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| Business Intelligence for Virginia's Entrepreneurial Economy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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In This Issue... Expansions, Relocations and Launches, 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Expansions, Relocations & Launches   | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Lerner to Develop 18-Story Office Tower in Tysons MCLEAN--Lerner Enterprises of North Bethesda, Md., will develop an 18-story, 472,000-square-foot office tower in The Corporate Office Centre at Tysons II that it bills as a next-generation, "state of the art" office building. The development will be designed to redirect future growth in the Tysons Corner area away from "urban sprawl, where cars and parking dominate the aesthetics, to one of urban centers where pedestrian amenities and public spaces unite to form a sense of place." More. New Venture to Accelerate Use of Cardiac PET Imaging ALEXANDRIA-Integrated Cardiac Solutions, LLC, has been launched to provide turnkey services implementing cardiac PET perfusion imaging technology, a highly accurate testing method used to detect cardiovascular disease. The enterprise is a joint venture of the Bracco Group, an Italian leader in diagnostic imaging, and Integrated Medical Solutions, LLC. More. Mirius Launched to Deliver Net-Centric Solutions RESTON--FGM, Inc. and Solers have created a venture, Mirius, to deliver a comprehensive range of net-centric information technology services to the Defense Department. Said Scott Gessay, CEO of FGM: "This new company will help the federal government and, in particular, the Department of Defense better support the warfighter by providing them with real-world solutions in a net-centric environment." More. Elite Flight Solutions to Open Eight Offices ROANOKE--Elite Flight Solutions will open eight offices across the United States in a licensing agreement signed with Dream Home Remodeling of Virginia to sell Energy Savings products for homes. Said Elite CEO Bruce Edwards: "This is a major step in the refocusing of our company into energy savings products for homeowners. Dream Home Remodeling has been successful for many years, and we believe licensing their systems and controls maximizes our chances for success in this market." More. Selling Power Launches Video Division FREDERICKSBURG--Selling Power magazine, a sales management publication with 160,000 subscribers, has launched a video division. Selling Power founder and Gerhard Gschwandtner assumes the role of a talk-show host, brokering ideas between solutions experts and sales managers. Five streaming videos can be viewed for free at http://video.sellingpower.com on topics such as the anatomy of a successful sales leader, buzz marketing, failing forward into success, and more. More. Mental Fitness Herein follows a true and accurate account of Jim Bacon's program to improve his mental energy and, thereby, his work performance. ... Dr. Susan Hardwicke's holistic interview. ... Memory tests. ... Electronic overload. ... And Omega-3 fish oil. Here's the way I figure it. I work 50 to 60 hours a week, most of the time reading, conducting interviews, absorbing data, synthesizing information and writing for specialized audiences like VA Newswire. I don't spend a lot of time in meetings, yucking it up on the phone or glad-handing people at networking events. My job requires intense focus and concentration for long periods of time. The more productive I am, quite literally, the more I earn. More. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Who's Hot... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Luna Raises $21 Million in IPO ROANOKE--Luna Innovations, a developer of innovative technologies in molecular technology and sensing solutions, has grossed $21 million through the sale of 3.5 million shares of common stock at $6 per share. Trading in Luna stock began on the NASDAQ exchange under the symbol LUNA. More. GTSI Lines up $135 Million Credit Facility CHANTILLY--GTSI Corp., a government information technology solutions provider, has entered into $135 million of new credit agreements with SunTrust, Bank of America, and Crystal Capital Fund, L.P., replacing a credit facility that concluded May 31. Said CEO Jim Leto: "These new credit facilities will give GTSI the financial flexibility and sufficient borrowing capacity to continue focusing on developing and selling technology solutions to our government customer." More. In Brief... RICHMOND-Castle Technologies, a tenant of the Virginia BioTechnology Research Park, has been awarded a $100,000 Phase I SBIR grant to design a chronic disease prevention and management system for community health care settings and community health centers. More. RICHMOND--The Electric Book Company, a tenant of the Virginia BioTechnology Research Park, has been awarded a $100,000 Phase I SBIR grant to develop technologies that will streamline the flow of biomedical device data into electronic messaging services. More. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Who's Not | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Tier Technologies Served Subpoena RESTON--Tier Technologies, Inc., a provider of financial transaction processing solutions, has received a subpoena from the Securities and Exchange Commission requesting documents relating to financial reporting and personnel issues. Tier stated its intention to cooperate fully in this investigation. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Who's Winning Business... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Timmons Completes Historic Resource Data Sharing System RICHMOND--Timmons Group has completed installation of a cutting-edge GIS interface for the Virginia Department of Historic Resources' statewide Data Sharing System. The system provides spatial information and analysis of historic, architectural, archeological and cultural resources to state employees, property owners, developers, local planners, public agency officials and community leaders. More. In Brief... ALEXANDRIA--VSE Corporation has been awarded a follow-on contract potentially worth $20.5 million over three years to support the Joint Program Office for Cartridge Actuated Devices and Propellant Actuated Devices (CAD/PAD). More. RESTON--NCI, Inc., has won a task order from the U.S. Air Force worth $18.6 million to provide specialized computer systems support for F-22 operations in the field. More. MANASSAS--Aurora Flight Sciences has been selected by Bell Helicopter, of Fort Worth, Tex., as the airframe provider of the Bell Eagle Eye TR916 Unmanned Aircraft System. More. RICHMOND-Shamin Hotels, a hotel management company with more than 20 properties, has engaged End Game Public Relations to help it break ground on six new hotels, introduce a new corporate website and lanch a new golf stay-and-play website called RichmondGolfPackages.com. