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| Business Intelligence for Virginia's Entrepreneurial Economy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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In This Issue... Expansions, Relocations & Launches, Who's Winning Business, Deal Makers, Innovations, People, Trends, Other News, Commentary, Employment, Events, Click here to forward to a friend or colleague who might like this newsletter. |
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| Back To Top | Expansions, Relocations & Launches  |
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Sponsors:
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Pearson to Invest $5.6 Million in Chesterfield RICHMOND--Pearson Government Solutions will invest $5.6 million to open a government services call center in Chesterfield County, creating up to 800 new jobs by the end of the year. The facility will provide support for the 1-800 Medicare Helpline. Arlington-based Pearson will hire between 220 and 250 people in the short-term, expanding the workforce up to 800 during periods of peak demand. More. Cloakware Moves from Canada to Northern Virginia VIENNA--Cloakware Inc., a developer of anti-piracy solutions, has moved its worldwide headquarters from Ottowa, Canada, to Vienna. The move comes in response to a "sharp increase" in demand by U.S. clients to protect licensed digital content, corporate information assets and confidential information. While maintaining facilities in Ottowa, Cloakware also is establishing an R&D facility in Glenwood, Md. More. Pixia Corp. Forms Pixia Federal Inc. to Serve Government Markets STERLING--Pixia Corp., a developer of rapid image access technology, has formed Pixia Federal, Inc., a subsidiary headquartered near Fort Meade, Md., to develop groundbreaking solutions for the defense and intelligence communities. Pixia's digital imaging technology enables real-time access, display, and roaming of massive high-resolution imagery and video. Said Pixia Federal CEO Phoebe Allen: "Pixia Federal offers real-time situational awareness to planners and warfighters by seamlessly fusing information from disparate sources." More. In Brief... JONESVILLE--KCG Call Centers, LLC, a Florida consulting firm specializing in call centers, will invest $1 million to open a customer service center in Lee County, bringing 100 jobs to the region. More. NORFOLK-Heritage Bankshares, Inc. a community bank with four branches in Norfolk and Chesapeake, has leased office space to open its first branch in Virginia Beach. More. |
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| Back To Top | Who's Winning Business... |
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Partners: 
The Boomer Project 
National Association of Women Business Owners 
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Interealty Lands Two MLS Clients VIENNA--Interealty, a provider of Multiple Listing Service systems, has signed three-year contracts with major real estate organizations in central Florida and Rhode island to use MLXchange, its Web-based multiple listing service automation technology. The contracts are expected to yield a total of $6 million. Said Director of Product Management Rich Paulson: "Features like the new Comparative Market Analysis module and online report editor make it easier than ever for Realtors to customize their services and truly stand out from the crowd." More and more. Telarix Deploys iXTools at MCI VIENNA--Telarix, Inc., a provider of Interconnect Business Optimization software, has completed the first two phases of its iXTools deployment at MCI to manage the telecommunications carrier's international interconnect business and to more cost-effectively route calls across its global network. iXTools, a suite of software modules, gathers interconnect business event and service transaction data, including call detail records, rate offers, quality, and capacity information. More. In Brief... FAIRFAX--Argon ST, Inc. has won a $73.5 million contract from Lockheed Martin to design, develop and integrate a sensor sub-system for the Aerial Common Sensor, which will replace the U.S. military's current Intelligence, Surveillance, Reconnaissance aircraft. More. FAIRFAX--ManTech International Corporation has received two task orders under the U.S. Army Space Technology Applications and Research Support (STARS) contract with a total value of $19 million. More. FAIRFAX--Anteon International Corporation has won a contract potentially worth $10.6 million over five years to provide scientific and technical support to Military Operational Medicine Research Program. More. DULLES--Orbital Sciences Corporation has been awarded a launch services contract by the U.S. Air Force involving two new small launch vehicles to serve the U.S. military's need for responsive space launch capabilities. More. RESTON--SI International, Inc. has been awarded a three-year, multi-million dollar contract to help the National Security Agency provide training for a new financial management system. More. ASHBURN--Airak, Inc., a developer and supplier of optical sensors and systems, has been awarded a $1.2 million dollar contract by the U. S. Navy to provide ship-wide monitoring of mission-critical electrical systems and power plants. More. CHARLOTTESVILLE-Intalgent, an IT systems consultant, has devised an IT solution for Fisher-Titus Medical Center, in Ohio, to migrate one million patient records from a legacy Siemens Medical Solutions system to a proprietary system. More. VIRGINIA BEACH--Mythics, Inc., Oracle value-added reseller, has been awarded the South Carolina ITMO State Term Contract for Oracle Core Technology Database Products. More. |
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| Back To Top | Deal Makers |
