Industries

For the Record - Northern Virginia

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Alarm.com, a Vienna-based provider of home and business security systems, disclosed a $136 million equity sale to investors. The company offers web- and mobile-enabled monitoring systems, including energy management. Alarm.com recently passed the 1 million mark in subscribers. (Washington Business Journal)

Alion Science and Technology, a global engineering company headquartered in McLean, received a five-year contract worth $542 million from the Navy to support its submarine forces. Alion will provide a wide variety of services, including engineering, logistics and business and financial management. (Business Wire)

McLean-based Capital One Bank, the nation’s sixth-largest bank will pay $210 million, mostly to reimburse consumers who were duped into paying for credit monitoring and other add-ons. Targeting the unemployed or people with poor credit, a third-party vendor hired by Capital One, falsely claimed the services were mandatory or free. In a separate settlement, Capital One agreed to pay $12 million in restitution to troops who were unlawfully denied reprieve from high interest rates, foreclosure and car repossession while on active duty. (The Washington Post)

EagleBank, a Bethesda, Md., financial services company, moved its Northern Virginia Commercial Lending offices from Tysons Corner to Reston. The company has been expanding its Northern Virginia presence, now with six branch locations in the region, and 18 total in the Washington, D.C., area. (Washington Business Journal)

General Dynamics, a Falls Church-based government services provider, received a five-year contract worth $2.2 billion, including options, from the State Department for global supply chain management, logistics and technology services. (Washington Business Journal)

GeoEye, based in Herndon, plans to combine with competitor DigitalGlobe in a deal worth $900 million. Both companies capture photos and other imagery from satellites that orbit the Earth. The combined company will retain DigitalGlobe’s name and executive leadership. (The Washington Post)

Ikea, a furniture manufacturer and retailer headquartered in Sweden, activated a solar energy system atop its Woodbridge store. The 63,000-square-foot photovoltaic array, the largest in Virginia, produces enough power annually for 55 homes. Ikea has installed solar power systems on 21 of its 44 U.S. stores. (Washington Business Journal)

iMapData Inc., a McLean provider of data mining software, received a $15 million investment from Frontier Capital, of Charlotte, N.C. The company plans to use the money to expand services to its government and commercial customers. (Washington Business Journal)

Mars Inc., a producer of candy treats based in McLean, donated $5 million to the Smithsonian National Museum of American History. The gift will sponsor, “American Enterprise,” an 8,000-square-foot exhibit tracing business and innovation in America, dating back to the 1700s. (Washington Business Journal)

Rosetta Stone Inc., an Arlington provider of language instruction services and products, released an app for the Apple iPad, allowing mobile users to take language lessons on the go. (Business Wire)

SAIC Inc., a McLean-based technology company, bought maxIT Healthcare Holdings Inc., of Westfield, Ind., for $473 million. The deal advances SAIC’s strategy to expand its presence in the commercial health-care sector. The acquisition brings the company $850 million in health-care business and adds 1,300 employees to its work force. maxIT will operate as a wholly owned subsidiary. (Washington Business Journal)

 

 


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