October 21 E-Bird newsletter: Intact Technology expands Reston HQ; FCEDA’s Hoskins makes DMV Power 100 list
Tactical expansion: Fairfax County-based IT consulting firm Intact Technology will expand its headquarters, Gov. Ralph Northam announced. The expansion will create more than 40 jobs, and Intact will invest at least $700,000 to accomplish it. In 2020, Intact relocated its headquarters from Greenbelt, Md., to Reston. “The demand for our game-changing approach from federal agencies and Fortune 1000 companies is driving tremendous growth,” said Intact Technology President Jason Hampel. “By residing in Virginia and Fairfax County, we are in the center of a progressive community full of other thought leaders to grow with and learn from.” Reston Patch has more, and click here to see the FCEDA release and video.
Powering Fairfax County: Victor Hoskins, president and CEO of the FCEDA, was one of the top leaders in the Washington region selected for Washington Business Journal’s Power 100 class of 2021 list. The Business Journal wrote: “Hoskins has not slowed down in his latest stop helming one of the region’s top economic development offices, leaning on an $8.8 million budget in fiscal 2021 and convincing major companies like StarKist and Guidehouse to move to Fairfax County even as the pandemic empties office spaces. He’s remained a regional leader, too, helping lead efforts with Connected DMV to urge more collaboration among his colleagues on regional economic development efforts.”
In outstanding company: In addition to Victor Hoskins, a diverse group of 24 more leaders at Fairfax County-based companies and organizations placed on the Power 100 class of 2021 list, including Baker Tilly Managing Partner Monica Modi Dalwadi (Tysons); Booz Allen Hamilton President and CEO Horacio Rozanski (Tysons); George Mason University President Gregory Washington (Fairfax); Mars CEO Grant Reid (McLean); Navy Federal Credit Union President and CEO Mary McDuffie (Vienna); Northern Virginia Community College President Anne Kress (Annandale); and Thompson Hospitality President and Chairman Warren Thompson (Reston).
Women business powers: Six leaders at Fairfax County-based companies were among those noted in the “Business Powers” category in Washingtonian magazine’s annual list of Washington’s Most Powerful Women 2021: Kyle Schoppmann, Mid-Atlantic president of CBRE (Tysons); Phebe Novakovic, chair and CEO of General Dynamics (Reston); Kathy Warden, chair, CEO, and president of Northrop Grumman (Falls Church area); Gloria Bohan, president and CEO of Omega World Travel (Fairfax); Nazzic Keene, CEO of SAIC (Reston); and Shaza Andersen, founder and CEO of Trustar Bank (Great Falls). Check out Washingtonian’s list of the region’s 150-plus most powerful women in additional categories, from the arts to medicine to the economy—and more.
Counting quarters: Companies located in the Greater D.C. area raised about $1.32 billion across 63 deals in the third quarter, according to data from the PitchBook-NVCA Venture Monitor. In Fairfax County, Tysons-based ID.me raised $100 million. On top of funding, the Fairfax County area saw two exits in Q3: Centreville-based Parsons Corporation’s acquisition of Herndon’s BlackHorse Solutions and Tysons-based IronNet’s merger with LGL Systems in a SPAC deal, technical.ly/DC reported.
Fast companies indeed: Three Fairfax County-based companies ranked in the top 10 of the Washington Business Journal’s 75 Fastest Growing Companies in Greater Washington: McLean Mortgage (Fairfax) at no. 6; BlackHorse Solutions (Herndon) at no. 8; and ShorePoint (Herndon) at no. 9. In total, 36 of the 75 companies – 48 percent of the list – are headquartered in Fairfax County.
Transformative technology: ForecastEra, a Reston-based developer of business forecasting applications for Salesforce, raised $4.5 million in a seed investment round led by Ringbolt Capital. The startup has developed various tools for sales and revenue forecasting within the Salesforce ecosystem. “We invested in ForecastEra because we see it as a transformative technology that allows Salesforce’s more than 150,000 worldwide customers to not just improve their sales performance but enhance the C-suite’s capabilities to react and forecast in real-time,” said Joe Vacca, managing partner at Ringbolt Capital. ForecastEra had raised $2.8 million in a previous round. Potomac Tech Wire picked up the release.
Healp is on the way: Fairfax-based Healp is one of three DMV healthtech startups that nabbed a spot in 2Gether-International’s first tech cohort that was created specifically for founders with disabilities. The 10-week accelerator program, which kicked off this month with support from Google for Startups, is designed to help the entrepreneurs grow their companies. Healp uses a swiping-style app for patients with the same health conditions to speak to each other one-on-one and ask questions about treatments, according to technical.ly/DC.
Filling jobs: Northern Virginia fared better economically than many other regions during the pandemic, but local companies are having difficulty hiring talent because of labor shortages, according to the 2021 Northern Virginia Workforce Index, a new project from the Northern Virginia Chamber of Commerce and Northern Virginia Community College, InsideNoVa reported. One suggested approach to find talent: apprenticeships, which are offered by only 16 percent of the businesses surveyed for the index, which provides information on hiring, retention and professional development trends among employers in the area. Mike Batt, director of the Fairfax County Economic Development Authority’s talent initiative, said a lot of companies are interested in apprenticeship programs, but many haven’t taken advantage of them yet. The talent initiative website is workinnorthernvirginia.com.
Envisioning and sensing: Herndon-based Peraton is developing network operations capabilities meant to integrate myriad sensors and data feeds to provide better visibility across the Army’s envisioned unified network — and to simplify the technical complexity. “There’s probably 1,000 companies that have fielded stuff into the DoD [network] to do either sensing or feeding,” Jennifer Napper, Peraton’s VP of Army Cyber Business, told Breaking Defense last week at the Association of the United States Army’s annual meeting.
