Health care AI company bringing U.S. HQ to Loudoun
Zasti Inc., a health care-related artificial intelligence technology company, is investing $5.9 million to establish its U.S. headquarters in Loudoun County, creating 60 jobs, Virginia Gov. Ralph Northam announced Thursday. Founded in 2017 in India, Zasti, which is Sanskrit for “prediction,” develops AI-based risk screening, predictive analytics and climate change solutions for the health care […][...]
757 economic recovery plan focuses on cooperation
At a Thursday news conference, Hampton Roads regional leaders unveiled a new economic recovery plan for the next two years that focuses on cooperation and resiliency. Hampton Roads Alliance President and CEO Doug Smith presented a report detailing multiple goals for the region to help it recover financially after the COVID-19 pa[...]
SAIC hires space biz senior VP
Reston-based Fortune 500 defense contractor Science Applications International Corp. (SAIC) announced Tuesday it has hired David Ray as the senior vice president of its space business unit. Most recently, Ray served as president of government and defense at Flir Systems. In his new role, he will lead the team focused on space [...]
The Hilb Group acquires Medicare-focused firm
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it has acquired West Greenwich, Rhode Island-based Compass Planners (CP). Financial terms of the transaction were not disclosed. Led by Jim Soucy, CP is an insurance company that specializes in Medicare Advantage. Soucy and his three colleagues will join THG’s Cranston, Rhode Island office. Soucy […]
Avantus Federal names new board member
Avantus Federal, a McLean-based IT defense contractor, announced Tuesday it has appointed former Engility CEO Lynn Dugle to its board of directors. Dugle was chairman and CEO of Chantilly-based Engility before its 2019 acquisition by Reston-based Science Applications International Corp. During her career, she also served in se[...]
KeyBank parent company to buy McLean data firm
Cleveland, Ohio-based financial services company KeyCorp announced Tuesday it will acquire McLean-based AQN Strategies LLC, a data and analytics firm focused on financial services established by Ben Sabloff and Nigel Morris, co-founder of Capital One and fintech venture capital firm QED Investors. Financial terms of the transaction were not disclosed. Sabloff will serve as KeyCorp’s […][...]
Herndon tech company buys Vienna-based IT defense biz from AT&T
Herndon-based systems integrator Tyto Athene announced Wednesday it will acquire AT&T’s Vienna-based Department of Defense-focused IT professional services business, also known as Government Solutions Inc. Financial terms of the transaction were not disclosed. Making up a small slice of AT&T’s federal business, the division acquired by Tyto provides IT professional services to DOD customers. The […][...]
Prince William company to expand manufacturing of COVID-19 test products
Prince William County-based Ceres Nanosciences Inc. will increase manufacturing of its reagent product used in COVID-19 tests, Gov. Ralph Northam announced Wednesday. The project will create 50 jobs in engineering, advanced manufacturing and materials science during the next three years. “This expansion will enable Ceres Nanosciences to vastly increase production of its patented technology to […][...]
Dominion joins initiative to create electric vehicle charging network
Dominion Energy Inc. and five other major utilities announced a plan Tuesday to create a network of charging stations for electric vehicles across major highway systems stretching from Washington, D.C., to Chicago to West Texas and the Florida Heartland. The newly announced Electric Highway Coalition — made up of American Elec[...]
Atlantic Diving Supply awarded $100M federal contract
Virginia Beach-based equipment vendor Atlantic Diving Supply (ADS) been awarded a five-year, $100 million contract from the Defense Logistics Agency (DLA) to deliver patient monitoring technology, associated accessories and training support to military and federal civilian customers. DLA selected ADS from 54 bids the agency received for the firm-fixed-price, indefinite-delivery/indefinite-quantity contract, the U.S. Department of [&hell[...]
Kansas engineering firm acquires Va. Beach geotech company
On Tuesday, Kansas-based consulting engineering firm Terracon Consultants Inc. announced that it had purchased GET Solutions Inc. for an undisclosed amount. GET is a geotechnical, environmental and materials testing firm serving public- and private-sector clients throughout the mid-Atlantic. In addition to its Virginia Beach headquarters, GET has another Virginia office in Williamsburg and North Carolina […][...]
Alexandria-based VSE Corp. buys biz unit from N.C. company
Alexandria distribution and maintenance provider VSE Corp. has purchased North Carolina-based HAECO Americas’ special services business, which provides maintenance, repair and overhaul support for government and military aircraft platforms The financial terms of the deal were not disclosed. HAECO Special Services helps maintain the U.S. Air Force’s KC-10 aircraft as a subcontractor under a U.S. […][...]