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| Business Intelligence for Virginia's Entrepreneurial Economy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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In This Issue... Expansions & Relocations, Who's Hot, Who's Winning Business, Deals & Partnerships, Innovations, Partnerships & Collaborations, R&D / Intellectual Property, Trends, Commentary, Events Click here to forward to a friend or colleague who might like this newsletter. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Expansions, Relocations & Launches   | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sponsors:  Legal Services  Investment banking  Email Marketing Experts Partners:  Virginia FREE  National Association of Women Business Owners |
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Lockheed Martin Breaks Ground on New Virginia Facility CHANTILLY--Lockheed Martin has commenced construction of a new office building in Chantilly, Stonegate II, which expands the company's operations in support of the defense and intelligence communities. The six-story, 145,000-square-foot building will house approximately 600 employees. Work performed there will include space and terrestrial communications, signals, systems engineering and analysis, modeling and simulation, and enterprise integration for Intelligence Community customers. More. Merillat Creates 150 Jobs in Shenandoah County MOUNT JACKSON--Merillat, Inc., manufacturer of kitchen and bath cabinets, will invest $16 million to expand its Mount Jackson facility. The expansion, which will create 150 new jobs, is the company's third Virginia expansion in less than two years. The Michigan company distributes its cabinets throughout North America. More Auto Parts Company Expands in Botetourt BOTETOURT--Dynax America Corporation, a Japanese auto parts manufacturer and North American subsidiary of Exedy Corporation, will invest $11.7 million to expand its existing facility in Botetourt County's Eastpark Commerce Center. The company will create 52 new jobs. Said President Koji Akita: "The Roanoke Valley's strategic location, the quality of the workforce and the local infrastructure were also critical factors in the decision to increase our investment in Botetourt County." More. SNL Buys New HQ Building for Indian Operations CHARLOTTESVILLE-SNL Financial, a provider of news, data and analysis for the financial information marketplace, has purchased a building in Ahmedabad, India, to serve as the headquarters for its Indian subsidiary. Since beginning operations in 2003, SNL's Indian staff has grown to 150 employees. The new facility has room to accommodate up to 375 employees in a single work shift. More. OnSite E-Discovery Sets up Processing Center in Stuttgart ALEXANDRIA--OnSite E-Discovery, an e-discovery and forensics firm serving law firms and corporations, has opened an electronic discovery processing and data center in Stuttgart, Germany. The addition of 80 servers, capable of housing more than 1,000 terabytes of data, will support the company's global response team. More.  Royal Reception XISave the date: June 23 to 25, 2006. Culinary Delights. Romantic Sights. City of Lights. Join Nemacolin Woodlands as it travels from London to the chic streets of Paris on one magical weekend. Featuring entertainment of royal proportions - Harry Connick, Jr., Earth, Wind & Fire, Cirque Troupe and Robin Leach. Packages start at $1,440 per person. Click here to find out more | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Who's Hot... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Searchable Business Database  Virginia Technology Alliance
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ANGLE Raises $14 Million through Stock Offering VIENNA--ANGLE plc, an international venture management and consulting company, has raised $14 million through a follow-on stock offering. ANGLE, which specializes in commercializing technology through start-up ventures, will use the funds to create new information technology, biotech, health care and life science companies. The company, which is headquartered in the United Kingdom, maintains its North American headquarters in Vienna as well as an office in Charlottesville, among other U.S. locations. More. Business Intelligence... Actionable... When You Need it... Do you know what your competitors are doing - or are you a step behind? Do you know what new technologies and business models might impact your business - or will you be caught napping? Do you know when your prospects are ripe for buying your product or service - or will someone beat you to them? VA Newswire is offering a new product - market intelligence packaged in a newsletter format and customized for you... the information you need, and no more. No white noise, no chaff. Our editors do the work for you. For more information about our business intelligence services, click here. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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In Brief... ARLINGTON-The Mills Corporation, a developer of retail shopping malls, has laid off another 70 people, bringing the total headcount reduction made in the last 90 days to about 160. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Who's Winning Business... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 AeroAstro to Help Build DoD Test SatellitesASHBURN--AeroAstro, Inc., a developer of small satellites, will design and build the spacecraft bus and provide integration, launch and mission operations support under a six-year contract with Ball Aerospace & Technologies Corp., which won a $110 million contract for the defense department's Space Test Program Standard Interface Vehicle. The contract supports procurement of up to six small, low-earth-orbit satellites to fly space experiments. More. Lockheed Martin to Upgrade Canadian Submarine Technology MANASSAS-Lockheed Martin has won a contract from the Canadian Department of National to begin refreshing technology in the Submarine Fire Control Systems deployed in Victoria class submarines. The modernized weapon control interface will allow the Canadian Navy to launch and control a mixed weapons load, including different versions of the Mk 48 torpedo. More. Telos to Automate Morale Calls for Air Force Personnel Overseas ASHBURN-Telos Corporation has won a contract potentially worth $3.5 million to implement and maintain the Automated Health and Morale System that will allow United States Air Force personnel to make faster, more efficient health, morale