Streamlining supply chains: Space-based data, analytics, and services provider Spire Global, which is based in the U.S. in San Francisco and has offices in Tysons, released an updated version of its maritime data service. The upgrade, “Maritime 2.0,” aims to improve Spire’s marine data capabilities, including vessel location, weather forecasting, Automatic Identification System global shipping activity monitoring, and data processing to optimize real-time decision-making, Via Satellite reported. “We are committed to providing continuous innovation across our maritime solutions,” said Spire senior vice president John Lusk. “Maritime 2.0 delivers on this promise with the data and analytics needed to address port congestion, save fuel for maritime vessels and streamline today’s strained global supply chains.”
Launching careers: Northern Virginia Community College and Amazon partnered last week to lead a fiber-optic fusion splicing course and career-networking session, during which nearly 40 participants learned the basics of the broadband technology in two days, for free. “Northern Virginia’s skilled workers — including many NOVA students and alumni — build, operate and maintain our region’s critical infrastructure,” said NOVA President Anne Kress. “Exciting programs like this support an inclusive innovation economy and prepare our talented and diverse students for high-demand, high-wage jobs and careers that will keep Northern Virginia on the leading edge of technology well into the future.” The Washington Business Journal has more.
Gathering trees: Tysons-based Capital One intends to acquire TripleTree, a health care investment bank out of Edina, Minn. The transaction will separate TripleTree Holdings’ two businesses, making TripleTree part of Capital One Commercial Bank’s capital markets division. “Together, we’ll add scale and significant expertise to our Capital Markets group, benefitting clients in a wide variety of healthcare specialties,” Steve Tulip, head of capital markets for Capital One Commercial Bank. The Washington Business Journal reported.
Woof: Businesses seeking to bring workers back in person might face a challenge of an unexpectedly furry nature: employees reluctant to leave the pets they acquired during the pandemic. A new business, Connected Canine, aims to help businesses alleviate that potential conflict. It operates out of the coworking space Industrious in Tysons as well as out of Boulder, Colo., according to Tysons Reporter. “We provide an HR toolkit with resources such as a health and behavior assessment used to understand a dog’s history before inviting them into the office and hands-on support to make the process of establishing a dog friendly office as simple as possible,” said Jeff Skalka, founder and CEO of Connected Canine.
You can spend some spare time here: Bowlero, which combines an arcade with a restaurant and bowling alley, opened a location in Tysons Galleria. Bowlero has taken over the basement of the mall’s former Macy’s. A grand opening for the Tysons Bowlero, which joins existing regional locations in Annandale, Centreville and Arlington, is slated for Nov. 6. Tysons Reporter rolled in the news.
To the malls, and beyond: The Washington Post Going Out Guide featured “5 Reasons to go out to Tysons.” The attractions at the new Capital One Center (Capital One Hall, Perch, Starr Hill Biergarten) get a nod, as do the Sandlot Tysons outdoor bar and ShowPlace ICON Theatre at The Boro, and Tysons Corner Center.
Notable contract wins by firms in Fairfax County
CACI International won a 15-month, $4.9 million program award from the Air Force Research Laboratory at Wright-Patterson Air Force Base, Ohio to advance high-power multispectral laser technology in support of improved electro-optical sensors for military missions. Washington Technology
Guidehouse secured a DoD contract to prototype an analytical technology that the Army intends to use for predictive maintenance to analytically inform the Army’s fleet management, supply chain and deployment operations. ExecutiveBiz
Featured business events
October 22 – NVTC Capital Cybersecurity Summit & Capital Cyber Awards. The Northern Virginia Technology Council presents its 6th Annual NVTC Capital Cybersecurity Summit & Capital Cyber Awards: Bridging the Gap Between Policy and Practice. Click here to register.
October 27-29 — TiE DC’s 4th Annual Capital GovCon 2021. Sponsored by the Fairfax County Economic Development Authority, this event which brings together over 300 small business owners and professionals and features government and industry leaders making significant digital transformation efforts across their respective agencies. Click here to register.
October 27: Business Education Series: Cash Flow Strategies for Small Business. Sponsored by the Fairfax County Economic Development Authority, the Greater Reston Chamber of Commerce presents a webinar featuring Randy Jones, a Wealth Management Advisor at First Financial Group. Click here to register.
November 4 — Veteran & Military Family Career Day. Sponsored by the Fairfax County Economic Development Authority, Fort Belvoir, the Northern Virginia Technology Council, Fairfax County Department of Economic Initiatives and the Northern Virginia Regional Commission, this event will be held at the National Museum of the U.S. Army at Fort Belvoir. Click here to register.
November 10 — Mid-Atlantic Marketing Summit, PR Summit DC. Co-produced by Potomac Tech Wire and Capitol Communicator, the Mid-Atlantic Marketing Summit brings together over 500 CMOs, senior marketers, communicators, agency professionals and technology executives at Capital One Hall in Tysons and virtually. Sponsored the Fairfax County Economic Development Authority, the summit features dozens of panels, keynotes, and presentations. Click here to register.
How the Fairfax County EDA can help
The FCEDA is here to connect businesses of all kinds to resources and information. Visit the FCEDA’s Covid-19 Business Resource Hub for up-to-date information. For direct assistance, email the FCEDA at email@example.com, or call 703-790-0600 to leave a voice message for our staff. And click here for resources available in the other nine jurisdictions that make up the Northern Virginia Economic Development Alliance.