Teaming up: STG Group, a Reston, Va.-based federal contractor specializing in information technology, agreed to pay about $119 million to acquire McLean, Va.-based Preferred Systems Solutions, a provider of IT services to intelligence and defense agencies.
Getting bigger: The Tysons, Va.based Pentagon Federal Credit Union has absorbed the 22,000member Augusta Metro Federal Credit Union, based in Augusta, Ga. Augusta Metro was formed in 1961 by employees of Continental Can.
Foreign investment: RagingWire Data Centers of Ashburn, Va., said Japan-based NTT Com plans to acquire 100 percent ownership of the company. Financial terms were not disclosed. Also, RagingWire has named its president, Douglas Adams, as chief executive, succeeding founder George Macricostas, who becomes executive chairman.