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Fl.-based private equity firm acquires Alexandria software company
Boca Raton, Florida-based private equity firm AE Industrial Partners LP announced late last week it had acquired Alexandria-based software company Linkware LLC and security and travel consulting firm Pangiam. Financial terms of the acquisitions were not disclosed. AEI will combine Linkware with Pangiam to form a travel solutions technology platform. The combined entity will operate […]
Gannett division acquired by Silicon Valley CRM developer
Silicon Valley-based customer relationship management developer SugarCRM announced late last week it had acquired New Jersey-based W-Systems, a division of McLean-based Gannett Co. Inc.’s UpCurve, which it acquired in 2019. Financial terms of the deal were not disclosed. Under the acquisition, SugarCRM will expand its implementation services for its artificial intelligence-powered sales, marketing and service […][...]
Spotify acquires Graham Holdings Co. business, Megaphone, for $235M
Music streaming giant Spotify Technology SA will acquire Arlington-based media and education conglomerate Graham Holdings Co.’s podcast technology company Megaphone for $235 million, the company announced Tuesday. Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners, according to Graham Holdings Co., the family company of the late Katharine Graham, […][...]
Reston telecom company taps comms market president
Reston-based telecommunications infrastructure company Transaction Network Services (TNS) announced Tuesday that Bill Versen has been promoted as president of the communications market. Versen joined TNS in 2018 as the company’s chief product officer. In his new role, he will oversee sales and go-to-market strategy. He wil[...]
McLean health tech firm names senior VP, corporate strategy
McLean-based health information technology provider CNSI announced Monday it has hired Verlon Johnson as senior vice president of corporate strategy. Johnson was most recently the vice president of health care policy and program management for IBM Watson Health’s Government Health and Human Services business group. In he[...]
Peraton lands $950M Air Force contract
The U.S. Air Force awarded Herndon-based national security contractor Peraton a $950 million contract to provide services in support of the branch’s Advanced Battle Management System (ABMS), a component of the Department of Defense‘s Joint All Domain Command and Control (JADC2) effort, the company announced Monday. Under the contract, Peraton will provide services including open […][...]
Commercial building in Fairfax sells for $1.8M
A three-story mixed-use commercial building in Fairfax sold for $1.8 million, Norfolk-based S.L. Nusbaum Realty Co. announced this week. Located at 3950 Chain Bridge Road, The Moore-McCandlish House is a 6,550-square-foot historical building constructed in 1840. The property, which sits on 0.48 acres, was 96% leased at the tim[...]
BBB National Programs opens new HQ office in Tysons
Nonprofit BBB National Programs announced Friday the opening of its new 15,300-square-foot headquarters in Tysons. Located at 1676 International Drive, the location will allow for an operations expansion and allow BBB National Programs to grow its portfolio of self-regulation and dispute resolution programs, according to an or[...]
General Dynamics lands $9B+ contract modification
The U.S. Navy on Thursday awarded the Electric Boat subsidiary of Reston-based Fortune 100 defense contractor General Dynamics Corp. a $9.474 billion contract modification to build and test the first two Columbia-class intercontinental ballistic missile submarines — the largest ever built by the United States — and provide r[...]
BAE Systems announces $100M investment in Iowa facility
Arlington-based defense contractor BAE Systems Inc. announced Thursday it is investing more than $100 million to construct a facility in Cedar Rapids, Iowa, for its newly acquired navigation and sensor systems business, which makes mission-critical military GPS products. “Our world-class military GPS business is built on the r[...]
SAIC names executive VP, CFO
Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) announced Thursday it has hired Prabu Natarajan as executive vice president and chief financial officer, effective Jan. 4, 2021. Natarajan most recently worked with Falls Church-based Fortune 100 defense contractor Northrop Grumman Corp. [...]
Cincinnati consulting firm buys McLean tech contractor
Cincinnati-based engineering, consulting and technical services company Belcan LLC announced late last week it has acquired McLean-based tech contractor Telesis Corp. Financial terms of the acquisition were not disclosed. This marks Belcan’s 15th acquisition under its ownership by AE Industrial Partners LP, a private equity firm that specializes in aerospace, defense and government services, power […][...]
