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Falls Church health IT company acquires Vienna tech firm
Falls Church-based health information technology company Cognosante LLC has acquired Vienna-based tech company Enterprise Information Services LLC (EIS). Financial terms of the transaction were not disclosed. Cognosante plans to use the acquisition to expand its federal contracting market. “EIS’ proven success in enterprise services, biometrics and cybersecurity provides expanded capabilities to offer to our existing […[...]
Goldman Sachs to acquire McLean financial firm
McLean-based online financial services company Folio Financial Inc. announced Tuesday it will be acquired by New York City-based The Goldman Sachs Group Inc. Both companies provide investment management, asset management and brokerage services. Financial terms of the transaction were not disclosed. Acquisition discussions began in 2019, and the transaction is expected to close by the […]
Booz Allen wins $800M AI defense contract
Tysons-based federal contractor Booz Allen Hamilton announced Tuesday it has won an $800 million, five-year contract from the U.S. General Services Administration to create artificial intelligence products for warfighting operations supporting the Department of Defense’s Joint Warfighter National Mission Initiative. Booz Allen will embed AI decision-making and analysis at all tiers of DoD operations. As […][...]
Reopening weekend largely positive for restaurants
Reopening weekend was largely positive for restaurants and other businesses in Virginia localities that entered Phase One of Gov. Northam’s Forward Virginia plan on Friday. “It was actually very busy,” said Brad Smith, general manager of Quaker Steak & Lube on Bristol’s State Street. “We were bu[...]
McAuliffe joins advisory board of Herndon’s HawkEye 360
Herndon-based satellite company HawkEye 360 Inc. announced Monday that former Virginia Gov. Terry McAuliffe and former National Security Agency Deputy Director Chris Inglis have joined its advisory board. The company also announced earlier this month that David Farnsworth was named its chief financial officer. “HawkEye 360 i[...]
SAIC names executive VP, strategic growth officer
Reston-based defense contractor Science Applications International Corp. (SAIC) announced Monday it has named Dorothy “Dee Dee” Helfenstein as its executive vice president and chief strategic growth officer — a newly created position at the company. Helfenstein most recently was the executive vice president at McLean-bas[...]
McLean satellite operator Intelsat files for bankruptcy
McLean-based satellite operator Intelsat Corp. announced Friday it has filed for Chapter 11 bankruptcy protection, as it faces a $15 billion debt burden. “Our success has come despite being burdened in recent years by substantial legacy debt,” Intelsat CEO Stephen Spengler said in a statement. “Now is the time to change that.” Intelsat said in […]
Falls Church consulting firm names COO
Falls Church-based management consulting firm Cathexis announced Friday it has promoted Halleh Seyson to executive vice president and chief executive officer. Seyson joined the company in Oct. 2019 as senior vice president. She was previously the group vice president at Social & Scientific Systems where she led health policy, data analytics and technology business. Before […]
Pandemic market is still a seller’s market, NoVa Realtors say
Some things never change. The limited number of available homes for sale and increased buyer demand in Northern Virginia has allowed the strong sellers’ market to continue, according to the Northern Virginia Association of Relators. NVAR covers Fairfax and Arlington counties, Alexandria, Fairfax and Falls Church and the towns of Vienna, Herndon and Clifton. “While […]
Graham Holdings Co. acquires custom framing company
Arlington-based media and education conglomerate Graham Holdings Co. announced Friday it has acquired Washington, D.C.-based custom framing company Framebridge Inc. Financial terms of the transaction were not disclosed. Graham Holdings Co. is the family company of the late Katharine Graham, who was the publisher and owner of The Washington Post. Its current holdings include online […]
Center for Innovative Technology campus sells for $47.35M
The Center for Innovative Technology (CIT) office building complex in Herndon has sold for $47.35 million, Gov. Ralph Northam announced Thursday. The Virginia Department of General Services (DGS) sold the property Thursday to affiliates of Chicago-based Origami Capital Partners LLC and Timberline Real Estate Partners in a tran[...]
Greater Washington Partnership names CEO
The Greater Washington Partnership (GWP) announced Wednesday that JB Holston will become the organization’s CEO in September. Founded in 2017, GWP is an alliance of 27 CEOs and business leaders in the region that focuses on economic development for the greater Washington region, including parts of Northern Virginia, Richmo[...]
