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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 […][...]
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[...]
Carlyle Group buys two Va. tech companies; forms Two Six Technologies
An affiliate of Washington, D.C.-based global investment firm The Carlyle Group has acquired Virginia tech companies IST Research and Two Six Labs to form Two Six Technologies Inc., which will provide tech services to the intelligence community, the Department of Defense and other national security customers. Financial terms of the acquisitions were not disclosed, but […]
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 […][...]
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, […]
Dovel Technologies executive chairman to retire
McLean-based federal contractor Dovel Technologies announced Monday that Paul Leslie will retire as executive chairman and Sudhakar Kesavan will join the company as chairman of the board in March. Leslie served as Dovel’s CEO for more than eight years, during which the company focused on the federal health and civilian mar[...]
Gannett to refinance $1.05B in debt
McLean-based Gannett Co. Inc., the largest newspaper publisher in the U.S., announced Monday it will refinance $1.05 billion in debt to lower its interest rates and extend maturity on outstanding debt. Gannett, which has struggled financially during the pandemic, in November 2020 announced it had refinanced approximately $500 million in debt to more quickly repay […]
Peraton closes on $3.4B cash purchase of Northrop Grumman biz
Falls Church-based Fortune 500 aerospace and defense contractor Northrop Grumman Corp. announced Monday the closure of the sale of its federal IT and mission support services business for $3.4 billion in cash to Herndon-based national security contractor Peraton, a Veritas Capital affiliate. According to the December 2020 announcement about the sale, proceeds are expected to […]
Co-working space opens in National Landing
A 39,000-square-foot Hana co-working space in National Landing — the stomping grounds of Amazon.com Inc.’s new East Coast headquarters, HQ2 — has opened, the CBRE Group subsidiary announced Friday. The building, located at 2451 Crystal Drive in Arlington, includes private office suites, conference and event space and c[...]
A healthy balance
For Ashburn-based IT company Sriven Technologies LLC, an emphasis on work-life balance and leading a healthy lifestyle, as well as a strong benefits packages creates a stress-free place for employees to focus on their careers, CEO Raj Kilaru says. And that makes it a place where people want to stay. Founded in 2009, Sriven Techn[...]
Commercial leases take a more generous turn
As Northern Virginia has been hit hard by rising office vacancies during the pandemic, companies there are increasingly seeking more generous lease terms and benefits. “There has been a shift toward short-term renewals of existing leases,” says David Ritchey, executive vice president of JBG Smith Properties, a real estate in[...]
Reston tech company names chief growth officer
Reston-based tech company TekSynap announced last week it has hired Pete Brady as chief growth officer. With more than 35 years of experience in military operations, growth, business development and technology, he was most recently the chief growth officer with BlueWater Federal, which was acquired by Tetra Tech. Brady served in[...]
