Sign In
Free Newsletter
SOSi invests in AppTek for AI, machine learning capabilities
Reston-based defense and government contractor SOS International LLC (SOSi) announced Thursday it has made a non-controlling investment in McLean-based software company Applications Technology (AppTek) to develop artificial intelligence and machine learning for its speech recognition and translation service offerings. A transaction amount was not disclosed. SOSi will be the exclusive reseller of AppTek products to […][...]
Calif.-based VeriToll names CEO for upcoming Reston HQ
Walnut, California-based tolling-as-a-service company VeriToll LLC announced Thursday that its new CEO is Devaki Baker, who will lead the company’s sales, product investment and partnerships from Reston. VeriToll has offices in Virginia, Indiana and California. The company’s plans to lease a new headquarters location in [...]
Virginia gets new digits
On Wednesday, the Virginia State Corporation Commission (SCC) announced that the North American Numbering Plan Administrator has assigned a new area code, 826, to relieve future exhaustion of the 540 area code, which is expected to occur in 2022. Residents and businesses in the affected region will not lose their existing 540 phone numbers under […]
Chicago company acquires Reston-based PagnatoKarp
Reston-based wealth management firm PagnatoKarp has been acquired by Chicago-based Cresset Asset Management, the companies announced Wednesday. A transaction amount was not disclosed, but with the acquisition of PagnatoKarp, Cresset now has $9.5 billion in assets under management. PagnatoKarp had $2.3 billion in assets under management prior to the acquisition. “PagnatoKarp was born during the Great […][...]
McLean-based Mars Inc. to change Uncle Ben’s rice brand
After weeks of racial inequity protests and the removals of Confederate monuments across the United States, McLean-based global food product manufacturer Mars Inc. announced Wednesday it is “evaluating all possibilities” for changing the branding on its Uncle Ben’s rice products. Uncle Ben’s has been branded with an im[...]
Global law firm opens Tysons office
Atlanta-based global law firm King & Spalding LLP will open its 22nd office in Tysons, the Fairfax County Economic Development Authority (FCEDA) announced Tuesday. Founded more than 130 years ago, King & Spalding employs more than 1,100 lawyers across 22 offices in the United States, Europe, the Middle East and Asia. T[...]
Accenture Federal Services wins $341M federal contract
Accenture Federal Services (AFS), an Arlington-based subsidiary of Irish Fortune Global 500 company Accenture, announced Monday it has been awarded a $341 million U.S. Department of Commerce (DOC) contract to consolidate its business systems and data platform. Under the contract, AFS will move the DOC’s finance, acquisition, property, and enterprise data warehouse into a commercial […]
CIT invests in Alexandria agriculture software company
State government-backed venture fund CIT GAP Funds announced Monday it has invested in Alexandria-based software developer Agrology. An investment amount was not disclosed. Agrology’s software/hardware-as-a-service platform allows farmers to deploy sensors to track environmental factors that could affect crop yields. Its technology also allows farmers to apply optimal amounts of fertilizer and irrigation to certain […][...]
Activist hedge fund buys 5.9% stake in Perspecta
New York City-based activist hedge fund Jana Partners LLC has acquired 5.9% (9.4 million shares) of the stock of Chantilly-based government contractor Perspecta, according to U.S. Securities and Exchange Commission documentation. According to a Reuters report, Jana Partners is expected to encourage Perspecta to pursue a sale or merger. Jana intends to push Perspecta stock […]
McLean analytics company acquires Md. software firm
McLean-based analytics technology company Novetta Solutions LLC announced Monday it has acquired Annapolis Junction, Maryland-based software and analytics company WaveStrike LLC. The financial details of the transaction that closed on June 10 were not disclosed. “Combining our complementary capabilities and talented teams mean stronger support for our customers,” Novetta President and CEO Tiffanny Gates said […][...]
Arlington defense contractor wins Air Force contract worth up $950M
Arlington-based aerospace and defense contractor Raytheon Intelligence and Space was awarded an Air Force contract valued up to $950 million to aid in developing a command and control network. One of the four business segments of Waltham, Massachusetts-based Raytheon Technologies Corp., Raytheon Intelligence and Space will work to develop the Advanced Battle Management System (ABMS) […]
GMU selects three finalists for $250M Institute for Digital InnovAtion
George Mason University on Monday announced three development and property management firms as finalists to build and operate its proposed $250 million Institute for Digital InnovAtion (IDIA), set to open in September 2025 on its Arlington campus. The university released a request for proposals in February, to which 105 develope[...]
