Sign In
Free Newsletter
Alexandria software company acquired by Massachusetts firm
Burlington, Massachusetts-based software company HealthEdge Software Inc. announced Wednesday it has acquired Alexandria-based software company The Burgess Group LLC. A transaction amount was not disclosed. The acquisition follows a majority stake investment in HealthEdge by funds managed by Blackstone Growth. “The acquisition of Burgess is a great strategic fit for HealthEdge to enter the large, […][...]
Va. hotel revenues decline while U.S. has worst quarter on record
Hotel revenues remained low but steady in Virginia last week, compared with the same week last year, according to new data from STR Inc., a division of CoStar Group providing market data on the U.S. hospitality industry, which STR reported just marked its worst quarter yet. “Due to the COVID-19 pandemic, the U.S. hotel industry reported […]
FSA Federal hires VP of finance, accounting
Ashburn-based government services company FSA Federal announced Wednesday that Chandler Terry has joined the company as vice president of finance and accounting. In his new role, he will oversee all finance functions of the company, including capital resources, forecasting, treasury, financial services, accounting, payroll, au[...]
The Hilb Group makes 10th acquisition within past year
In its second acquisition announcement of the week, Henrico County-based insurance company The Hilb Group LLC (THG) on Wednesday announced it has acquired Michigan-based CIA Financial Group Inc. The transaction was effective July 1. A transaction amount was not disclosed. Since 2015, THG has acquired more than 60 companies. The [...]
Fairfax company wins $17M contract to help with Census
The U.S. Census Bureau (USCB) has awarded Fairfax-based business and technology consulting company Customer Value Partners Inc. (CVP) a $17 million contract to help with data collection and analysis for the 2020 Census, the company announced Wednesday. “The U.S. Census Bureau gathers critical information to help our country run more efficiently,” CVP Founder and CEO […]
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 Mason Univer[...]
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[...]
Unmanned Systems Association of Va. names board chair
The New College Institute in Martinsville announced Tuesday that interim Executive Director Karen Jackson has been elected as board chair of the Unmanned Systems Association of Virginia (USAV). The association is a nonprofit coalition that promotes legal and regulatory framework for growth in the unmanned systems industry in Vir[...]
Newport News staffing firm names operations VP
Newport News staffing and recruiting firm The Lee Group announced Tuesday that Sarah Fulton has been promoted as vice president of operations after 11 years with the company. Fulton joined the firm in 2009 and most recently served as branch manager at the company’s Chesapeake office. In her new role, she will lead The Lee [&[...]
