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Telecom company SES building $17M facility in Prince William
U.S. operations hub expected to create up to 200 net jobs by 2026
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Luxembourg-based telecommunications company SES will invest $17 million in a new U.S. hub facility in Prince William County facility where it will merge its satellite and network operations, Virginia Gov. Ralph Northam announced Thursday. The facility is expected to create up to 200 net jobs by 2026. “In consolidating our local SES satellite and network
Lawmakers OK recreational marijuana, cultivation
As of July 1, Virginians over 21 will be able to possess up to 1 ounce for personal use
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RICHMOND, Va. — Virginia lawmakers signed off on amendments that make the possession of small amounts of recreational marijuana and homegrown plants legal in the state in July as opposed to 2024. “On July 1, 2021 dreams come true,” Marijuana Justice stated in a tweet. The group has worked to legalize the use and possession
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Leesburg anti-phishing tech company Cofense buys Israeli firm
Cofense plans to use Cyberfish's AI tools to battle phishing emails
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Leesburg-based tech firm Cofense, which specializes in phishing detecting and response solutions, announced Wednesday that it has acquired Israel-based Cyberfish, a company that provides artificial intelligence-based technology to battle phishing emails and websites. Financial details of the transaction were not disclosed. According to a news release, Cofense plans to use the data it has gathered
Gainwell Technologies acquires health care tech company for $3.4B
Reston company purchased Texas-based HMS Holdings in all-cash deal
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Reston-based Gainwell Technologies, a six-month-old spinoff company of DXC Technology, has completed its approximately $3.4 billion acquisition of HMS Holdings, a Texas-based health care technology company, Gainwell announced April 1. The all-cash deal, announced in December 2020, was made for $37 per share. Gainwell, which has more than 7,500 employees, was created in October as
N.C. air purifier manufacturer will build $5.6M plant in Radford
Project will create 101 jobs in New River Valley region
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Oransi, a Raleigh, North Carolina-based manufacturer of air purifiers, will invest $5.6 million to establish a manufacturing facility in Radford, creating 101 jobs, according to an announcement Wednesday from Virginia Gov. Ralph Northam. “Oransi is very pleased to establish its first manufacturing facility in the city of Radford to develop and manufacture our best-in-class air
Mary Baldwin receives $1M gift to endow building
University celebrates anniversaries of gifted, cadet corps programs
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Mary Baldwin University has received a $1 million gift from the Robert Haywood Morrison Foundation to endow the building that houses the university’s Program for the Exceptionally Gifted for girls age 13 and older seeking college degrees, MBU announced Wednesday. The building will be named in honor of President Emerita Cynthia Haldenby Tyson at a
Caliburn International will separate into two companies
Reston-based federal contractor operated largest U.S. detention center for migrant children
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Calling it a “natural progression,” Reston-based professional services company Caliburn International announced Wednesday that it will split into two companies to focus on different capabilities. The federal contractor, which has about 8,500 employees, says it expects to complete the separation by Sept. 30. It also announced shifts in leadership to oversee the new companies, Acuity
McLean-based DISYS to acquire Florida staffing company
Deal will create company with $860M in revenue
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McLean-based global managed services and staffing firm Digital Intelligence Systems LLC (DISYS) has signed an agreement to acquire Signature Consultants LLC, an IT staffing, consulting and managed solutions company headquartered in Fort Lauderdale, Florida, DISYS announced Wednesday. Exact financial details of the transaction were not disclosed, but the deal creates a company with 8,500 employees
Reston-based SAIC lands $4.4B in defense contracts
Contracts will provide modeling and simulation support to U.S. Army
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On the heels of an $830 million U.S. Army contract won in February, Reston-based Science Applications International Corp. (SAIC) has landed two more Army contracts worth a combined $4.4 billion, it announced today. The Fortune 500 defense contractor says both contracts will provide systems engineering services to support the U.S. Army Combat Capabilities Development Command,
Genworth kills long-delayed $2.7B acquisition
Acquisition by China's Oceanwide Holdings Group had been pending since 2016
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Henrico County-based Fortune 500 insurer Genworth Financial Inc. announced Tuesday that it has formally terminated its long-delayed $2.7 billion acquisition by China-based Oceanwide Holdings Group Co. Ltd. The news follows a Jan. 5 announcement by Genworth that it was putting a hold on the deal, first announced in 2016. At the same time, the company
