Leading Technology Businessman to be Honored at 14th Annual Awards Gala on June 9

HERNDON, Va., May 5 /PRNewswire-USNewswire/ -- The Northern Virginia Technology Council (NVTC) announced today that Ted Leonsis is the recipient of the 2010 Michael G. Devine Hall of Fame Award.  Now in its 14th year, the Hall of Fame award is presented to a leader who has made a significant contribution to the Greater Washington region's technology business community. The award will be officially presented to Leonsis at the Greater Washington Technology CFO Awards June 9 at The Ritz-Carlton in McLean, Va.

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During Leonsis' 14-year career with AOL, including as Vice Chairman and also as President of several AOL business units, the company enjoyed its greatest periods of growth and financial success. He now serves as AOL's Vice Chairman Emeritus. Leonsis is also Chairman of Revolution Money, a Web 2.0 payment platform and credit-card service, and Clearspring Technologies, a fast-growing widget syndication and social media company based in Tysons Corner, Va.

Leonsis is Chairman and majority owner of the Washington Capitals and Washington Mystics, through Lincoln Holdings LLC, which he founded. In a deal announced in April, Leonsis and Lincoln Holdings will soon take over full ownership of the Washington Wizards and Verizon Center. During Ted's tenure as majority owner of the Capitals, the team has won five division titles and recorded the second-most points in franchise history.

"Having launched and led several major technology businesses, Ted Leonsis is a pioneer of the technology community," said Bobbie Kilberg, President and CEO of NVTC. "On behalf of NVTC, we are pleased to honor Ted for his accomplishments and his involvement, caring and leadership in our community."

Leonsis conceptualized and produced "Nanking," a documentary film that made its world premiere at the 2007 Sundance Film Festival where it won the Documentary Editing Award and where he coined the phrase "Filmanthropy" to describe a new category of filmmaking that activates discussion as well as new volunteers and new funds that benefit a social cause. As a philanthropist, Leonsis is very involved with numerous charities, including Best Buddies, See Forever Foundation, Youth Aids and others through the work of the Leonsis Foundation. He has been named Washington's Businessman of the Year, a Washingtonian of the Year, one of the 20 most influential people in sports, one of America's most creative executives and a top 10 entrepreneur of the year.

To learn more or to register for the Greater Washington Technology CFO Awards Banquet, visit http://www.nvtc.org/events/geteventinfo.php?event=CFOAWD7.  

The Northern Virginia Technology Council (NVTC) is the membership and trade association for the technology community in Northern Virginia. As the largest technology council in the nation, NVTC serves about 1,000 companies from all sectors of the technology industry, as well as service providers, universities, foreign embassies, non-profit organizations and governmental agencies.  Through its member companies, NVTC represents about 200,000 employees in the region.  NVTC is recognized as the nation's leader in providing its technology community with networking and educational events; specialized services and benefits; public policy advocacy; branding of its region as a major global technology center; initiatives in targeted business sectors and in the international, entrepreneurship, workforce and education arenas; the Equal Footing Foundation, a 501(c)(3) nonprofit charity that serves local area youth; and The Entrepreneur Center @NVTC which mentors new technology entrepreneurs. Visit NVTC at www.nvtc.org.

SOURCE Northern Virginia Technology Council

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