October 28 E-Bird newsletter: ShiftMed raises $45M; Spire Global opens Tysons office; PAE-Amentum seal deal
Shifting into high gear: In one of the largest venture rounds for the region in recent months, Tysons-based ShiftMed, a workforce-management software startup focused on the healthcare sector, has raised $45 million. The round was led by Panoramic Ventures and Healthworx, the investment arm of CareFirst Holdings. Previous investors Blue Heron Capital, Motley Fool Ventures and 3TS Capital Partners also participated in the round. ShiftMed created a mobile app for professionals searching for flexible nursing jobs, addressing nursing shortages and enabling hospitals to reach their required staffing levels. The proceeds of the investment will be used to expand its footprint nationally. “Now more than ever, credentialed caregivers are needed to support our hospital, post-acute, and in-home business segments,” said Todd Walrath, CEO of ShiftMed.com. “ShiftMed’s software platform allows our customers real-time access to the workers they need.” Potomac Tech Wire posted the release.
A-spire-ing to new heights: Spire Global, which provides space-based data, analytics, and space services and has offices in San Francisco, Boulder, Colorado, Glasgow, Luxembourg and Singapore, opened an office in Tysons to accommodate the company’s growing team that provides support to its federal clients. The company said it also plans to expand office space in 2022 based on projected demand for its data products and services in the government sector. As a small satellite operator, Spire uses its constellation to provide customers data on aircraft, maritime and weather systems across the globe. Keith Johnson, vice president and general manager of Spire’s government solutions business, said the company aims to help the federal government address complex challenges with the use of space-based CubeSat data, according to ExecutiveBiz.
STEM sells here: The Washington, D.C., region ranked no. 5 nationally for 2021 STEM Job Growth by RCLCO Real Estate Consulting. Published annually the ranking projects STEM (Science, Technology, Engineering and Mathematics) job growth trends across the country by analyzing the economies of the largest metropolitan areas to understand which regions are attracting the jobs and employees of the future. GlobeSt.com has more.
Momentum for Amentum: Tysons-based government contractor PAE (Pacific Architects and Engineers) agreed to be acquired by an affiliate of Germantown, Md., aerospace defense contractor Amentum, which has locations in Chantilly and McLean, in a $1.9 billion all-cash deal. The transaction is expected to close in the first quarter of 2022, at which time PAE will become a wholly owned affiliate of Amentum. A Fortune 1000 company, PAE employs about 20,000 workers across approximately 60 nations. Amentum has 34,000 employees stationed in all 50 states and 105 foreign nations and territories, reported Virginia Business.
Tracking Tysons: Members of the public can now follow Tysons’ transformation from office hub to “America’s next great city” from their laptop. Fairfax County repackaged its annual report on the implementation of the Tysons Comprehensive Plan into an online, interactive development data platform called the Tysons Tracker. The tracker contains information about land use, transportation, parks, and other topics that has traditionally been delivered in a 200-page print document given to the Fairfax County Board of Supervisors every year since the comprehensive plan was adopted in 2010. Tysons Reporter has more.
Guiding growth: Guidehouse completed its acquisition of fellow Tysons-based Dovel Technologies, and the combined enterprise is projected to generate over $2 billion in annual revenue as Dovel expands Guidehouse’s government and commercial service offerings. The Veritas Capital portfolio company said last week it will add more than 1,900 individuals to its combined employee base as part of the acquisition. Scott McIntyre, CEO of Guidehouse, said, “With the Dovel acquisition now complete, we are thrilled to join forces and welcome our new colleagues to Guidehouse as we combine our technology-first business models and share our strengthened capabilities.” ExecutiveBiz has more.
Engineered to meet challenges: Centreville-based Parsons secured a $1.1 billion (yep, with a b) contract from the U.S. Corps of Engineers. The 10-year order will support U.S. Army Engineering and Support Center, Huntsville, in meeting challenges related to environmental and munitions responses. Involving conventional munitions, chemical warfare materiel, environmental compliance, and remediation services, the program is intended to safeguard the environment and the public, Army Technology reported.
New digs: ScienceLogic is relocating its headquarters within Reston. It’s looking to move into the 13th floor office space at 11955 Democracy Drive, after being located for over a decade by Hunter Mill Road at 10700 Parkridge Boulevard, notes Reston Now.
Expanded partnership iced: Isavia ANS, Iceland’s Air Navigation Service Provider signed an agreement to expand its use of Tysons-based Aireon‘s space-based ADS-B data. Isavia ANS provides air-navigation services across 5.4 million square kilometers of controlled airspace that extends from the North Pole to Scotland and from the prime meridian in Greenwich to west of Greenland, InsideNoVa reported. “Isavia ANS continues to show their leadership in new technology adoption with the expansion of Aireon’s satellite-based ADS-B air traffic surveillance system in their northern airspace,” said Don Thoma, CEO of Aireon. “We are proud of the partnership we have with the Isavia team, as they make great strides to advance the safety and efficiency of remote airspace with real-time surveillance.”
