Potomac Tech Wire - Nov. 18
Booz Allen to Relocate Headquarters from McLean to Reston
o Booz Allen to Relocate Headquarters from McLean to Reston
o Reston-based Quantum Lending Closes on $400 Million
o Gannett Changes Name to USA Today
o Herndon-based ShorePoint Receives Investment From CM Equity
o College Park-based IonQ Continues Expansion with Deal for Skyloom
o National Harbor-based Health Prime Names Lisa Collins as CEO
o Briefly Noted: Tidal Cyber, ID Dataweb, Spire Global
Booz Allen Hamilton to Relocate Headquarters from McLean to Reston
McLean, Va. – Booz Allen Hamilton, the large management and technology consulting firm, said on Monday it will relocate its corporate headquarters from McLean to a new, smaller facility in Reston in the fall of 2027. The company said the move to The Row at Reston Station will help streamline operating costs while providing more amenities and flexible workspaces. The company’s current office at 8283 Greensboro Drive in McLean will be decommissioned in 2028.
“Our new headquarters will provide our people, partners, and customers with upgraded resources to build the technologies that support national missions while rightsizing our facilities footprint,” said Kristine Martin Anderson, the COO of Booz Allen.
Reston-based Quantum Lending Closes on $400 Million
Reston, Va. – As it launches an enhanced AI-based platform, Quantum Lending Solutions, the developer of decision-making infrastructure for lenders, announced the closing of a $400 million funding round. The round included a warehouse line with an initial commitment of $250 million, along with corporate debt and equity financing. The funding was led by an unnamed private credit firm, with debt participation from ATLAS SP Partners and equity investment from LL Funds. Quantum, which has developed lending infrastructure for financial institutions and platforms, was formed two years ago through the merger of Fundation, Camino Financial, and a group from Amount.
“Quantum has grown significantly in recent years as we expand to meet the demand of banks and technology platforms looking to extend responsible long-term credit to their customers,” said Mickey Konson, CEO of Quantum. “We see this trend accelerating as we launch our recently rebuilt AI-based platform into the market.”
Gannett Changes Name to USA Today
McLean, Va. – Gannett, the New York-based media company formerly based in Virginia, has officially changed its name to USA Today. The company’s stock ticker is now trading on the NYSE as TDAY. Gannett and USA Today, which moved out of Tysons in 2024, were once cornerstones and major employers in the DC region’s media industry.
Herndon-based ShorePoint Receives Investment From CM Equity
Herndon, Va. – ShorePoint, a Herndon-based cybersecurity company focused on the federal government, announced that it has received a strategic investment from CM Equity Partners, an investment firm focused on the federal market.
“We made this decision to ignite our growth and seize opportunities in this rapidly evolving market,” said Matt Brown, co-founder and CEO of ShorePoint. “With CM Equity Partners, we found a partner with decades of experience supporting companies in the federal marketplace. Together, we will be focused on rapidly accelerating our business.”
College Park-based IonQ Continues Expansion with Deal for Skyloom Global
College Park, Md. – Continuing its rapid growth trajectory, College Park-based quantum computing company IonQ said it will acquire Colorado-based Skyloom Global, a developer of optical communications infrastructure that enables high-speed data links across land and in space. Financial terms of the deal were not disclosed. Founded in 2017, Skyloom focuses on building terminals for both satellite-to-satellite and satellite-to-ground laser communications. IonQ said that adding the company’s optical networking systems will boost data throughput by up to 500 percent and reduce latency for critical applications. This deal also follows the company’s recent acquisitions of Qubitekk, Capella Space and Lightsynq, as well as its majority stake in ID Quantique.
“This acquisition marks a pivotal acceleration for IonQ by adding high-bandwidth optical link capabilities to our global quantum platform,” said Niccolo de Masi, the chairman and CEO of IonQ. “Skyloom’s technology expands IonQ’s total addressable market while increasing downlinking speeds for our existing offerings.”
National Harbor-based Health Prime Names Lisa Collins as CEO
National Harbor, Md. – Health Prime, a National Harbor-based developer of revenue cycle management technology for physician groups, has named Lisa Collins as its new CEO. She succeeds Pranil Vadgama, who departed the company in June following more than four years at the helm. Collins most recently served as the CEO of Optum, and previously was a senior vice president at Cerner and a managing director at Accenture.
Briefly Noted
(Reston, Va.) Reston-based Tidal Cyber, developer of a cybersecurity defense platform, has named Damian Apone as a board advisor. Apone currently serves as the global director of governance, risk and compliance at Genuine Parts Co. (GPC).
(Centreville, Va.) Centreville-based ID Dataweb, a developer of identity threat detection and risk mitigation technology, has named Mark Tringale as its inaugural chief revenue officer. Tringale most recently served as the vice president of sales at Aquera, and previously managed sales at BMC Software, RSA Security, Pindrop, Checkr and Sprinklr.
(Vienna, Va.) Vienna-based Spire Global, a provider of space-based data, analytics and space services, has named Shawn Mechelke as its general manager of weather and climate. Mechelke, most recently president of the aviation vertical at AFV Partners, will now oversee the company’s weather and climate business, including its meteorologists and data scientists.