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Perspecta CEO Mac Curtis retiring; Peraton CEO Stu Shea taking reins
Mac Curtis, the president, chairman and CEO of Chantilly-based federal IT contractor Perspecta Inc., plans to retire this year and will be replaced by the head of Peraton Inc., the Herndon-based national security contractor that is acquiring Perspecta, according to documents filed with the U.S. Securities and Exchange Commission[...]
NYC-based software company acquires Arlington Salesforce developer
New York City-based software company Togetherwork announced Wednesday it has acquired Arlington-based Salesforce developer Fonteva. Financial terms of the transaction were not disclosed. Under the acquisition, Fonteva will operate as a business unit within Togetherwork and be led by Fonteva Chief Revenue Officer Pat McGlynn, who has been named president of Fonteva. The majority of […]
Texas education, training content developer will relocate HQ to Richmond
Education and training content developer Vytal Studios will invest $6.8 million to move its corporate headquarters from Austin, Texas, to Richmond, creating 155 jobs, Gov. Ralph Northam announced Tuesday. The company will renovate the facility at 1802 Semmes Ave. to include studio space for filming content and office space for development and post-production functions. “With […]
SAIC wins $830M Army contract
The U.S. Army awarded Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) an $830 million contract to provide engineering services for the branch’s Combat Capabilities Development Command, Aviation & Missile Center (DEVCOM AvMC), the company announced Tuesday. Under the potential five-and-a-half-year contract, SAIC will provide hardware in-the-loop (HWIL) aviation systems engineering service[...]
MicroStrategy stock jumps 29% after Tesla bitcoin purchase
Following Tesla’s announcement that it had purchased $1.5 billion in bitcoin, Tysons-based business software company MicroStrategy Inc. — which has converted hundreds of millions in holdings to bitcoin now worth more than $3 billion — saw its stock price jump by 29% on Monday. By Monday at 4 p.m., the Nasdaq reported that MicroStrategy’s stock […]
Calif.-based contractor buys Herndon spacecraft developer
San Diego-based energy and defense contractor General Atomics announced last week it has acquired Herndon-based spacecraft and space system developer Tiger Innovations Inc. Financial terms of the transaction were not disclosed, but Tiger Innovations will become part of General Atomics’ electromagnetic systems (GA-EMS) group. Founded in 1997, Tiger Innovations develops specialty software, hardware and computer […][...]
ODU professors receive nearly $1M for cybersecurity research projects
Five Old Dominion University professors have been awarded nearly $1 million in Coastal Virginia Center for Cyber Innovation (COVA CCI) funding for several cybersecurity research projects, the university announced Monday. Hongyi Wu, Chunsheng Xin, Sachin Shetty, Rafael Diaz and Kevin Moberly are the principal investigators working on the six projects. COVA CCI is led by […]
Herndon tech company names COO, sales VP
Herndon-based cloud service provider ViON Corp. announced Wednesday it has promoted Rob Davies to chief operations officer and David Kushner to senior vice president of sales. Davies joined the company in 2014 and served as the vice president in charge of all cloud and as-a-service contracts and programs for the company. “Rob�[...]
Peraton announces business sectors, leadership appointments
On the heels of major acquisitions, Herndon-based national security contractor Peraton is dividing the company into four business sectors and has made a slate of leadership appointments. A subsidiary of New York-based private equity firm Veritas Capital, Peraton announced in January it is acquiring Chantilly-based federal contractor Perspecta Inc. for $7.1 billion. And on Feb. […]
Sterling company wins $80M trademark office contract
The U.S. Patent and Trademark Office (USPTO) Office of Trademarks awarded Sterling-based government contractor REI Systems an $80 million contract to support application development and modernization for approximately 20 mission-critical systems, the company announced Tuesday. Under the contract, REI will work on the Trademark Product Line applications, which includes a series of systems and applications […][...]
McLean-based NuWave merges with Md. firm to form AI company
McLean-based federal technology contractor NuWave Solutions LLC and Columbia, Maryland-based PCI Strategic Management announced Tuesday the companies have merged to form BigBear.ai. NuWave CEO Reggie Brothers will become CEO of BigBear.ai and Sean Battle, former co-founder and CEO of PCI, will serve as vice chairman and chief strategy officer. Financial terms of the merger were […]
Information systems developer to add 296 jobs in Fairfax County
Information systems developer Kreative Technologies LLC will invest $1.5 million to quadruple its current Fairfax County workforce, adding 296 jobs, Gov. Ralph Northam announced Tuesday. The company currently employs 67 people at its 4114 Legato Road location in Fairfax County. Kreative Technologies provides information systems design, development, integration and sustainment for the federal health care […][...]
