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Technology

Mike Steib
Jun 17, 2024

Tegna announces new president and CEO

Michael Steib will succeed Tegna President and CEO David Lougee, who is retiring Aug. 12, Tysons-based broadcasting giant Tegna announced Monday. The 48-year-old Steib will also succeed Lougee as a member of the company’s board of directors. Lougee, age 65, will become a senior adviser. Lougee has been president and CEO an[...]

Michael Saylor, chairman and CEO of MicroStrategy, speaks during a panel discussion at the Bitcoin Conference, Thursday, April 7, 2022, in Miami Beach, Fla. Thousands of cryptocurrency enthusiasts are gathering in Miami as the city builds its reputation as one of the key locations to develop the blockchain technology despite its underdog status. (AP Photo/Rebecca Blackwell)
Jun 3, 2024

Bitcoin billionaire Saylor settles D.C. tax fraud suit for $40M

After close to two years of litigation, bitcoin billonaire Michael Saylor and MicroStrategy, the Tysons-based business software company he co-founded and remains executive chairman of, have agreed to pay $40 million to resolve a tax fraud lawsuit filed by the city of Washington, D.C., according to an announcement Monday morning [...]

Randy Sadler. Photo courtesy Weidmuller USA
May 30, 2024

Weidmuller USA hires president and CEO

Randy Sadler is the new president and CEO of Chesterfield County-based industrial connectivity and automation company Weidmuller USA, German parent company Weidmüller Group announced Thursday.   Sadler succeeds Bernd Schröder, who died unexpectedly in late 2023. Weidmüller Group creates smart industrial connectivity products[...]

A man wearing a suit stands behind a podium.
May 21, 2024

Broadband, renewable energy focuses for rural development, USDA administrator says

Rural communities can improve their economy and quality of life, Andrew Berke, administrator for the U.S. Department of Agriculture’s Rural Utilities Service, stressed during the opening of the fifth annual Investing in Rural America conference, held Tuesday at the Hotel Roanoke & Conference Center. The Federal Reserve[...]

Gov. Glenn Youngkin, with Virginia Innovation Partnership Corp. CEO Joe Benevento seated right, announced the Virginia Invests partnership at the CarMax Midtown Innovation Center in Richmond. Photo by Katherine Schulte/Virginia Business
May 20, 2024

VIPC launches $100M fund partnership for Va. startups

The Virginia Innovation Partnership Corp. is partnering with seven venture capital fund managers to invest $100 million in 100 Virginia-based startups. Through the partnership, announced Monday by Gov. Glenn Youngkin and named Virginia Invests, VIPC will commit $40 million to the seven funds using previously awarded funding from[...]

May 9, 2024

Chesterfield fintech Paymerang to be acquired for $475M

Chesterfield County-based payment and invoice automation company Paymerang has signed a definitive agreement to be acquired by Atlanta-based corporate payments processor Corpay for $475 million, according to an SEC filing by Corpay and a news release. The transaction is expected to close in the second quarter of the year, subjec[...]

May 7, 2024

Sterling drone-jamming firm to be acquired by Taser maker Axon

Dedrone, a Sterling-based maker of drone-jamming and detection devices, has reached an agreement to be acquired by Scottsdale, Arizona-based Taser manufacturer Axon Enterprise. The transaction is expected to close in the second half of 2024, the companies announced Monday, and terms of the deal were not disclosed. Dedrone’[...]

May 2, 2024

Leidos receives potential $206M NGA contract

Leidos has won a contract valued up to $206 million from the National Geospatial-Intelligence Agency, the Reston-based Fortune 500 contractor announced Wednesday. Under the single-award, indefinite-delivery, indefinite-quantity contract, dubbed Maru, Leidos will sustain and modernize geospatial processing for the NGA’s Exp[...]

A headshot of a man wearing a blazer
Apr 30, 2024

Intelsat to be acquired by SES for $3.1B

McLean-based satellite services provider Intelsat announced Tuesday that it has made a deal to be acquired by SES, a Luxembourg-based competitor, for $3.1 billion in cash.  The deal is expected to close during the second half of 2025, depending on regulatory clearances and other factors, according to a news release.  Intelsat [...]

Ruth Porat, Google and Alphabet’s president, chief investment officer and chief financial officer, announced Google's $1 billion investment in expanding its Virginia data center campuses. Photo courtesy Google.
Apr 26, 2024

Google investing $1B in Va. data center campuses

Google is investing $1 billion in expanding its Virginia data center campuses this year and is launching a $75 million Google.org AI Opportunity Fund, one of Google’s top executives and Gov. Glenn Youngkin announced Friday at Google’s Reston office. “Today is a great day. We’ve got a $1 billion investment in [...]

Photo by Randy Duchaine / Alamy Stock Photo
Apr 22, 2024

CoStar to acquire Calif. tech company in $1.6B deal

The CoStar Group, which announced in February plans to move its headquarters from Washington, D.C., to Arlington County, has reached an agreement to buy all outstanding shares of California-based Matterport, a 3D data platform, in a cash and stock deal valued at $1.6 billion. A real estate analytics and data company known for on[...]

Apr 18, 2024

L3Harris announces $41.2M Orange County expansion

Florida-based aerospace and defense contractor L3Harris Technologies announced on Thursday a $41.2 million expansion and modernization of its Aerojet Rocketdyne facility in Orange County, with plans to add 80 employees.  Over the next three years, L3Harris also plans to construct new facilities and buy new equipment for the fac[...]

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