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GTT Communications to sell infrastructure division for $2.15B
McLean-based telecommunications company GTT Communications Inc., which provides high-speed internet and cloud networking services to more than 144 countries, announced Friday it will sell its infrastructure division to Miami, Florida-based I Squared Capital for $2.15 billion. Under the definitive purchase agreement, I Squared Capital would obtain GTT’s Pan-European, North American, subsea and transatlantic fiber network […][...]
Pocahontas Parkway operator launches toll payment app
Madrid-based Globalvia, which operates the Pocahontas Parkway (State Route 895) in Chesterfield and Henrico counties, has launched a new toll payment app that allows drivers to pay tolls in real time on Virginia toll roads without a prepaid pass. The Slora app is accepted on Virginia toll roads including Interstates 64, 66, 95, 395 and […]
Calif. firm buys controlling stake in Vienna home security company
Palo Alto, California-based investment firm Twin Point Capital purchased a controlling stake in Vienna-based home security company Frontpoint Security, the company announced last week. Financial terms of the transaction were not disclosed. Founded in 2007 by Chris Villar, Aaron Shumaker and Peter Rogers, Frontpoint provides home security, life safety and smart home products and services […]
BAE Systems launches cyberthreat protection suite for military vehicles, systems
Arlington-based defense contractor BAE Systems Inc. (the U.S. subsidiary of United Kingdom-based BAE Systems plc) announced Tuesday it has launched a new cyberthreat detection and mitigation product suite to help military customers protect vehicles and systems from cyberthreats. The Fox Shield suite is designed to help platforms detect, respond to and recover from cyberattacks and […]
Dulles software company to buy Texas-based firm
Dulles-based software company Unanet announced Wednesday it will acquire Austin, Texas-based customer relationship management software company Cosential. Terms of the transaction were not disclosed. Unanet provides project management software, timesheet software, expense reporting software and other human resources software to federal government contractors, architects and engineers (A/E). Cosential provides software used for business[...]
Reston contractor wins $59M USDA task order
The U.S. Department of Agriculture (USDA) awarded Reston-based AceInfo Solutions LLC (AceInfo) a $59 million task order to develop crop insurance software platforms, the company announced Wednesday. Under the task order from the USDA’s Farm Production and Conservation (FPAC) Risk Management Agency (RMA), AceInfo (a Dovel Technologies subsidiary) will provide software development services to create […][...]
Reston-based NII Holdings Inc. to dissolve
Reston-based NII Holdings Inc. announced last week it has filed a petition in a Delaware court to dissolve the company 10 months after it divested its one remaining operating unit, which sold wireless communication services under the Nextel brand to América Móvil. On Dec. 18, 2019, NII Holdings closed the $948.5 million sale of its […]
Herndon defense contractor wins $102M Navy contract
Herndon-based national security contractor Peraton announced Monday it has been awarded a $102 million follow-on contract by the U.S. Navy Strategic Systems Programs (SSP) for work on the branch’s strategic weapons systems. Under the engineering services contract, Peraton’s services will include acquisition, development, deployment and operational support of the reentry body aspects of the Navy’s […][...]
Reston government contractor to buy Alexandria tech company
Reston-based government IT contractor Xenith Solutions LLC announced Thursday it will acquire Alexandria-based tech company TRI-COR Industries (TCI). Terms of the transaction were not disclosed. Founded in 1983 by Louis Gonzalez, TCI provides large-scale, enterprise agile tech services to federal and local governments. Xenith Solutions is a service-disabled veteran-owned small business that provides both consulting […][...]
Reston health care tech company names CTO
Reston-based health care technology company careMESH on Thursday announced that Gustavo Bonany has been hired as chief technology officer. With more than 20 years of experience, Bonany was most recently senior vice president of research and development for health care tech company Voxiva. In his new role, he will oversee devel[...]
Md.-based tech company opens NoVa lab
Greenbelt, Maryland-based tech company Paradyme Management Inc. announced Wednesday it has established an IT lab, Paradyme Labs, in Tysons. The lab will serve as a hub for team and customer collaboration and as an operations space for recruiting, training, sales and engineering. The expansion allows for more space for Paradyme, which has nearly doubled the […]
Reston cybersecurity company announces leadership changes
A day after selling its Cyveillance business unit to Baltimore-based cybersecurity firm ZeroFOX, Reston-based LookingGlass Cyber Solutions Inc. announced Wednesday that its chairman of the board, Gilman Louie, has been named CEO. Louie is also a partner at San Francisco-based venture capital firm Alsop Louie Partners, which has [...]
