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SEC charges Herndon-based tech company, CEO with fraud
The Securities and Exchange Commission announced charges Thursday against Herndon-based Kelvin Boon LLC/Boon.Tech and its CEO, Rajesh Pavithran, for fraud and registration violations in connection with a $5 million initial coin offering of digital asset securities. Without admitting or denying the SEC‘s findings, Pavithran and his company agreed to settle the charges by consenting to […][...]
3Pillar buys Costa Rica-based software company
Fairfax-based product lifecycle management company 3Pillar Global Inc. announced Thursday it has acquired Costa Rica-based software development company Isthmus Software. A transaction amount was not disclosed. “The acquisition of Isthmus brings expanded engineering excellence and development expertise to the 3Pillar team, but more, their leadership and team members share our strong core set of values […][...]
Va. initial jobless claims dropped 46% last week
Initial unemployment claims in Virginia fell by 46% last week, according to a Thursday release from the Virginia Employment Commission. More than 13,000 Virginians filed initial jobless claims last week — a decrease of more than 10,000 claims from the previous week, according to a VEC statement released Thursday. For the first time since the […]
Blue Ridge, Bay Banks announce merger
Charlottesville-based Blue Ridge Bankshares Inc., the parent holding company of Blue Ridge Bank, announced Thursday it will merge with Richmond-based Bay Banks of Virginia Inc., parent holding company of Virginia Commonwealth Bank, in an all-stock transaction to create a bank with pro forma total market capitalization of nearly $200 million. Under the terms of the […]
Perspecta names VP, campaign manager
Chantilly-based federal contractor Perspecta Inc. announced Tuesday it has hired Michael Londregan as vice president and campaign manager. Londregan has more than 30 years of experience working in the federal government and most recently served as the director of corporate communications for the Defense Intelligence Agency, wher[...]
Dominion Energy directs $1M to help small businesses, residents pay energy bills
Virginia small businesses and residential customers can receive additional support to pay their energy bills through Richmond-based Dominion Energy Inc.’s EnergyShare program, the company announced Thursday. Small businesses, nonprofit organizations and houses of worship can receive up to $1,000 to go toward unpaid Dominion Energy Virginia electric bills that have accrued during the pandemic. Due […][...]
Herndon company wins $27.8M Army contract
The U.S. Army awarded Herndon-based technology and management company Serco Inc. (a subsidiary of United Kingdom-based Serco Group plc) a $27.8 million contract to provide civilian talent management, the company announced Tuesday. Through the contract, Serco will provide analytic, management and advisory services for the Army’s civilian workforce and provide talent management architecture for the […][...]
Sentara Healthcare to merge with N.C. health system
Norfolk-based Sentara Healthcare announced Wednesday it has signed a letter of intent to combine organizations with Greensboro, North Carolina-based Cone Health. Transaction details were not disclosed. Sentara President and CEO Howard P. Kern will oversee the combined organization, which will have about $11.5 billion in combined revenue. The corporate headquarters of each organization will remain […][...]
Washington Football Team to play 2020 home games without fans
Starting with its Sept. 13 season opener versus the Philadelphia Eagles, the Washington Football Team will play its 2020 season home games at FedExField without spectators due to the coronavirus pandemic, the Ashburn-based team announced Wednesday. The NFL team formerly known as the Washington Redskins said it had developed “a comprehensive health and safety plan” […]
Wythe County lumber company announces $2.4M expansion
Gov. Ralph Northam announced Wednesday that Wythe County-based Musser Lumber Co. Inc. will invest $2.4 million to expand its operations and increase 12 jobs — which, during the next three years, will lead to more than $8.5 million in forest product purchases. “Musser Lumber’s continued growth and success in Wythe County is a testament to […]
Two Va. companies included in $165.1M Army, Navy contract
Two Virginia-based companies were awarded parts of a $165.1 million contract to provide program management and technical services for the U.S. Army and Navy’s assault craft, submarines and surface ships. A total of five companies will work on the contract. Virginia Beach-based QED Systems Inc. was awarded $30.4 million and Arlington-based Gibbs & Cox was […]
More than 10% of Va. students don’t have broadband access at home
While Virginia school districts and higher education institutions are finalizing fall plans in light of the pandemic, an analysis released Wednesday by the State Council on Higher Education for Virginia (SCHEV) shows that more than 200,000 K-12 students and more than 60,000 college students in Virginia lack broadband access at h[...]
