NetImpact Strategies names new CEO
Former Unisys Federal President PV Puvvada recruited by Falls Church IT company
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Falls Church-based federal contractor NetImpact Strategies Inc. has named former Unisys Federal President Venkatapathi “PV” Puvvada as its CEO, the company announced Tuesday. Puvvada will succeed NetImpact founder Kavita Kalatur, who will remain chairperson, providing oversight and supporting NetImpact’s strategic initiatives. “PV brings the experience, capabilities and relationships critical to our next era. I have
MicroStrategy buys $1B+ in bitcoin
Tysons-based software company now has $4.5B in bitcoin holdings
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Tysons-based business software company MicroStrategy Inc. announced Wednesday that it has purchased $1.026 billion of additional bitcoin, its largest single bitcoin purchase since it began acquiring the cryptocurrency last August. With this latest transaction, MicroStrategy’s total bitcoin holdings are worth approximately $4.5 billion, valued at current rates of $49,884 per bitcoin. The enterprise software company’s
Codan to acquire Herndon-based Domo Tactical Communications
Acquisition to be completed by end of April
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Codan Ltd., an Australian manufacturer with its U.S. headquarters in Ashburn, has entered into an agreement to acquire 100% of the shares in Herndon-based Domo Tactical Communications from a private equity company. Subject to regulatory conditions typical of transactions of this nature, the acquisition is expected to be completed by April 30, Codan announced Tuesday.
Leidos to buy Arlington-based Gibbs & Cox for $380M
Transaction is part of effort to expand into maritime market
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Reston-based Fortune 500 government contractor Leidos Holdings Inc. has agreed to acquire Arlington engineering and design firm Gibbs & Cox Inc. in a $380 million cash transaction as part of its efforts to expand into the maritime market and add engineering talent to its team. Leidos expects the deal to be completed in the second
CGI Inc. awarded $137M contract to overhaul Va. procurement system
Global IT company with U.S. headquarters in Fairfax will transform eVA
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Global IT company CGI Inc., which has its U.S. headquarters in Fairfax, announced Tuesday it has been awarded a $137.8 million contract by the Virginia Department of General Services (DGS) to support “transformational enhancements” to the state government’s eVA online procurement system. eVA provides a centralized, online purchasing hub for state and local agencies to
Parsons wins $600M USPS contract
Contractor to help manage postal programs
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Centreville-based Parsons Corp. has secured a potential seven-year, $600 million contract for nationwide program management services for the U.S. Postal Service. The contract is Parsons’ third consecutive award from USPS and extends a 17-year business relationship between the two entities. Previously, Parsons helped the agency install self-service kiosks, renovate parking structures and manage leased spaces
ManTech names VP of mission/enterprise IT
Steven Oh recruited by Herndon-based technology contractor
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Herndon-based technology contractor ManTech announced Monday it has recruited Steven Oh as vice president of mission/enterprise IT for the company’s newly formed Innovation and Capabilities Office. An IT, information security and project management professional, Oh will lead the technical focus area responsible for advancing ManTech’s business solutions that enhance Mission/Enterprise IT (M/E IT) services and
Northam announces $3.6M expansion of Eaton in Henrico
Power management company to create 80 jobs
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Power management manufacturer and supplier Eaton Corp. plc will invest $3.6 million to move production from California to its facility in Henrico County, Gov. Ralph Northam announced Friday. The move will create 80 jobs through the expansion of the Henrico facility’s production capabilities and the addition of new lines for electrical component manufacturing. Eaton, an
Short Pump Hilton enters receivership
Fairfax’s Crescent Hotel Management Services named receiver
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The Hilton Richmond Hotel and Spa in Short Pump has entered receivership after its owner, Shamin Hotels, fell behind on loan payments, according to documents filed in Henrico County Circuit Court. In an order dated Jan. 21, Fairfax-based based Crescent Hotel Management Services LLC was named special receiver for the Short Pump Hilton, which was
Seven Va. exporters graduate from VALET program
International business acceleration program is offered through Virginia Economic Development Partnership
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Gov. Ralph Northam announced on Friday the list of the latest seven companies to graduate from the Virginia Economic Development Partnership’s (VEDP) Virginia Leaders in Export Trade (VALET) program. More than 300 companies have now graduated from the a two-year international business acceleration program that assists participating Virginia exporters with international sales plan development services,