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LifePoint to Pay $210 Million for Danville Regional Medical Center DANVILLE--LifePoint Hospitals, Inc., a Tennessee-based chain of 50 hospitals, has agreed to acquire Danville Regional Medical Center and related assets. DRMC, a 350-bed hospital with annual revenues of approximately $180 million, serves residents of the Dan River Region. The Danville hospital will be the company's largest acquisition to date. An estimated $200 million will be used to form a foundation benefiting the health, education and welfare of residents of Danville, Pittsylvania County and Caswell County, N.C. More. ManTech to Acquire Gray for $100 Million in Cash FAIRFAX-Expanding its reach in the homeland security and intelligence markets, ManTech International Corporation has agreed to acquire Alexandria-based Gray Hawk Systems, Inc., for $100 million in cash. Gray Hawk generated 2004 revenues of approximately $70 million, with estimates of $90 million in 2005. More than 90 percent of the company's 500 employees have security clearances. Said ManTech COO Robert A. Coleman: Gray Hawk Systems capabilities round-out ManTech's skills in the end-to-end, intelligence information processing cycle, and gives ManTech access to new markets in national defense agencies, which we believe will become increasingly important as the Intelligence Reform Act of 2004 continues to unfold." More. Edelman Financial Sells Majority Stake to Houston Firm FAIRFAX--Sanders Morris Harris Group Inc., Houston-based financial services company, has purchased a 51 percent interest in the Edelman Financial Center and will acquire the balance over four years. Edelman, an independent financial planning and investment management firm based in Fairfax, manages more than $2.6 billion in assets for individuals and families. The firm's 2004 revenues were $17.7 million, with adjusted pre-tax income of $3.2 million. More. epipeline Acquires B2GSource HERNDON--epipeline, an online source for federal contracting research and business intelligence, has acquired Austin-based B2Gsource, a provider of state and local government contracting opportunities. The addition complements epipeline's research capabilities and expands its reach to government procurement markets from Washington, D.C., to town halls and state capitals across the country. Said epipeline CEO Tim Walsh: "We will be leveraging our respective capabilities and technologies to provide our customers with a seamless single point of contact to access federal, state and local government bid information." More. Cardinal to Acquire Wilson/Bennett Capital Management TYSONS CORNER--Cardinal Financial Corporation, a financial services company serving Northern Virginia and Fredericksburg, has agreed to acquire Alexandria-based Wilson/Bennett Capital Management, Inc. for approximately $6.6 million in cash and stock. With $227 million in assets under management, Wilson/Bennett generated $1.4 million in 2004 revenues. The principle owner is John W. Fisher, a member of the board of directors. More. |
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| Back To Top | Innovations |
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Network Solutions to Issue Internet Security Certifications HERNDON--Network Solutions, a provider of domain name registrations and other Internet services, has introduced SSL (Secure Sockets Layer) Certificates that create a powerful encrypted link between a website and a consumer's browser, allowing for secure online transactions. Said CEO Champ Mitchell: "Recent headlines report growing online security failures. Companies doing business on the Internet know the increased importance in proving to their customers their site is secure. Our SSL services include a rigorous validation of a company's credentials. So when consumers see the Network Solutions' secure site seal, they enjoy peace-of-mind and confidence in the merchant." More. VCU Gains Approval for Homeland Security B.A. RICHMOND--Virginia Commonwealth University has received state approval for a Bachelor of Arts degree in homeland security and emergency preparedness, making it the first major research university in the country to offer such a program. The program is designed to teach students theoretical and practical knowledge and skills in preparing for natural disasters, critical system failures and terrorist attacks. More. VitalSpring Unveils New Healthcare Management Solutions MCLEAN--VitalSpring Technologies, a developer of health benefits performance software, has re-launched its technology platform with solutions to meet the needs of Benefits and Finance executives taking a more aggressive role in managing health benefits. The integrated solutions provide employers with visibility into all metrics related to the health benefits supply chain. More. Cadmus Launches dPub Upgrade RICHMOND--Cadmus Communications Corporation, a developer of content management solutions, has released version 3.0 of its dPub digital edition solution for publishers of medical and scientific journals. dPub enables publishers to augment the editorial value of their content and deliver innovative features for advertisers with internal and external linking, searchability, and embedded multimedia files for greater impact. More. In Brief... ARLINGTON--Group Logic, developer of network workflow software, will release product updates for its ExtremeZ-IP File and Print Server 4.0.4 applications to be compatible with Apple Computer's new Apple's new "Tiger" operating system. More. Internet Mail Manager Upgrades Email Creation Interface RICHMOND, VA--May 11, 2005 --Internet Mail Manager, an email marketing company, has announced an upgrade to its email creation software. Experiencing rapid growth of its client base in 2004, Internet Mail Manager has re-designed the user interface of its HTML editor to make it easier for users to compose and customize their own e-mail. The new user interface allows marketers to use their creativity and vision to form robust online marketing campaigns without getting bogged down by complicated technology. More. |
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| Back To Top | People |
