Falls Church health IT company acquires Vienna tech firm
Cognosante LLC bought Enterprise Information Services LLC
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Falls Church-based health information technology company Cognosante LLC has acquired Vienna-based tech company Enterprise Information Services LLC (EIS). Financial terms of the transaction were not disclosed. Cognosante plans to use the acquisition to expand its federal contracting market. “EIS’ proven success in enterprise services, biometrics and cybersecurity provides expanded capabilities to offer to our existing
Goldman Sachs to acquire McLean financial firm
Folio Financial Inc. announced the plans for acquisition Tuesday
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McLean-based online financial services company Folio Financial Inc. announced Tuesday it will be acquired by New York City-based The Goldman Sachs Group Inc. Both companies provide investment management, asset management and brokerage services. Financial terms of the transaction were not disclosed. Acquisition discussions began in 2019, and the transaction is expected to close by the
Booz Allen wins $800M AI defense contract
Contractor will develop artificial intelligence products for the DoD
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Tysons-based federal contractor Booz Allen Hamilton announced Tuesday it has won an $800 million, five-year contract from the U.S. General Services Administration to create artificial intelligence products for warfighting operations supporting the Department of Defense’s Joint Warfighter National Mission Initiative. Booz Allen will embed AI decision-making and analysis at all tiers of DoD operations. As
Snagajob names chief revenue officer
Brian Schmidt joins company after leadership role at Tripadvisor
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Glen Allen-based hourly online staffing platform Snagajob announced Tuesday it has named Brian Schmidt as its chief revenue officer. In his new role, he will lead business growth and expansion efforts. Schmidt most recently led global sales and operations at online travel company Tripadvisor Inc. He also previously worked at Google LLC, where he focused
William & Mary Law School names new dean
A. Benjamin Spencer will leave U.Va. to lead nation's oldest law school
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The William & Mary Law School announced Monday that A. Benjamin Spencer will become its next dean, effective July 1. Spencer will also serve as a Chancellor Professor of Law. Spencer succeeds Davison M. Douglas, who has served as dean for more than 10 years. Douglas will return to the school’s faculty after Spencer takes
Port expansion project nears finish line
Final cranes delivered to Norfolk International Terminals last week
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The Port of Virginia announced Monday that the final group of stacking cranes needed to complete the $375 million crane addition portion of expansions at both the Norfolk International Terminals and Virginia International Gateway arrived May 14. The offloading process began the next day, Friday, May 15, and continued through the weekend. During the past
Virginia Port Authority CEO retiring next March
John Reinhart made announcement at Tuesday board meeting
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John F. Reinhart, CEO and executive director of the Virginia Port Authority, which oversees the Port of Virginia, announced at a board meeting Tuesday that he plans to retire in March 2021. “A lot of thought went into this decision, but when I consider the growth and maturity of this organization and the level of
Va. Beach military contractor announces $4M expansion
SJS Executives will create 49 jobs, purchase additional office, industrial space
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Virginia Beach-based military-industrial contractor SJS Executives LLC announced Tuesday it has received a $125,000 grant from the Virginia Beach Development Authority that will be used toward workspace and workforce expansion, as part of its Economic Development Investment Program (EDIP). As part of its expansion, the company plans to make a total of $4 million in
Trump administration chooses RVA pharma startup for $354M COVID-19 contract
Phlow Corp. will create domestic supply chain for coronavirus drugs
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Richmond-based drug manufacturing company Phlow Corp., which incorporated this year, announced Tuesday that the Trump administration has awarded it a $354 million, four-year contract to manufacture in the U.S. generic medicines and pharmaceutical ingredients needed to treat COVID-19, creating an American supply chain for medical products that are now made mostly in China and India.
McAuliffe joins advisory board of Herndon’s HawkEye 360
Former NSA deputy director also joins satellite company's advisory board
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Herndon-based satellite company HawkEye 360 Inc. announced Monday that former Virginia Gov. Terry McAuliffe and former National Security Agency Deputy Director Chris Inglis have joined its advisory board. The company also announced earlier this month that David Farnsworth was named its chief financial officer. “HawkEye 360 is exactly the kind of business whose growth I