Archive: Technology

NII Profit Slides, but Shares Up

NII Holdings' profit slid 34 percent in the first quarter, but its shares are still trading up about 8.5 percent this morning as it beat analysts' estimates. Profit fell 33.9 percent, to $70.6 million (43 cents a share) from $106.8 million (62 cents), while revenue dropped just 3 percent, to...

By Terri Rupar | April 23, 2009; 11:29 AM ET | Comments (0)

Report Shows Impact of High-Tech Jobs

TechAmerica (formerly AeA and the Information Technology Association of America) today released its 12th annual Cyberstates report, which shows that Virginia had the highest concentration of tech workers in the country in 2007, at 9.2 percent. Maryland ranks fifth, at 8 percent, and the District ranks sixth, at 7.3 percent....

By Terri Rupar | March 31, 2009; 02:31 PM ET | Comments (0)

The Download: Navigating the Downturn

Washington's technology community is about to get another test. It's only been a few years since the dot-com crash wiped out many of the area's high-flying telecom firms and Internet start-ups. And with the economy now facing another dramatic downturn, entrepreneurs and investors are once again bracing for tough times....

By Terri Rupar | November 23, 2008; 08:00 PM ET | Comments (3)

Tech Post: 'Speed Dating for Geeks'

Here's Zach Goldfarb's weekly update on the local technology scene. If you're a smart techie with Web talent, why come to Washington when you can go to Silicon Valley and snag a job with Google, Facebook or some up-and-coming start-up backed by millions in venture capital? Social Matchbox, a networking...

By Zachary Goldfarb | August 15, 2008; 02:30 PM ET | Comments (5)

Revolution Health To Lay Off 50

By Thomas Heath Revolution Health Group, the health-care business launched two years ago by former AOL chairman Steve Case, plans to lay off more than 50 employees next week, according to sources inside the company. The layoffs are primarily the result of a reorganization following Revolution's acquisition of two companies...

By Dan Beyers | June 6, 2008; 05:38 PM ET | Comments (0)

Profit Drops at SI International

SI International of Reston said first-quarter profit fell 27.5 percent, to $3.4 million (26 cents a share) from $4.7 million (36 cents) in the comparable period a year earlier. Revenue in the three months ended March 29 grew 18.2 percent, to $134.4 million. The company said business with civilian agencies...

By Terri Rupar | April 29, 2008; 12:39 PM ET | Comments (0)

News That Lives on Your Desktop

By Kim Hart It's tough to keep up with all the blogs, Web sites and emails that have become daily required reading. Finding a way to have all that delivered directly to you, and then sifting through it to find the stuff you actually want to take time to read,...

By Terri Rupar | April 23, 2008; 03:10 PM ET | Comments (0)

Vocus Swings to a Loss, but Revenue Up

Lanham-based Vocus posted a loss of $403,000 in its first quarter, compared with a profit of $2,000 in the first quarter of 2007. Revenue grew almost 42 percent, though, to $17.9 million. The company, which provides software for PR management, said it added a net 219 new subscription customers in...

By Terri Rupar | April 22, 2008; 04:53 PM ET | Comments (0)

A Deal Between Two Locals: NetStar-1 and Aviel

NetStar-1 of Rockville announced that it's buying Aviel Systems of McLean. Terms were not disclosed. Both companies do consulting and information technology work for the federal government and other companies. The companies say that combined, they will have more than 750 employees and annual revenue of almost $175 million. Chicago...

By Terri Rupar | April 16, 2008; 02:11 PM ET | Comments (0)

And the Winner Is ...

... ZaraCom Technologies of Rockville, which develops artificial intelligence technology. The competition, sponsored by Rockville Economic Development Inc., was for business plans from women-owned firms. ZaraCom aids wireless carriers in identifying bottlenecks on their networks to better manage traffic flow, reports Sharon McLoone over at the Small Business blog. Other...

By Terri Rupar | April 2, 2008; 01:47 PM ET | Comments (1)

If It's Local and a Rolodex ...

... it's Loladex, and it's a new Facebook application founded by two former AOL executives who outsourced the work to Viget Labs of Falls Church. The application is designed to help you find restaurants or mechanics in your neighborhood through your friends' recommendations, Kim Hart writes over at Post I.T....

By Terri Rupar | March 26, 2008; 11:35 AM ET | Comments (1)

Not Everyone's Coming With CSC

Computer Sciences Corp.'s finance chief, Michael E. Keane, has decided not to move with the company from the Los Angeles area to the Washington area. He's resigned the CFO post, though he's staying on as a VP through the transition period, the company said. Donald G. DeBuck, a vice president...

