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MainStreet Bancshares names business banking division head
Fairfax-based MainStreet Bancshares Inc. (parent company of MainStreet Bank) announced Wednesday that Thomas Cary has been promoted to lead MainStreet Bank’s business banking division. Cary has been with MainStreet Bank as a business banker for 10 years. While earning his bachelor’s degree in finance from George Maso[...]
Manassas electronics manufacturer buys N.Y. company
Manassas-based radio frequency (RF) and microwave product manufacturer Mu-Del Electronics LLC (an Ironwave Technologies company) announced Tuesday it has acquired Floral Park, New York-based RF product manufacturing company Luff Research. A transaction amount was not disclosed. “With this acquisition, Mu-Del will be able to enhance Luff’s manufacturing quality and volume, thus offering superior products to […][...]
Ariz. company acquires Oakton risk management firm
Oakton-based risk management firm TalaTek LLC announced Tuesday it has been acquired by Arizona-based cybersecurity company Cerberus Cyber Sentinel. A transaction amount was not disclosed. Talatek will remain based in Northern Virginia. Founded in 2006, Talatek provides risk management, security and compliance services that help companies to meet Health Insurance Portability and Accountability Act (HIPPA), […][...]
Calif.-based cybersecurity firm buys Herndon cloud security company
Sunnyvale, California-based publicly traded cybersecurity company Fortinet announced Tuesday it has acquired Herndon-based cloud security company OPAQ Networks. A transaction amount was not disclosed. OPAQ Networks is a venture-backed company that raised $22.5 million in Series B financing in 2018, led by Greenspring Associates. Columbia Capital and Harmony Partners also provided financing. Fortinet made the […][...]
Navy Federal Financial Group names chief operating officer
Navy Federal Financial Group, a wholly-owned subsidiary of Vienna-based Navy Federal Credit Union, announced Tuesday it has hired Diane Young as chief operating officer. She joins the group following the retirement of Patricia Wood, who had served in the role since 2015. Young most recently was a vice president for Goldman Sac[...]
DXC Technology sells health care software business for $525M
Tysons-based Fortune 500 company DXC Technology announced Tuesday it would sell its health care software provider business to privately held Italian company Dedalus Group for $525 million in cash. The DXC software is used for hospital information systems, primary and social care, integrated care and diagnostics. “The sale of our health care provider software business […]
3Pillar Global Inc. names chief delivery officer
Fairfax-based product lifecycle management company 3Pillar Global Inc. announced Tuesday that David Sawatzky has become the company’s first chief delivery officer. 3Pillar created the role as part of its new growth phase following an early 2020 investment from New York City-based CIP Capital Fund Management LLC, according [...]
NCI names chief operating officer
Reston-based federal contractor NCI Information Systems Inc. announced Tuesday that Chuck Hicks has been promoted to chief operating officer in addition to holding his current position as chief financial officer. Hicks joined the company in 2019 and has been serving as acting COO since March. In his combined role, he will focu[...]
E-Trade stockholders approve $13B acquisition by Morgan Stanley
Arlington-based online brokerage E-Trade Financial Corp. announced that on Monday more than 99% of its stockholders approved its $13 billion acquisition by Morgan Stanley, which was first announced in February. E-Trade stockholders will receive 1.0432 Morgan Stanley shares for each of their E-Trade shares as a result of the acquisition. The deal is expected to […]
LMI names president, CEO
Tysons-based government and defense consultancy LMI announced Monday that Doug Wagoner has joined the company as its president and CEO, effective Aug. 3. Wagoner was most recently the sector president at Reston-based Fortune 500 company Science Applications International Corp. (SAIC). He oversaw SAIC’s operations and its[...]
Freddie Mac names VP multifamily investments, portfolio management
Tysons-based Freddie Mac announced Monday that Ling Xu has been promoted as the Fortune 500 company’s vice president of multifamily investments and portfolio management. In her new role, she will oversee market risk and capital strategy, as well as manage multifamily portfolio strategy, hedging and balance sheet management[...]
Navy Federal ranked No. 4 U.S. brand for customer experience
Big Four accounting firm KPMG announced Monday it has named the Vienna-based Navy Federal Credit Union No. 4 on its annual list of top 10 U.S. brands for customer experience excellence. The KPMG U.S. Customer Experience Excellence report identifies top-performing brands and industries in terms of customer experience based on a survey of approximately 11,000 […]
