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Technology

Mar 2, 2021

Tysons analytics firm Qomplx plans to go public

Tysons-based risk analytics firm Qomplx Inc. announced Monday its plan to go public through a merger agreement with Tailwind Acquisition Corp., a special purpose acquisition company backed by Philip Krim, co-founder and CEO of online mattress retailer Casper Sleep Inc.  The deal values Qomplx, which will be listed on the New York Stock Exchange under […]

Will Payne, director of InvestSWVA and managing partner of Coalfield Strategie, says Southwest Virginia’s solar and geothermal assets make it a good fit for data centers.
Mar 2, 2021

SW Va. aims to attract data centers via regional tax pact

As part of an effort to entice data centers to locate in the region, Southwest Virginia leaders announced Tuesday a joint agreement to set what will be Virginia’s lowest regional property tax rate on data center equipment. The localities comprising the Lonesome Pine Regional Industrial Facilities Authority — Dickenson, Lee, [...]

Mar 1, 2021

Altamira Technologies names new CEO

McLean-based Altamira Technologies Corp. announced Friday it has hired Jane Chappell as its new CEO.  Chappell most recently worked for Raytheon Corp. as vice president of its global intelligence solutions mission area of its intelligence, information and services business. She succeeds retiring Altamira CEO Ted Davies. “Jane[...]

Mar 1, 2021

Leonardo DRS files IPO registration

The Italian federal defense contractor Leonardo announced Friday it has filed a registration statement with the Securities and Exchange Commission for an planned initial public offering (IPO) of its U.S. subsidiary, Arlington-based Leonardo DRS. The $2.54 billion IPO could take place in March, according to reports from Reuters. Leonardo did not release the official amount […]

Mar 1, 2021

Three Va. companies land spots on $4.45B Air Force contract

The U.S. Air Force has awarded positions on a potential 10-year, $4.45 billion contract to three Virginia-based companies, the U.S. Department of Defense announced Friday. Reston-based General Dynamics Corp., Herndon-based ManTech and Falls Church-based Northrop Grumman Corp. were awarded spots on the contract to provide security services under DOD’s Special Access Program. Under the contract, […][...]

Virginia State Capitol. Photo by Conor Lobb, VCU Capital News Service
Mar 1, 2021

UPDATED: Va. becomes 2nd state with consumer data protection law

Updated March 2: Gov. Ralph Northam signed the Consumer Data Protection Act on Tuesday. In a statement, sponsor Sen. David Marsden, D-Fairfax, said, “This is a huge step forward. By creating this omnibus bill, we take the lead in data privacy in the United States. This omnibus bill is clear, concise and holds companies accoun[...]

Microsoft announced in May 2020 that it would invest $64 million in a software development and R&D hub at Reston Town Center, creating 1,500 jobs. Photo rendering courtesy Microsoft Corp.
Feb 28, 2021

A bright spot

The coronavirus pandemic divided Loudoun County into two worlds in 2020 — tech and touch, says Buddy Rizer, the county’s executive director for economic development. While the pandemic devastated in-person “touch” businesses such as restaurants, shops and service providers, Northern Virginia’s tech-related companies co[...]

Feb 25, 2021

Legislation hopes to expand broadband access for low-income students

RICHMOND, Va. — The Virginia General Assembly passed legislation in an effort to expand broadband internet access to low-income students across the commonwealth. Senate Bill 1225, proposed by Sen. Jennifer Boysko, D-Fairfax, authorizes school boards to appropriate funds to partner with private companies for the purpose of implementing and subsidizing broadband internet access for low-income […][...]

Kevin Worley. Photo courtesy Pyramid Systems
Feb 25, 2021

Fairfax tech company names chief technology officer

Fairfax-based tech company Pyramid Systems announced Wednesday it has hired Kevin Worley as chief technology officer and head of technology operations. With more than 20 years of technology experience, Worley most recently served as vice president of solutions for digital transformation for Reston-based defense contractor Scienc[...]

Feb 25, 2021

Calif. company buys Progeny Systems division for $30M

Simi Valley, California-based unmanned aircraft systems (UAS) company AeroVironment announced Wednesday it has acquired Manassas-based Progeny Systems Corp.’s Intelligent Systems Group (ISG) for $30 million in an all-cash transaction. ISG develops artificial intelligence-enabled computer vision, machine learning and perceptive autonomy technologies for the Department of Defense and intelligence community. The company reported more tha[...]

Feb 25, 2021

Charlottesville construction software company acquired by Neb. firm

Omaha, Nebraska-based construction management software company Buildertrend announced Wednesday it has acquired Charlottesville-based CoConstruct, a similar software company. Financial terms of the transaction were not disclosed, but the two businesses in 2020 served a combined 23,000 clients and more than 1.1 million users, representing more than $200 billion in annual construction projects. The transaction creates […][...]

Feb 24, 2021

NetImpact Strategies names new CEO

Falls Church-based federal contractor NetImpact Strategies Inc. has named former Unisys Federal President Venkatapathi “PV” Puvvada as its CEO, the company announced Tuesday. Puvvada will succeed NetImpact founder Kavita Kalatur, who will remain chairperson, providing oversight and supporting NetImpact’s strategic initiatives. “PV brings the experience, capabilities and relationships critical to our next era. I have […][...]

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