By Terri Rupar | January 31, 2008; 04:30 PM ET | Comments (1)

Ashburn WiMax company scores $20 million in funding

By Zachary A. Goldfarb Ashburn-based DigitalBridge Communications is set to announce tomorrow $20 million in venture capital from several local investment firms. DigitalBridge is bringing WiMax--a high-speed, long-range wireless network--to small- and medium-sized cities around the country. The company's service is already available in Rexburg and Pocatello, Idaho; Missoula, Montana;...

By Zachary Goldfarb | January 14, 2008; 12:27 PM ET | Comments (0)

Wireless Startup Announces $1 Million in Funding

A Reston wireless services company that specializes in location-based services announced today a $1 million investment from several notable names in the Washington business community. SquareLoop's service sends information to a mobile phone based on one's location. If users sign up for the service through their wireless provider, they can...

By Mike Shepard | December 17, 2007; 12:20 AM ET | Comments (1)

ComScore Cancels Stock Sale, Citing Market Conditions

From the Associated Press ComScore, which provides data and research about online consumer behavior, said today it has canceled its proposed underwritten public offering of 6.1 million shares, citing unfavorable market conditions. On Friday, the Reston company applied with the Securities Exchange Commission to withdraw its registration statement for the...

By Mike Shepard | November 26, 2007; 11:41 AM ET | Comments (0)

AOL Software to Help Redskins Fans Connect

The Washington Redskins have turned to AOL for a little help in tapping the social networking phenomenon that's sweeping the Internet -- just in time for this Sunday's kickoff against Miami. Under an agreement announcd this afternoon, AOL will operate a service called Redskins Connect on the team's official Web...

By Mike Shepard | September 5, 2007; 08:19 PM ET | Comments (0)

Evolve Technologies Adds Clients, Customers

Evolve Technologies, a Fairfax-based information technology consulting firm, announced today the addition of six new employees and 40 new clients through the acquisition of the customer base and workforce of Syntegrity Network, another information technology firm, also based in Fairfax. In to the workers added through the Syntegrity deal, Evolve...

By Mike Shepard | August 14, 2007; 11:15 AM ET | Comments (0)

Alion Acquires Iowa-Based Logistics Firm

Alion Science and Technology Corp., a McLean-based company that provides technical support to government and private sector organizations, announced the acquisition of LogCon Group, an Iowa-based firm that specializes in ammunitions logistics. The terms of the deal were not disclosed. See Alion's statement regarding the transaction. LogCon Group has developed...

By Mike Shepard | August 13, 2007; 07:38 PM ET | Comments (0)

Lunch With the Head of the NVTC

It's only noon and Bobbie Greene Kilberg, president of the Northern Virginia Technology Council, has already had a full day. She was up until 2 a.m. the night before, preparing for a remodel of her McLean home. Then, on just a few hours sleep, she was rushing to moderate...

By Mike Shepard | July 20, 2007; 04:12 PM ET | Comments (0)

Carlyle Buys Annapolis Firm

The private equity acquisition spree continues: Carlyle Group announces today it is buying ARINC, an Annapolis firm that specializes in aviation and other transportation communications. Here's the report from the AP: Details of the acquisition by the private equity firm were not released, but the airlines that hold 90 percent...

By Dan Beyers | July 5, 2007; 11:51 AM ET | Comments (0)

ICF International Buys Rockville Tech Firm

ICF International of Fairfax is buying Rockville's Z-Tech Corp. for $27 million to help better position the government tech consultant in the market for health information. Z-Tech, which employs about 200 people, provides software engineering, Web design and development, and scientific computing services in support of federal health agencies. In...

By Dan Beyers | June 29, 2007; 02:40 PM ET | Comments (0)

New Chief of Strategic Planning at Sprint Nextel

Sprint Nextel today named former BellSouth executive Keith Cowan as its president of strategic planning and corporate initiatives. Cowan will report directly to Sprint chief executive Gary Forsee and oversee efforts that include a joint cable venture and 4G Mobile Broadband, the company said in a statement. Sprint also announced...

By Mike Shepard | June 27, 2007; 12:00 PM ET | Comments (0)

Rick Harris To Head Md. Tech Alliance

The Tech Council of Maryland/MdBio named Rick Harris as executive director of the Tech Alliance, one part of the recently merged TCM/MdBio. Harris will be responsible for the daily management, membership recruitment, event promotion and fundraising activities for the Tech Alliance, which serves the advanced technology community. The council is...

By Dan Beyers | June 25, 2007; 01:27 PM ET | Comments (0)

 
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