced Tuesday that it has signed a 10-year agreement to provide carbon-free power for Google’s data centers in Loudoun County. A Fortune 500 international electrical utility, AES will provide 90% of the Google data centers’ […]
Fairfax County tech company adding 162 jobs
A fast-growing technology solutions company will invest $1.75 million to expand in Fairfax County, creating 162 jobs, Virginia Gov. Ralph Northam announced today. The company, Ridgeline International Inc., offers technology solutions for the federal government, commercial and nonprofit sectors. It said the expansion aims to increase its ability to provide security solutions. Founded in 2015, […][...]
Commonwealth Cyber Initiative funds $1M for student cybersecurity projects
The Commonwealth Cyber Initiative has allocated $1 million toward experiential cybersecurity projects for students at universities across the state, the organization announced Thursday. The seven projects involve student researchers from George Mason University, Longwood University, Marymount University, Old Dominion University, Radford University, the University of Virginia, Virginia Tech and William & Mary. “By building experien[...]
Luna Innovations Inc. taps new COO
Roanoke-based Luna Innovations Inc. has named Brian J. Soller its new chief operating officer, effective immediately. He was previously senior vice president and general manager of Lightwave, Luna’s largest division. The fiber optic tech company, which manufactures products for the aerospace, automotive, communications, de[...]
Ashburn-based CIS acquired by Indiana private equity firm
On April 20, Indianapolis-based private equity firm Hammond, Kennedy, Whitney & Co. Inc. (HKW) announced that it had acquired Ashburn-based technology company CIS Secure Computing Inc. (CIS) from Oklahoma City-based Acorn Growth Cos. LLC. The financial terms of the transaction were not disclosed. CIS is a provider of secure and customized communications technologies that help […]
Dollar Tree launches digital media network
Chesapeake-based Fortune 500 discount retailer Dollar Tree has launched a digital media arm that aims to connect advertisers with potential customers via its Family Dollar retail brand, it announced today. Dollar Tree says its new venture, the Chesapeake Media Group, will offer services that help companies place ads on Family Dollar’s website and mobile app […]
Fortnite video game CEO makes Va.’s largest land conservation gift
North Carolina billionaire and Epic Games Inc. CEO Tim Sweeney has donated 7,300 acres of privately-owned land in Halifax County to the state — the largest single private land conservation gift in Virginia history, Gov. Ralph Northam announced Friday. Cary, North Carolina-based Epic is the company behind the massively popular [...]
Unison acquires Price Systems
Dulles-based Unison Software Inc. announced Wednesday that it has acquired New Jersey-based Price Systems LLC for an undisclosed amount. Both companies provide software to support governmental missions, acquisition professionals, government contractors and manufacturers. “Our customers’ mission-critical programs continue to grow more complex. Price Systems best practices, thought leadership and unrivaled data-driven software are[...]
3Pillar Global closes third acquisition within year
Fairfax-based product lifecycle management company 3Pillar Global Inc. has completed an acquisition of North Carolina-based software firm Software Development Europe, it announced Tuesday. It’s the third acquisition for 3Pillar during the past year — part of a growth strategy fueled by an investment from New York-based private equity investor CIP Capital, according to 3Pillar. The […][...]
Graham Holdings Co. to acquire Leaf Group Ltd. for $323M
Arlington-based Graham Holdings Co. announced Tuesday that it has entered into an agreement to acquire Santa Monica, California-based consumer internet company Leaf Group Ltd. in a $323 million, all-cash transaction. Graham Holdings will acquire all outstanding shares of Leaf Group’s common stock at $8.50 per share. The transaction is expected to close in June or […]
Telecom company SES building $17M facility in Prince William
Luxembourg-based telecommunications company SES will invest $17 million in a new U.S. hub facility in Prince William County facility where it will merge its satellite and network operations, Virginia Gov. Ralph Northam announced Thursday. The facility is expected to create up to 200 net jobs by 2026. “In consolidating our local SES satellite and network […]