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AES Expands, Reorganizes Senior Executive Team ARLINGTON--The AES Corporation, a power-generating company, is expanding its leadership team in conjunction with a reorganization of the company from divisions based on business lines to entities based on geographic regions. Reporting to CEO Paul Hanrahan, each of four regional vice presidents will oversee operations in North America, Latin America, Asia, and Europe/Africa/Middle East. More. In Brief... CHANTILLY--Mobile 365, a developer of mobile messaging and data services, has appointed Joseph Kuhn CFO; he brings more than 10 years of in accounting and finance for technology-based companies. More. FAIRFAX-In the wake of a financial scandal that left the company in desperate financial condition, portable-computer developer Xybernaut Corporation has received letters from former CEO Edward G. Newman and his brother, former COO Steven A. Newman, submitting their resignations from the board of directors. More. |
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| Back To Top | Trends |
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Chmura Economics & Analytics |
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Employment in Virginia increased 2.2 percent for the twelve months ending with March 2005 compared to a 1.6 percent gain in U.S. employment. With the exception of Danville (-1.1 percent), all of the state's metropolitan areas showed positive job growth over the past year. The strongest growth occurred in Northern Virginia (+4.8 percent), Roanoke (+2.4 percent), and Charlottesville (+2.2 percent). The monthly periodicity of employment data makes it the most timely and encompassing measure of regional economic growth. For details and forecasts of economic conditions across Virginia, as well as a list of Chmura Economics & Analytics (CEA) products and services, click here, or call (804) 649-1107. |
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| Back To Top | Other News |
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Waaah! Sensitivity Alert New Movie Mean to Americans with Food Allergies FAIRFAX-Hollywood's latest offering, "Monster-in-law," is "an insensitive and vindictive portrayal toward individuals with food allergies," charges the Food Allergy & Anaphylaxis Network. In the movie, which ironically debuts during Food Allergy Awareness Week, the Jane Fonda character sets out to derail her son's marriage by serving mashed-up nuts to her unwanted daughter-in-law, played by Jennifer Lopez. Not only does the movie make light of the food allergies, it also sets the stage for "copycat" incidents where kids may think food allergies are funny and imitate Jane Fonda's character - just to get a laugh, says Anne Munoz-Furlong, CEO of FAAN. Food allergies, which kill 150 to 200 Americans each year "are no laughing matter." More. Bisphenol Bottles Bollix Baby Brains! Use Plastic Liners!! NEWPORT NEWS-PBM Plastics, Inc., manufacturers of baby-bottle liners using low-density polyethelene (LDPE), is alerting consumers to the potential dangers of competitive baby bottles using bisphenol-A (BPA). The plastic in competitors' reusable bottles can "impair brain function, causing learning disabilities and age-related neurodegenerative diseases," PDM quotes a Yale University School of Medicine report as saying. Said PBM President Adam Burke: "We manufacture baby bottle liners using LDPE materials. … LDPE plastics do not have the same risks [as BPA plastics]." More. CONSOL Initiates Re-entry Process at Keen Mountain Mine GRUNDY--CONSOL Energy Inc. has initiated the re-entry process at its Buchanan County mine, and expects to start the ventilation fans over the May 14-15 weekend. The mine at Keen Mountain has been sealed since mid-February when a cave-in behind the longwall mining equipment ignited methane that is believed to have started a fire underground. Readings from monitors at airshafts and boreholes indicate there is no active fire and the mine atmosphere is inert. The mine employs more than 400 people and produces 4.4 million tons of metallurgical-grade coal per year. More. |
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| Back To Top | Commentary |
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Too Many Ex-Governors What a waste. You give a governor expensive, on-the-job training and he's gone in four years. Then what does he do with himself? More. |
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Antidotes Land use myths are propagating like a virus: Find a cure for one, and new mutations multiply. Here, we offer three approaches for quarantining these bad ideas. The superficial political wangling that heralds fall elections in Virginia is heating up. During this period you will note an order-of-magnitude jump in the propagation of statements supporting the common myths that lead to dysfunctional human settlement patterns. Like pathogens which mutate and become drug resistant, the fragments of thought that support, reinforce and maintain debilitating myths continue to evolve. This is why it is essential to treat the generation of sound bites and silly statements that perpetuate myths just as the medical profession attacks contagious viruses. More. |
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| Back To Top | Employment |
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| Back To Top | Events |
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Hosting an event? Post the details in our weekly events listing. Click here for our listing guidelines. |
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VA Newswire is a free, email-based weekly newsletter that covers news and events from around the state. If you have any news, events, job openings, or office space availability that you would like to include in next week's newswire, email jim@vanewswire.com. Click here for a free subscription. Click here to unsubscribe. |
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