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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 , Research & Intellectual Property , Trends , Commentary , Other , 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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ConceptSolutions Consolidates in Reston RESTON-ConceptSolutions, an IT company serving government, military and commercial clients, has consolidated operations in a new Reston office. Said COO John Krahulec: "ConceptSolutions has maintained two offices growing at different paces - one housing management in shared space, and the other, technical staff in close proximity to a handful of clients. We're pleased to have this move bring our operation under one roof, prepare us for future growth, and enable us to meet the evolving needs of all our clients and partners in the National Capital region." The company, which employs 45, has leased enough space to support staff expansion over the next 12 to 18 months. More. MightyScribe Launched as Journalistic "Sources Bureau" STERLING-Vicki Contavespi, a former Forbes Magazine reporter, has launched MightyScribe, Inc., as a "sources bureau" to connect reporters who cover security, homeland and otherwise, with experts who can provide background, context and analysis. Said Contavespi: "There is so much clutter and noise out there. I'm hoping to help reporters find the sources they need to augment their reporting with thoughtful background and analysis. My roster is filled with people who have years of experience in their respective industries. They will add to the discourse, not to the noise." More BridgeStreet Expands to 13 European Cities ARLINGTON--BridgeStreet Worldwide, a provider of corporate housing, has expanded its global network of accommodations beyond the United States, United Kingdom and France to 13 major cities in Germany, Switzerland, Italy, Sweden, Norway, Denmark, Finland and the Czech Republic. Said President Lee Curtis: "Our European expansion came about in direct response to a growing number of our multi-national clients who seek longer term accommodations of comparable quality to BridgeStreet's U.S. accommodations for their executives traveling overseas." More . In Brief... JAMES CITY COUNTY--James City County has opened its first technology incubator, a 2,300-square-foot facility located in Ironbound Village office complex. More. VIRGINIA BEACH--Zero's Mr. Submarine Inc. has launched an expansion into the minor league baseball field market with the opening of new sub and pizza shops in Myrtle Beach, S.C., and Durham, N.C. More. |
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| Back To Top | Who's Hot...
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Market10 Raises $13 Million in Series B Round MCLEAN--Market10, developer of an online job marketplace, has raised $13 million in its second round of financing. Built by the experts who founded CareerBuilder.com, Market10 deploys "10-Dimensional Matching," which matches the strength, experience and knowledge of qualified candidates with job openings at leading employers. The funding comes on the heels of a successful test in the metropolitan Washington region. More. |
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| Back To Top | Who's Winning Business...
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BearingPoint Helps Texans Order Birth Certificates Online MCLEAN--BearingPoint, Inc., a management and technology consulting firm, has implemented a new service for the Texas Department of State Health Services that allows members of the public to order birth and death certificates online. The job included implementation of a secure identity verification system so that only authorized individuals can order a vital record. More. Agility Installs RFID Solution at St. Francis RICHMOND--Agility Healthcare Solutions, a provider of RFID-enabled resource and workflow management solutions for the healthcare industry, has completed an installation at the St. Francis Medical Center, a new hospital in Midlothian operated by the Bon Secours Richmond Health System. Agility is the first provider to offer a mobile asset management solution designed specifically for the healthcare industry to optimize business processes, monitor and measure cost reductions and identify equipment utilization improvement opportunities. More. VirPack Implements Imaging Solution for GMAC VIENNA--VirPack, a provider of electronic delivery, document management and imaging solutions for the mortgage industry, has implemented its VirPack Direct solution for GMAC Residential Funding, of Minneapolis, Minn. Correspondents can electronically deliver fully indexed loan files to GMAC Residential Funding for purchase review, reducing reduces shipping costs, shortening cycle times and improving process efficiency. More. In Brief... FAIRFAX--ManTech International Corporation has won a subcontract potentially worth $10 million over five years, to provide the U.S. Army Corps of Engineers, Engineering and Support Center in Huntsville, Ala., with electronic security systems to Army bases in the U.S. and overseas. More. MCLEAN--BearingPoint, Inc., has been awarded a three-year, $5.5 million contract to continue providing support to the Centers for Disease Control and Prevention's Financial Management Office. More. HERNDON-Deltek will provide its Deltek Time Collection solution to the research arm of the University of Dayton to automate labor policies and workflow, improve labor distribution, reduce billing cycles, and increase payroll and billing data accuracy. More. CHANTILLY--Blue Ridge Networks has received a five-year blanket purchase agreement with the Executive Office for United States Attorneys to implement a secure, managed VPN supporting up to 14,000 users across 254 offices in the United States and territories. More. ALEXANDRIA--NewVectors LLC, a subsidiary of Altarum Institute, has been awarded a $7.7 million contract that extends and expands the scope of the company's efforts in support of the Department of Defense Business Transformation Agency. More. |
