Please ensure Javascript is enabled for purposes of website accessibility

Technology

Feb 8, 2021

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 […]

Feb 8, 2021

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 […][...]

Feb 8, 2021

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 […]

Rob Davies (left) and David Kushner
Feb 4, 2021

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&[...]

Feb 4, 2021

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. […]

Feb 3, 2021

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 […][...]

Feb 2, 2021

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 […]

Feb 2, 2021

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 […][...]

Jeff Bezos. Photo courtesy Amazon
Feb 2, 2021

Amazon founder Jeff Bezos to step down as CEO in Q3

Amazon.com Inc. announced Tuesday that Jeff Bezos, who founded the e-commerce company in 1994, will step down as CEO and transition to the role of executive chair in the third quarter of 2021. Amazon Web Services CEO Andy Jassy will succeed Bezos. “Amazon is what it is because of invention,” Bezos said in a statement. [&hell[...]

A rendering of The Helix. Photo courtesy Amazon
Feb 2, 2021

Amazon reveals Arlington HQ2’s ‘Helix’ centerpiece

Despite lingering questions around when or how remote workers may return to office life following the pandemic, Amazon.com Inc. on Tuesday released fresh plans for the second phase of its $2.5 billion East Coast HQ2 headquarters in Arlington’s National Landing area, where it is gearing up to employ 25,000 people during the[...]

Feb 2, 2021

McLean tech contractor acquires Fairfax firm

McLean-based tech contractor IntelliBridge Inc. announced Monday it has acquired Fairfax-based tech company Alethix LLC. Financial terms of the transaction were not disclosed, but the acquisition will add DevSecOps and cloud services to IntelliBridge (which is backed by Enlightenment Capital), and also expand its clientele to include homeland security, federal-civilian and defense agencies. Founded in […][...]

Feb 1, 2021

DXC Technology says ‘non, merci’ to French company’s purchase bid

Three weeks after receiving an unsolicited and nonbinding offer to purchase all of its shares, Tysons-based Fortune 500 IT services company DXC Technology‘s board has turned down the proposal from Paris-based IT company Atos SE, DXC announced Monday. According to DXC’s statement Monday night, its board determined Atos’ offer was too low and lacked certainty, […]

YOUR NEWS.
YOUR INBOX.
DAILY.

By subscribing you agree to our Privacy Policy.