and welfare (HMW) phone calls. Currently, HMW calls for deployed personnel are handled manually by operators. The new system will automatically identify and authenticate morale callers, and control the time and frequency of morale calls. More. decision/analysis to Design ID System for Indonesian Seafarers FAIRFAX--decision/analysis partners LLC has won a contract from the Government of Indonesia to help design a Seafarers Identification Document System for Indonesia. Said Dr. Endang Sulistyaningsih, an Indonesian government official: "The development of the Seafarer Identification Document System will put Indonesia at the forefront of maritime security and will enhance the marketability of our sailors worldwide." More. NoVa Firm to Teach San Francisco a Thing or Two about Economic Development FAIRFAX--ICF Consulting has been hired by the City of San Francisco, Calif., to help develop the city's first economic development strategy. The focus will be on identifying and developing industries that have the potential to establish good jobs aligned with the education and skills of San Francisco's residents. Development of the plan comes as the city recovers from the boom and bust of the technology market during the dot-com era. More. In Brief... MCLEAN--Alion Science and Technology has won a $19.4 million contract from the Environmental Protection Agency to provide technical services at the EPA Region Science and Technology Center. More. FAIRFAX--ManTech International Corporation has been awarded a follow-on contract potentially worth $5.42 million over five years from the Naval Supply Systems Command in Norfolk. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Deal Makers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Media General to Spend $600 Million for Four NBC Stations RICHMOND--Media General, Inc., has agreed to purchase four NBC-owned and -operated television stations from NBC Universal in a cash transaction valued at $600 million. The stations are located in Raleigh, N.C., Columbus, Ohio, Birmingham, Ala., and Providence, R.I. The purchase represents a marked departure from the company's strategy of focusing operations in the Southeastern U.S., preferably in markets that overlap with newspapers where the company's television-print-Internet convergence strategy could come into play. Said CEO Marshall N. Morton: "This transaction is compelling from both an operational and financial perspective. The NBC properties we are purchasing are strong stations in cities with attractive growth prospects. ... While the Columbus and Providence stations ... are outside the Southeast, our station portfolio will benefit from their strength in audience and revenue share and from their position in growing, larger-market DMAs." More. Sunrise to Collect $90 Million from Contract Cancellation MCLEAN--Sunrise Senior Living, Inc., an operator of senior living facilities in North America and Europe, will receive $90 million from Five Star Quality Care, Inc., for the exercise of Five Star's contractual rights to cancel 10 management contracts. The buyout is not related to Sunrise's performance at any of the communities. More. Alpha Natural Resources to Buy Kentucky Coal Assets ABINGDON--Alpha Natural Resources, a major Appalachian coal producer, has agreed to acquire coal mining operations in eastern Kentucky from Progress Fuels Corp., of Raleigh, N.C., for $23 million, plus adjustments and assumption of $8 million in mine reclamation liabilities. The properties own roughly 73 million tons of steam coal reserves, producing three million tons in 2005. Said CEO Michael J. Quillen: "This acquisition will more than double our reserve base in eastern Kentucky." More. Primary Integration Buys Colorado Distributed Energy Business HERNDON--Primary Integration, a technology, engineering and energy services company, has acquired the distributed-energy business of Colorado-based Encorp through an asset acquisition. Encorp's products improve power reliability and help reduce the overall cost of energy through demand-response applications. More. Cadmus Acquires Last Chunk of KnowledgeWorks RICHMOND--Cadmus Communications Corporation has purchased the remaining 20 percent of KnowledgeWorks Global Limited, boosting its ownership to 100 percent of the content-services business. KGL, which has operations in Mumbai and Chennai, India, was formed in 2003 as a joint venture with DTL, a business- process outsourcing services provider in India. KGL provides content-processing, content-management and related services to scientific, technical and medical scholarly and educational publishers globally. More. SwiftSure Sold to California Firm ALEXANDRIA-The SwiftSure Group, a specialist in wireless interoperability for public safety applications, has agreed to a buyout by CyberTel Capital Corporation, of San Diego, Calif. Said SwiftSure CEO Bruno Riegl: "Interoperability is recognized as a critical need in communications at nearly all levels of government and commerce. Our solutions effectively link otherwise disparate systems into a seamless communications network between multiple agencies and levels of emergency support." More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Innovations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Parallells Introduces Virtualization Software for Macs HERNDON--Parallels has commenced beta testing for Parallels Workstation 2.1 for Mac OS X, the first software that gives Apple users the ability to simultaneously run Windows, Linux and other applications alongside Mac OS X on an Intel-powered Apple computer. Said Benjamin Rudolph, Parallels Marketing Manager: "Parallels ... gives Mac users a viable virtualization solution that will let them embrace widely-used operating systems like Windows and Linux without having to give up the power, usability and familiarity of their Macintosh." More. There Goes the Rain Forest RICHMOND-Archadeck, the largest deck-building company in the United States, is promoting Ipe (pronounced ee-pay), a dense hard wood from South American that resists cupping, splintering and twisting, as a premier decking material. Also called ironwood, Ipe does not shrink like pressure-treated lumber, and should last more than 25 years. "Many homeowners we talk to are initially interested in composite materials and don't know much about Ipe," says Ed Repak, director of construction and drafting. "But when we start talking about it, they become very interested in it." More. Type80 Rolls Out Security Software for Big Iron ALEXANDRIA--Type80 Security Software, a developer of intrusion detection and response software for the IBM mainframe, has released Type80 Syslog, a real-time security event-monitoring solution for the IBM z/OS operating system. Despite years of predictions that the mainframe would die, the company asserts, "Big Iron" remains one of the most critical components of many federal agency and Global 1,000 IT infrastructures. