News feed

Expansion: MicroStrategy, a data analytics firm, has agreed to renew its headquarters lease in Tysons after Virginia offered a $1 million state grant to stay put. MicroStrategy pledged to hire 300 people — bringing its workforce to about 1,100 — and invest $6 million in capital improvements.

Acquisition: Danaher, a Washington-based science-and-technology conglomerate, has reached an agreement to acquire the 1,200-person Iowa life sciences company Integrated DNA Technologies. Financial terms were not disclosed.

Teaming up: Inovalon, a Bowie-based health-care technology company, has agreed to buy Ability Network in a deal valued at $1.2 billion. Ability of Minneapolis sells a software service for handling administrative and clinical tasks.

the buzz

"It's hard to pick up a business paper today and not read about the head winds the housing industry is facing."

S. Cary Dunston, chief executive for American Woodmark, a Winchester-based manufacturer of bath and kitchen cabinets, in a recent conference call with analysts to discuss financial results.