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| Back To Top | Deal Makers
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Mills Closes on $1.9 Billion Refinancing ARLINGTON--The Mills Corporation, a developer of retail destinations, has closed on $1.91 billion of previously announced billion financings with Goldman Sachs Mortgage Company. The proceeds were used to pay off the company's existing line of credit, two term loans, and various construction loans. The remaining funds, approximately $387 million, will be used for working capital and general corporate purposes. More. Focus Sold to Quest for $185 Million HERNDON-Focus Diagnostics, a provider of infectious disease tests, has been purchased by Lyndhurst, N.J.-based Quest Diagnostics Incorporated in a cash transaction valued at approximately $185 million. Excluded from the transaction is Focus Bio-Inova, Focus Diagnostics' pharmaceutical testing operation. Said Quest CEO Surya N. Mohapatra: "Focus Diagnostics has been recognized worldwide for its leadership in infectious and immunologic diseases and its expertise in developing new diagnostics." More. Asset Capital Sells Hollymead Parcels CHARLOTTESVILLE--Asset Capital Corporation, Inc., of Bethesda, Md., has agreed to sell 40.7 acres of its Hollymead asset in Charlottesville for an aggregate purchase price of approximately $42.6 million or $1.05 million per acre. Asset Capital originally purchased Hollymead, a 78-acre parcel, in August 2005 for approximately $668,000 per acre. More. AOL Buys Video Advertising Pioneer DULLES-AOL LLC has acquired Lightningcast, Inc., a Washington, D.C.-based pioneer of broadband video advertising. Founded in 1999, Lightningcast and its 34 employees will report to AOL's Advertising.com subsidiary in Baltimore, Md. Lightningcast's technology platform provides flexible solutions to owners and distributors of broadband video and audio content including seamless ad insertion, campaign management, and reporting. More. Alloy Polymers Acquires Texas Operation RICHMOND--Alloy Polymers, Inc., a manufacturer of thermoplastic compounds, has completed the acquisition of the Texas operations of Ampacet Corporation, of Tarrytown, N.Y. The transaction will bring in new clients, expand the product base, and increase the company's specialty compounding capacity to more than 300 million pounds annually. More. Alion Acquires Micro Analysis & Design MCLEAN--Alion Science and Technology, a technology solutions provider, has acquired Boulder, Colo.-based Micro Analysis & Design, a provider of human factors engineering, modeling and simulation and software development. Said Alion CEO Bahman Atefi: "The acquisition of MA&D enhances Alion's current capabilities in human systems integration, ship design and modeling and simulation." More. Bonaventure Buys Virginia Beach Apartments VIRGINIA BEACH--Bonaventure Realty Group, of Washington, D.C., has acquired Brookfield Apartments in Virginia Beach from S.L. Nusbaum Realty Company, for $24 million. The addition of the 352-unit, 1973-vintage property brings the total of multi-family units owned and managed by Bonaventure in Hampton Roads to nearly 900. More. |
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| Back To Top | Innovations
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Cavalier Rolls Out MPEG-4 Technology in Richmond RICHMOND--Cavalier Telephone & TV, a provider of telecommunications services in the Mid-Atlantic, has launched advanced MPEG-4 technology to deploy TV services over a broadband connection in Richmond, making it the first telcom nationally to deploy the technology. Cavalier's Broadband TV delivers over 150 crystal-clear digital channels including all local network affiliates. The company is bundling the Broadband TV with its voice and broadband internet service for a charge of $95 per month. Said CEO Brad Evans: "We intend to go head-to-head with existing cable and satellite firms showcasing our superior picture quality and network reliability." More. 1Enterprise Launches Emergency Response Solution VIRGINIA BEACH--1Enterprise, a division of Mythics, Inc., has unveiled its flagship product, ERMA (Emergency Resource Manager), a comprehensive and flexible emergency resource management solution. ERMA provides incident commanders and emergency managers comprehensive resource accountability and traceability while leveraging federal and state government leadership best practices. More. In Brief... RESTON--NetGain Communications has unveiled its new inventory and telecom expense management (TEM) tool, iTEMize, that helps companies effectively control assets, address billing errors, and streamline their telecommunications processes. More. MCLEAN--Trusted Edge has introduced a new integrated compliance offering with IBM to help organizations streamline compliance and manage all desktop applications and files from the moment they are created with a single records management solution. More. |
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| Back To Top | Partnerships & Collaborations
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Convera to Co-Develop Healthcare Search Service VIENNA--Convera Corporation, a provider of search technologies, has signed a joint development agreement with United Business Media plc, a global business information company, to build a highly tailored Web search service aimed at the healthcare sector. The multi-year agreement comprises a revenue-sharing structure. More. Cloakware, ShieldWolf Collaborate in Federal IT Business VIENNA--Cloakware, Inc., a provider of digital-asset protection solutions, has partnered with ShieldWolf, a Reston-based provider of engineering services to the Department of Defense and Federal government. ShieldWolf has added Cloakware Server Password Manager (CSPM) to its portfolio of infrastructure management and security solutions. CSPM addresses the issue of hard coded passwords in applications that reside on unattended servers. CSPM automatically updates passwords, thereby improving efficiency and eliminating downtime. More. ObjectVideo Partners with Lumenera