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Morgan Stanley to acquire E-Trade for $13B
New York City-based wealth management company Morgan Stanley will acquire Arlington-based E-Trade Financial Corp. under a $13 billion definitive agreement expected to close in the fourth quarter of this year, the companies announced Thursday. E-Trade stockholders will receive 1.0432 Morgan Stanley stares for each of their E-Trad[...]
Arlington machine learning developer receives $63M investment
Arlington- and Boston-based machine learning developer Carbon Relay received a $63 million investment from New York City-based venture capital and private equity firm Insight Partners, the companies announced Wednesday. Carbon Relay will use the investment to grow its Red Sky Ops platform for optimizing application performance in Kubernetes environments. Kubernetes — originally developed by Google […][...]
UiPath donates $16.4M in software licenses to GMU business school
New York City-based software developer UiPath has donated $16.4 million in software licenses to George Mason University’s School of Business for students to learn robotic process automation (RPA) technologies, the university announced Wednesday. RPA configures computer software for users to integrate human interaction actions in digital systems for business processes. With RPA, robots can capture […][...]
Virginia Values Veterans program certifies 1,000th employer
Reston-based computer software company Carahsoft Technology is the 1,000th employer to earn certification from the state government’s Virginia Values Veterans (V3) program, Gov. Ralph Northam announced Tuesday. Administered by the Department of Veterans Services, the V3 program is designed to connect Virginia veterans to t[...]
McLean defense contractor wins $248M Navy contract
McLean-based defense contractor Alion Science and Technology Corp. was awarded a $248 million Navy contract, the company announced Thursday. The contract is for the Navy Continuous Training Environment (NCTE) for architecture development. Alion will provide research, development and engineering to develop architecture for advanced warrior training at Fleet Warfighting and Training Commands. “It is imperative […][...]
NoVa tech companies selected for $159 million Air Force contract
Vienna-based information technology company MicroTechnologies LLC and Reston-based Agile Defense Inc. have been awarded a $159 million Air Force contract to provide communications support, the companies announced Thursday. The task order was awarded by the U.S. Air Forces Central Command (AFCENT) Combined Air and Space Operations Center (CAOC). “We look forward to working alongside Agile […][...]
VHDA gives Alexandria apartment complex $83M mortgage loan
The Virginia Housing Development Authority has given a nearly $83 million mortgage loan to Parkstone Alexandria, an apartment community near Amazon.com Inc.’s incoming HQ2, to support its conversion to affordable housing, Gov. Ralph Northam announced Thursday. The loan is in addition to a $5 million VHDA grant announced earlier. Last month, the Alexandria Housing Development […]
Virginia IT consulting company moves headquarters
Information technology consulting company OneGlobe LLC has moved its headquarters from Ashburn to Reston, the company announced Thursday. The headquarters merges the Ashburn and previous Reston locations. Financial terms were not disclosed. The new headquarters is located in the Parkridge Center complex at 10740 Parkridge Blvd. located directly adjacent to Interstate 66. The company was […][...]
Arlington cybersecurity firm to move headquarters to Stafford County
Arlington-based cybersecurity engineering and consulting firm GRIMM (SMFS Inc.) will invest $435,000 to establish its corporate headquarters in Stafford County, Gov. Ralph Northam announced Thursday. The expansion is expected to create 23 jobs. GRIMM provides products and services including cybersecurity tools, sensors, analytics, frameworks, automated testing and consulting. “Strong cybersecurity defenses are increasingly important[...]
Two Ashburn office buildings sell for $46.5M
Two Ashburn office buildings sold for $46.5 million, New York City-based real estate company Newmark Knight Frank announced Tuesday. The buildings at 20130 and 20135 Lakeview Center Plaza are Class A buildings and were purchased by New York City-based investment management company Innovatus Capital Partners. The buildings total [...]
Real estate firm Edge names partners for multifamily capital markets group
Rockville, Maryland-based commercial real estate firm Edge — which has an office in Tysons — named Ryan Ogden and Jared Emery as partners to found the company’s multifamily capital markets group, the firm announced Tuesday. The division will be located at the firm’s Washington, D.C. office. Ogden most recently was senior managing director at the New York […]
Spaceflight Industries sells satellite rideshare business to Japan-based companies
Seattle-based Spaceflight Industries Inc. — which has a Herndon location — has sold its satellite rideshare business Spaceflight Inc. to Tokyo-based Mitsui & Co. Ltd. and Chiba, Japan-based Yamasa Co. Ltd., the company announced Tuesday. Financial terms of the sale were not disclosed, but the parent company, Spaceflight Industries, will use the capital from the […]
