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Torc makes interim CFO permanent
Blacksburg-based self-driving truck company Torc Robotics, a subsidiary of Daimler Truck, hired Richard Kannan as its new chief financial officer, the company announced Thursday. Kannan, who had served as interim CFO since August, will also become a member of Torc’s executive leadership team. “Richard has proven himself [...]
Alliance for Building Better Medicine receives $1M award
The Alliance for Building Better Medicine — a group of public and private pharmaceutical manufacturers and research organizations in Richmond and Petersburg — will receive a $1 million award from the U.S. National Science Foundation. Richmond-based innovation incubator Activation Capital, which convened the alliance four yea[...]
Leidos receives $158M Air Force contract
Reston-based Fortune 500 contractor Leidos won a follow-on contract valued up to $158 million to develop and expand the Air Force’s Command and Control Incident Management Emergency Response Application, a government-owned software application system, the company announced Thursday. Kessel Run, a division within the Air Forc[...]
MicroStrategy’s fortunes rise as bitcoin sets new record
Tysons-based tech company MicroStrategy, the world’s largest corporate holder of bitcoin, has been riding a recent surge in the cryptocurrency, which hit an all-time high of $69,324.58 Tuesday morning before falling off somewhat in the afternoon. As of Feb. 25, MicroStrategy and its subsidiaries held a total of 193,000 bit[...]
JLL: NoVa is still nation’s top data center market
Northern Virginia remains the country’s largest data center market, according to a report released Monday by real estate company JLL. The 581 megawatts of capacity leased by energized — or built-out — data centers in Northern Virginia for 2023 represented a new record, according to the JLL report. Data centers leased 1[...]
New president and CEO named for Herndon’s Deltek
Deltek announced Tuesday that Bob Hughes will become the Herndon-based software company’s president and CEO in April when current leader Mike Corkery moves to an operating group executive role at Roper Technologies, Deltek’s Florida-based parent company. Previously, Hughes worked as an executive at Kronos, a workforce [...]
McLean’s Iridium to purchase Satelles
McLean-based Iridium Communications, a global satellite communications company, has entered into an agreement to acquire Satelles, a Reston-based provider of satellite-based time and location services that serve as a backup for GPS and other global navigation satellite systems (GNSS), Iridium announced Monday. Satelles’ po[...]
Shentel to sell cell towers portfolio for $310.3M
Shenandoah Telecommunications (Shentel) has entered into an agreement to sell its portfolio of cellular towers and associated operations to Vertical Bridge Holdco for $310.3 million in cash, the Edinburg-based company announced Friday, a move that appears to largely transition Shentel out of the last remnants of its cellular pho[...]
Tegna expands contract with Comscore
Tysons-based Tegna, the nation’s largest owner of NBC-affiliate TV stations, has reached a multiyear deal with Reston-based Comscore, which will continue providing media metrics and audience measurement services across the broadcaster’s local TV, major affiliate and digital businesses, the companies announced Friday. Fin[...]
Virginia 500 Spotlight: ANEESH CHOPRA
FIRST JOB: Bellhop at a Ramada Inn outside of Princeton, New Jersey MOST VALUED POSSESSION: My wedding ring HOW I UNWIND FROM WORK: Playing tag with the kids in the backyard HOW I CHOSE MY CAREER: I was inspired by President Clinton to solve national problems through better use of technology. HOW I BALANCE MY […]
Old Dominion, new data
As available land for data centers in Loudoun County — home to Data Center Alley, the world’s largest concentration of data centers — has become scarcer and more expensive, the industry has expanded into other Northern Virginia localities and beyond. In Virginia, Prince William County has become the other heat map for the [...]
Charlottesville’s Astraea acquired by Fla. satellite company
Astraea, a Charlottesville-based geospatial analytics firm, has been acquired by Nuview, a Florida-based company developing a satellite imaging constellation, the companies announced Tuesday. Financial terms of the deal were not available. Founded as a for-profit benefit corporation in 2016, Astraea applies data science and artificial intelligence to analyze imaging and sensor data gathered from Earth-observing […][...]
