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Tegna confirms acquisition offers
Media reports: Apollo Global Management, mogul Byron Allen offering $8B+
Tysons-based broadcast and digital media corporation Tegna Inc. has received acquisition bids of more than $8 billion from Apollo Global Management Inc. and media mogul Byron Allen, according to media reports. The news comes more than a year after previous purchase proposals fell through in March 2020 amid the dawning of the coronavirus pandemic. Bloomberg
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U.Va. opens Northern Virginia campus
UVA|NOVA is in Arlington's Rosslyn neighborhood
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The University of Virginia announced Wednesday it has opened a campus in the Rosslyn neighborhood of Arlington, with plans to expand to other sites in the region. The campus in Northern Virginia will be called UVA|NOVA. “UVA|NOVA will be the center point of our efforts to better serve the commonwealth by bringing new academic programming
AES promotes investment chair to CFO
Stephen Coughlin will become CFO and an executive vice president Oct. 15
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Arlington-based Fortune 500 energy company The AES Corp. announced Tuesday it had promoted Stephen Coughlin to executive vice president and chief financial officer, effective Oct. 15. Coughlin most recently led AES’ corporate strategy and financial planning groups and served as chair of the company’s investment committee. Before that, he was the CEO of Fluence, AES’
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Peraton acquires aaS business of Herndon tech company
Peraton acquired ViON Corp.'s as-a-service business Wednesday
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Herndon-based federal contractor Peraton Inc. acquired the as-a-service business of Herndon-based IT company ViON Corp., it announced Wednesday. Financial details of the transaction were not disclosed. Peraton acquired ViON’s cloud business and its employees, adding to its storage, computing and network capacity. The company also acquired the business’s contracts with the U.S. Department of Defense,
Criterion Systems acquires Protas Solutions
Second acquisition this year for Vienna-based federal contractor
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Vienna-based Criterion Systems Inc. has acquired Reston-based Protas Solutions Inc., a government contractor providing data science, software engineering and management consulting services to the intelligence community. Financial terms of the deal were not publicly disclosed. Protas will operate as a wholly-owned subsidiary of Criterion, a federal contractor specializing in cybersecurity and IT services. Protas employees
Herndon’s BlackSky appoints chief revenue officer
J.R. Riordan was senior vice president at Parsons Corp
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Herndon- and Seattle-based geospatial intelligence and global monitoring company BlackSky Technology Inc. announced that J.R. Riordan assumed the role of chief revenue officer on Monday. “With a professional background in both defense and geospatial intelligence, J.R. will be an outstanding addition to BlackSky’s expanded executive leadership team,” BlackSky CEO Brian O’Toole said in a statement.
GTT completes $2B infrastructure sale
McLean-based telecom business to file Chapter 11
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McLean-based telecommunications company GTT Communications Inc. finalized the sale of its infrastructure division to Miami-based I Squared Capital, the company announced Friday, allowing GTT to move forward on Chapter 11 bankruptcy. Although the financial details were not disclosed by the companies this week, the sale price was anticipated to be $2.15 billion in October 2020. According
Peraton appoints government and customer relations SVP
Mara Motherway joins company from Booz Allen
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Mara Motherway joined Peraton Inc. in September as the Herndon-based federal contractor’s senior vice president of government and customer relations, a newly created position. She comes from Booz Allen Hamilton, where she served as vice president for government relations and military affairs. Motherway reports to Mike King, Peraton’s executive vice president and chief growth officer,
Ellucian acquisition deal closes
Reston higher ed tech company bought by private equity firms
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The acquisition of Reston-based higher education software company Ellucian by investment firms Blackstone and Vista Equity Partners has been completed, the companies announced Wednesday. Financial terms of the deal were not disclosed. New York-based Blackstone and Texas-based Vista Equity acquired Ellucian from Texas-based TPG Capital and Los Angeles-based Leonard Green & Partners. “Today marks an
Finnish software company establishes North American HQ in Reston
Cloudpermit offers software for local governments' permitting processes
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Helsinki-based e-permit software company Cloudpermit has chosen Reston for its North American headquarters, it said Wednesday. Last spring, during Gov. Ralph Northam’s trade visit to Germany, the company decided to locate the office in Fairfax County, with the precise location announced this week. The company currently has fewer than 10 employees working out of its