Harnessing AI: San Francisco-based Splunk, which has a Tysons office, and Accenture, which is based in the U.S. in Chicago and has offices in Arlington and Reston, formed a business group to help clients maximize insights from data, with a particular focus on artificial intelligence-powered IT operations, security automation, and intelligent supply chain. The Accenture Splunk Business Group expands the partnership between the two companies as they help clients better take advantage of real-time data from across their business and quickly take action to improve IT operations, supply chain and security processes, as well as manage and explore new revenue opportunities. Intelligence Community News has more.
Cybersecurity clarity: Tysons-based MicroTech partnered with Visium Technologies, based in Fairfax, focused on global cybersecurity clarity, machine learning, advancing technology and automating services to support enterprises in protecting their most valuable assets – their data, business applications, and IoT on their networks and in the cloud. Tony Jimenez, MicroTech founder, president and CEO, noted, “Cybersecurity threats are persistent and it is very easy for malware to cripple networks. It is critical that companies are able to monitor their security in real-time and machine data can facilitate this effort. Visium enables companies to better secure their networks and MicroTech is excited to partner with them.” WSAZ picked up the release.
Another acquisition: Continuing a string of recent acquisitions, Ntiva, the Tysons-based provider of managed IT services firm, announced that it will acquire Bethesda, Md.-based NetLogicDC, an IT services company founded in 2005. Ntiva said the acquisition will help it grow in the Mid-Atlantic region. Potomac Tech Wire carried the release.
Engineering attraction: 3Pillar Global, the Fairfax-based custom software and digital product development firm, announced that it will receive a strategic growth investment of an undisclosed amount from H.I.G. Capital. 3Pillar Global has over 2,000 employees at 13 facilities on three continents. “Our strategic investment reflects our confidence in 3Pillar’s outstanding capabilities and strong momentum in the multi-billion-dollar digital transformation sector,” said Matthew Robinson, managing director at H.I.G. Capital. “3Pillar’s unique culture attracts the best engineers globally.” Potomac Tech Wire picked up the release.
Timber tower: Brookfield Properties, senior vice president of development Rich Fernicola detailed the company’s plans to advance a state-of-the-art office building in Reston for the Halley Rise development, Reston Now reported. The 115,000-square-foot timber office building is slated to move forward at the start of next year. Halley Rise is located along Sunrise Valley Drive and the Reston Parkway by the forthcoming Reston Town Center Metro Station. Once completed, it is slated to have 1.9 million square feet of office space, 240,000 square feet of retail, five acres of public open space and new public streets.
More senior moments coming: Dallas-based Silverstone Senior Living, which has an office in Tysons, is plotting $450 million in new senior housing projects in the Washington region. This would bring its local investment since 2019 to $700 million, and bring its holdings to seven communities with 1,267 units of senior housing of different kinds. In Fairfax County the projects in the pipeline include The Canopy in Reston and The Trillium at The Boro in Tysons. Silverstone’s first wave of properties include the now-open Providence in Fairfax, notes the Washington Business Journal.
Notable contract wins by firms in Fairfax County
Maximus booked a 10-year, $323 million contract from the Securities and Exchange Commission to expand the SEC’s Enterprise EDGAR (Electronic Data Gathering, Analysis, and Retrieval) System Support Services. ExecutiveBiz
Dewberry received a $49 million contract to provide the National Oceanic and Atmospheric Administration with technical geospatial services in support of its Office for Coastal Management. ExecutiveBiz
ICF won three contracts with a combined value of $35 million from the U.S. Centers for Disease Control and Prevention to provide digital transformation, health surveillance, data management, technical assistance and communications services to its programs. InsideNoVa
Global Guardian received a $470,000 contract from the National Aeronautics and Space Administration to provide medical evacuation services for the Johnson Space Center in Houston. NASA Watch picked up the release.
Featured business events
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 9 — Entrepreneurship 101. Presented by the FCEDA, in partnership with the Virginia Department of Small Business and Supplier Diversity, the Community Business Partnership and the U.S. Small Business Administration, the webinar provides an overview of business start-up fundamentals. In addition, the workshop features an “Entrepreneur Spotlight,” with a guest speaker who will discuss their entrepreneurial journey and share valuable tips for business success. The guest speaker for this session will be Tysons-based Favor TechConsulting President and CEO Vaseal Montgomery. Click here to register.
November 10 — Mid-Atlantic Marketing Summit, PR Summit D.C. 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.
November 10 — Digital Transformation – Opportunities for Success in the USA. Hosted by the Netherlands America Chamber of Commerce, this webinar is intended for Dutch tech firms interested in doing business in USA. Speakers will include Jatinder Kaur Khosla, business investment manager for Europe at the FCEDA and board member, NACCWM. 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 firstname.lastname@example.org, 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.