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Partnerships & Collaborations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Clarabridge Partners with Inxight FALLS CHURCH-Clarabridge, a developer of text-mining software, is partnering with Inxight Software, of Sunnyvale, Calif., a provider of enterprise software solutions for information discovery, to integrate and jointly market the Inxight SmartDiscovery suite with the Clarabridge Content Mining Platform. The combined solution transforms text in unstructured documents -- contracts, filings, forms, call center notes, medical records, insurance claims and emails - into structured data that can be readily understood and analyzed. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | R&D / Intellectual Property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Wahoos Devise New Tool to Attack Brain Cancer CHARLOTTESVILLE-Two University of Virginia professors have developed a specialized catheter capable of delivering cancer-fighting drugs to precise spots in the brain. George T. Gillies and Joseph A. C. Humphrey, in partnership with William Broaddus at Virginia Commonwealth University, developed the technique as a way to circumvent the blood-brain barrier, which thwarts traditionally delivered drugs from reaching the brain. The double-tube catheter has three microcoils at the tip that enable it to be guided magnetically to a specific location. More. Hokies Study Tomatoes BLACKSBURG--A researcher at the Virginia Bioinformatics Institute at Virginia Tech is developing a database and computational tools to help scientists learn more about how certain genes in tomatoes affect the fruit's flavor and nutritional value. Said Harry Klee, a horticultural scientist and chief investigator: "The development of this database will allow researchers the world over to develop and test hypotheses regarding the regulation of flavor, nutrition and quality metabolites in edible crop tissues." More. In Brief... FALLS CHURCH--Raytheon Company has successfully simulated simultaneous command and control of two unmanned air vehicles (UAV) and an unmanned surface vehicle from a single common control system. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 Chmura Economics & Analytics |
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 Virginia unemployment.. The unemployment rate has trended downward for both Virginia and the United States since mid-2003. In February, the state unemployment rate stood at 3.0 percent, the second-lowest rate in the nation, while the national unemployment rate rested at 4.8 percent. Virginia's unemployment rate in February was the lowest since April 2001. 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. Hey, I Thought All Those Jobs Were Going to Bangalore ALEXANDRIA-Employment of IT workers over the past six months has increased by 47,100 nationally, according to the National Association of Computer Consultant Businesses (NACCB). That represents year-over-year growth of 2.7 percent. Said Mark Roberts CEO: "The demand for IT professionals reflects the overall strength of the economy and the continuing desire of businesses to invest in productivity enhancing technologies." More. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Other News | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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New Virginia Law Simplifies Telephone Taxes RICHMOND--Gov. Timothy M. Kaine has signed legislation that updates and simplifies the state's complex system of communications taxes. Virginia's citizens currently pay the nation's highest rate of combined state and local communications taxes for their telephone service -- averaging 30 percent, more than twice the national average. The new law reduces that rate by eliminating four existing communications taxes and replacing them with a low, five-percent rate across the board for all communications services. More. Godspeed to Tour East Coast Cities WILLIAMSBURG--The story of the nation's birthplace will come to life for hundreds of thousands of Americans as the 17th-century replica ship Godspeed embarks in May on an 80-day goodwill sail to six major cities on the East Coast. The newly commissioned re-creation of one of the three ships, which helped establish Jamestown as America's first permanent English settlement in 1607, will be accompanied by a "Landing Party Festival," offering families, students and visitors a glimpse into early 17th-century America. More. K-VA-T Implements Supply Chain Software ABINGDON-K-VA-T Food Stores has implemented a TeleFuel Internet software solution to streamline and manage the fuel replenishment process at its 43 locations with gas operations. The supply-chain software, developed by Louisville, Ky.-based TelaFuel, electronically processes fuel replenishment orders and optimizes the scheduling of its carriers to better manage petroleum inventories and supply logistics. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Commentary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Where Have I Heard This Before? Tim Kaine says his $1 billion tax increase will help relieve traffic congestion. Sounds uncannily similar to claims made in 1986. More. |
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Getting to Yes Some great values, respect, decisiveness and experience were on display last week. Public officials both state and local eulogized Del. Harry J. Parrish Saturday in Manassas for his public service and for the values, respect and experience that made him a leader. Basketball fans nationwide stood and applauded later Saturday night as the Final Four run of the George Mason University Patriots came to an end in Indianapolis. Gov. Timothy M. Kaine began the week by signing a highly creative transportation agreement with the Metropolitan Washington Airports Authority (MWAA) that will guarantee extension of Metrorail to Dulles Airport. And the data now shows computer chips have surpassed cigarettes as Virginia's number one manufactured export. What does it all mean? More. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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