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Arlington’s Sage Management acquired by S.C. firm
Sage Management, an Arlington-based telecommunications software company, has been acquired by Charleston, South Carolina-based SIB Fixed Cost Reduction, SIB parent company O2 Investment Partners announced Tuesday. Financial details of the transaction were not disclosed. “Sage introduces a new adjacency that transforms SIB’s telecom cost-reduction capabilities,” SIB CEO Kevin Flounders said in a statement. “The company [&[...]
Mary Baldwin University appoints first chief diversity officer
The Rev. Andrea Cornett-Scott has been named Mary Baldwin University’s first chief diversity officer, effective Aug. 1. Cornett-Scott will be responsible for campuswide diversity, equity and inclusion efforts and resources. Her duties will include assessing the need for training initiatives on cultural competency, racial sensi[...]
Leidos wins $600M contract to support Army Geospatial Center
Reston-based Fortune 500 government contractor Leidos Holdings Inc. won a U.S. Army contract worth an estimated $600 million if all options are exercised, the company announced Monday. Under the single-award contract, which has a one-year base with three one-year options, Leidos will support the Army Geospatial Center’s (AGC) [...]
Huntington Ingalls Industries lands $346M contract to assist U.S. Africa Command
Newport News-based Huntington Ingalls Industries’ Technical Solutions division won a contract with a potential value of $346 million to provide personnel recovery and casualty evacuation services for the Department of Defense’s U.S. Africa Command (USAFRICOM) and partner nations, it announced Monday. The One Acquisition [...]
Clarabridge to be acquired by Utah firm in $1.13B deal
Reston-based software company Clarabridge Inc. is being acquired by Provo, Utah-based data analytics firm Qualtrics International Inc. in a nearly $1.13 billion all-stock deal, the companies announced Thursday. Clarabridge’s platform uses artificial intelligence to provide conversational analytics — it is able to analyze cus[...]
Telos Corp. acquires Alabama biometric software company
Ashburn-based cybersecurity firm Telos Corp. has acquired Alabama-based biometric software company Diamond Fortress Technologies Inc., Telos announced Monday. Financial terms of the transaction were not disclosed. The acquisition adds patents to Telos’ biometric and digital identity intellectual property. Telos will integrate DFT’s ONYX software into its platform. ONYX is a touchless fingerprinting software that uses […][...]
Two Hampton Roads car washes sell for $1.6M
Two Solar Wash Inc. car wash locations in Hampton Roads sold for $1.6 million, S.L. Nusbaum Realty Co. announced Wednesday. Located at 910 W. Washington St., the Suffolk property has five self-service bays, seven vacuum bays and a fully automatic, soft touch station. The Franklin location, found at 1021 Armory Drive, has seven v[...]
Chesterfield EDA eyes mixed-use project at Spring Rock Green
The Chesterfield County Economic Development Authority has proposed purchasing Spring Rock Green — a 42-acre property on the northwest corner of Midlothian Turnpike, near Chippenham Parkway — for $16 million to create a mixed-use development. The property is located between the Stonebridge Shopping Center and The Boulder’s[...]
Silver Line will miss Labor Day target
Problems plugging Silver Line Phase 2 into the rest of the Washington transit system are delaying the project’s transfer from the Metropolitan Washington Airports Authority to the Washington Metropolitan Area Transit Authority (WMATA). The transfer’s target date was Labor Day, but it’s not clear how long the transfer will [...]
Norfolk ‘micro-school’ will prep kids for future work
Music superstar Pharrell Williams’ educational nonprofit, Yellow, will be opening a new, independent “micro-school” with a focus on STEM and workforce preparation this fall in Norfolk’s Ghent neighborhood. The school, Yellowhab, is intended to be the first of a network of small schools. “We want to add more schools in [...]
Now shed of wireless assets, Shentel embraces broadband
Shenandoah Telecommunications Co., or Shentel, sold its wireless assets in July to T-Mobile USA Inc. for $1.94 billion, leaving the Edinburg-based company with approximately $1.25 billion in proceeds after paying off outstanding loans and ending contracts. The sale is an outgrowth of Shentel’s former wireless affiliate contrac[...]
State pushes broadband expansion into overdrive
Early in his administration, Gov. Ralph Northam proposed an ambitious goal: achieving universal broadband connectivity statewide by 2028. In May and July, Northam and General Assembly leaders announced plans to speed up that timeline; instead, they aim to deliver broadband to most of Virginia in 18 months using $700 million from[...]