RESTON--ObjectVideo, the a developer of intelligent video solutions, has forged an OEM partnership agreement with Ottawa- based Lumenera Corporation, a developer and manufacturer of high-performance digital cameras for industrial, scientific and security markets. Lumenera's new intelligent camera line will now include ObjectVideo OnBoard video analytics capabilities. Said ObjectVideo executive Brian Eckert: "Bringing cameras to market that already incorporate video analytics will result in improved efficiencies and ultimately stronger security installations for customers." More. VCampus, IMA to Develop Learning Portal RESTON--VCampus Corporation, a provider of web-based publishing and hosting services for organizations that maintain professional certifications, has been selected by the Institute of Management Accountants to create a learning portal. VCampus and IMA will develop an interactive, web-based certification prep program designed to better equip professionals preparing to sit for IMA's Certified Management Accountant exam. More. Carfax Nails Down Deal with AutoNation FAIRFAX--Carfax, the provider of vehicle history information, has expanded its partnership with AutoNation, Inc., an operator of 346 automobile franchises in 17 states. AutoNation's used car shoppers buyers will receive a full Carfax Vehicle History Report. More. |
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| Back To Top | R&D / Intellectual Property
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Hokies Launch "Synthetic Biology" Research Group BLACKSBURG--The Virginia Bioinformatics Institute has established a research group that will focus on the emerging field of synthetic biology. The announcement coincides with the recent arrival of Dr. Jean Peccoud, a computational biologist from Pioneer Hi-Bred International. Synthetic biology involves the design and construction of new biological parts, devices, and systems as well as the redesign of existing, natural biological systems for useful purposes. The field has attracted much attention due to recent progress towards the goal of building chromosomes by significant remodeling of the genomes of bacterial organisms. More. New River Launches Phase Three Trials for ADHD Drug RADFORD--New River Pharmaceuticals Inc. has initiated screening for a Phase 3 clinical trial for its NRP104 compound for the treatment of attention deficit hyperactivity disorder in adult populations (ages 18 to 55). Market data estimates that 8.5 million adults in the United States suffer from ADHD, and that 75 percent of these people remain undiagnosed, under-treated or untreated. More. Wahoos Test Cocaine-Battling Drug CHARLOTTESVILLE--Researchers from the University of Virginia Health System have found that ondansetron, a serotonin antagonist drug, reduced cocaine's reinforcing effects in the 63 volunteers who participated in the study. These findings are the first to show the value of ondansetron in battling cocaine and its addictive qualities. More. |
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| Back To Top | Trends
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Chmura Economics & Analytics |
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Retail Sales. The pace of retail sales growth in Virginia has edged up over recent months. For the year ending with March 2006, retail sales rose by 6.7 percent in the state. Although the state pace of retail sales growth has ticked up over 2006, it has fallen below the national pace. Since last March, retail sales increased by 7.9 percent in the nation. For details and forecasts of retail sales across Virginia, as well as a list of Chmura Economics & Analytics (CEA) products and services here or call 804-649-1107. |
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| Back To Top | Other News
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Archaearium Debuts Jamestown Artifacts JAMESTOWN-A new exhibition at the Archaearium at Historic Jamestowne is displaying objects belonging to Jamestown colonists 400 years ago, unearthed from the long lost James Fort site. Open in time for Jamestown's 400th anniversary in 2007, the $4.9 million Archaearium is the centerpiece of a $63 million master plan for Historic Jamestowne created with the National Park Service that includes a new visitor center with a 360-degree theater and exhibits about Jamestown's history and the Indians, Europeans and Africans who lived there. Plans also include a riverside restaurant, enhanced visitor transportation and outdoor exhibits. More. RESTON--SpaceVest Capital has changed its name to REDSHIFT Ventures to reflect its current philosophy of investing in companies that are commercializing advanced technologies including wireless, networking, microelectronics and software applications for high growth markets. More. |
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| Back To Top | Commentary
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The Problem with "Mass" Transit Light and heavy rail are expensive, inflexible alternatives to the automobile. It's time to consider a 21st-century solution to mobility in New Urban Regions: Personal Rapid Transit More. |
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Rail Rip-off Extending METRO rail to Dulles Airport will enrich select landowners to the tune of billions of dollars. Why, then, are Fairfax County commuters being forced to pay so much of the project cost? The proposed extension of the Washington METRO system to Dulles Airport is one of the most expensive infrastructure projects ever conceived in the state of Virginia. The projected cost is $4 billion, assuming no expensive delays or overruns. "Rail to Dulles," as the project is known in shorthand, is vitally necessary for the economic health of Northern Virginia. But, as currently conceived, the project would precipitate a multibillion- dollar transfer of wealth from taxpayers and commuters to politically powerful land owners. More. |
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| Back To Top | Events
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