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MicroStrategy raises $650M to be invested in bitcoin
Tysons-based business software company MicroStrategy Inc. announced Friday it closed a convertible debt offering by raising $650 million, which it plans to use to increase its bitcoin holdings. MicroStrategy estimates the net proceeds from the notes sale will be approximately $634.9 million, which it will invest in bitcoin, according to a company statement. The initial […]
Virginia leads nation in COVID-19 app use
Amid grim headlines related to the coronavirus, Virginia has one piece of bright news — the commonwealth leads the nation in the percentage of citizens who have downloaded a COVID-19 app to alert users about possible instances of exposure to the coronavirus. According to a Dec. 7 report from The New York Times, a higher [&hell[...]
CACI receives $160M Air Force network operations support task order
Arlington-based federal technology contractor CACI International has secured a potential $160 million task order to provide information technology support for U.S. Air Forces Central Command’s Network Operations and Security Center (AFCENT NOSC). On Thursday, CACI said it will offer networking, cyber, help desk and technic[...]
Northrop Grumman books $73M Air Force contract to update missile tech
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. has received a $73.2 million delivery order from the U.S. Air Force to incorporate new capabilities into a remote visual assessment tool in support of the Minuteman III missile’s production and deployment. The company will modify the Remote Visual Assessment II program to enable […]
Spotify completes $235M acquisition of Reston-based Megaphone
Music streaming giant Spotify Technology SA has completed the acquisition of Arlington-based media and education conglomerate Graham Holdings Co.’s podcast technology company, Megaphone, for $235 million, the company announced Tuesday. The acquisition was first announced Nov. 10. Founded in 2015, Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners, […][...]
Leidos to acquire 1901 Group for $215M
Reston-based Fortune 500 government contractor Leidos Holdings Inc. announced Thursday it will acquire Reston-based information technology services company 1901 Group for $215 million. “We are pleased to welcome 1901 Group’s team of digital transformation experts who share Leidos’ commitment to making the world safer, healthier and more efficient through IT,” Leidos Chairman and CEO Roger […][...]
Arlington tech consultant names CTO, CGO
Arlington-based technology consulting company Definitive Logic has named Michael Conlin as chief technology officer and Ryan Elliott as chief growth officer. With more than 20 years of experience, Conlin was the first chief data officer for the U.S. Department of Defense. In his new role, he will focus on data analytics and ar[...]
Northrop Grumman CEO Kathy Warden to chair Aerospace Industries Association board
The Aerospace Industries Association (AIA) announced Tuesday it has named Northrop Grumman Chairman, President and CEO Kathy Warden to serve as the chair of the AIA’s board of governors for 2021. Mike Petters, president and CEO of Newport News-based Huntington Ingalls Industries, will serve as vice chairman. Since 1919, th[...]
PAE lands $98M Air Force contract
Falls Church-based defense and government services contractor Pacific Architects and Engineers (PAE) announced Thursday it has been awarded a $98 million contract from the U.S. Air Forces in Europe and Africa (USAFE-AFAFRICA) to provide electronic warfare operations training and infrastructure maintenance support. Task orders under the contract are projected to be performed in the United […][...]
eHealth Technologies creating 160 jobs in Scott County
eHealth Technologies Inc., a provider of medical record and image retrieval and clinical intelligence services, is investing $375,000 to establish a customer support center in Scott County that will create 160 jobs, Virginia Gov. Ralph Northam announced Thursday. Based in Rochester, New York, eHealth Technologies is a wholly owned subsidiary of Fairfax County-based private equity […]
MicroStrategy to increase bitcoin holdings by $550M
Tysons-based business software company MicroStrategy Inc. announced Wednesday that it will increase its bitcoin holdings by as much as $550 million following a convertible debt offering. In August, the company had announced that it had converted $250 million from its cash holdings into more than 21,000 bitcoins, making it one of the first public companies […]
Reston-based company names Tish Long to board of directors
Reston-based Applied Information Services (AIS) announced Tuesday it has named former National Geospatial-Intelligence Agency (NGA) Director Letitia “Tish” Long to the company’s board of directors. “Tish’s impact in the defense and intelligence community is unmatched,” AIS President and CEO Larry Katzman sa[...]