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Deal Makers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fortress America Acquires Two Maryland Firms ARLINGTON--Fortress America Acquisition Corporation has agreed to purchase VTC LLC, doing business as Total Site Solutions, and Vortech LLC, for $38.5 million. Both companies, based in Beltsville, Md., provide comprehensive services for the planning, design, and development of mission-critical facilities and information infrastructure. The two companies generated combined revenues of $58.6 million in 2005 and EBITDA of $6.8 million. Said Chairman Harvey Weiss: "Homeland Security threats and regulations for data integrity and availability are driving this vibrant market. We believe these companies provide an excellent platform to consolidate the global mission-critical marketplace." More. Sallie Mae Ties Knot with Upromise RESTON-SLM Corporation, commonly known as Sallie Mae, has agreed to purchase Upromise Inc., of Needham, Mass., in a deal that will unite the nation's leading paying-for-college company with the nation's leading saving-for-college company. Sallie Mae, America's leading education finance company, has 10 million borrowing customers. Upromise is the largest administrator of direct-to-consumer 529 college savings plans, administering nearly 1 million college savings accounts and over $10 billion in assets. More. Riverside Sells Seven Dialysis Centers NEWPORT NEWS-Riverside Hospital Inc., has agreed to sell its seven dialysis centers to Renal Advantage Inc., of Brentwood, Tenn., the fourth largest provider of dialysis services in the United States. Renal Advantage Inc. will enter into a 10-year relationship with Riverside for the purpose of maintaining access to renal care services in Riverside's markets. More. Netco Acquires Multimax HERNDON--Netco Government Services, a network communications company, has acquired Multimax, a provider of enterprise information technology services. Netco is retaining the Multimax name. Said Nteco CEO John Heller: "The new Multimax has all the proper credentials to meet the evolving needs of the government marketplace." More. LCC Transfers Deployment Operations to Nokia MCLEAN--LCC International, Inc., has agreed to transfer its U.S. deployment operations to Nokia, a global leader in mobile communications. Said LCC's CEO Dean Douglas: "With LCC's exit from the deployment business in the U.S., we can now focus our resources to support the growing and expanding engineering and consulting services opportunities both domestically and internationally in the wireless marketplace." More. Brainbench Acquired by PreVisor CHANTILLY-Brainbench, Inc., a provider of employment testing and skills certification, has been purchased by Atlanta-based PreVisor, a leader in workforce selection and performance. The acquisition strengthens PreVisor's position as the leading online provider of job-specific, pre-employment assessments by adding Brainbench's world-renowned IT skills testing content to its library, expanding its market penetration, and increasing its strong foothold in the government sector. More. In Brief... MCLEAN--Highland Hospitality Corporation, a lodging real estate investment trust, has acquired the 210-room Courtyard Gaithersburg-Washingtonian located in Gaithersburg, Md., for $29 million, or approximately $138,000 per key. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Innovations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Reinventing the Periscope MANASSAS--Lockheed Martin, working in collaboration with Kollmorgen Electro Optical, has installed a new Integrated Submarine Imaging System (ISIS) on the U.S.S. Hampton, advancing the state of the art in submarine periscopes. ISIS replaces the optical light path of coventional submarine periscopes with an advanced system that integrates new periscope-mounted high-resolution cameras and fiber-optic digital imagery. Onboard video processing equipment allows the real-time display and analysis of video images on submarine control room tactical displays. Said ISI program manager Eric Gruenloh: "This revolutionary system changes the paradigm of how the submarine commander uses the periscope. Instead of having a limited field of view, with one eye strained into an eyepiece and arms draped over the handles of the periscope, the conning officer manipulates an outboard camera with a joystick while looking at digital video on a computer monitor. That same digital video is shared with the entire combat team on various displays aboard the submarine." More. Podcasting a Professor Near You STERLING-Anystream, a developer of rich media solutions for the Web, has introduced Apreso Podcast, an enterprise podcasting solution that enables colleges and universities to make any lecture available for playback on widely popular Apple iPods, iTunes or any MP3 player. Said Mike Lucas with the University of Massachusetts-Lowell: "Many of our professors were already creating podcasts on their own using manual recorders. Our challenge was to take these grassroots efforts to the next level and make podcasting a consistent, reliable study aid for any student to access. Apreso Podcast lets us achieve that goal by automating the entire process of capturing and publishing lecture podcasts." More. In Brief... HERNDON--Deltek, a provider of enterprise management software, has released Deltek Vision 4, a solution that integrates planning, tracking and project-administration features. More. HERNDON--Curam Software, a provider of Social Enterprise Management software solutions, has released the Curam Unemployment Insurance Suite, encompassing unemployment insurance benefits and tax. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Partnerships & Collaborations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Washingtonpost.com, Technorati to Launch the Buzz Map ARLINGTON--Washingtonpost.com and global blogosphere authority Technorati have partnered to highlight the most current blog posts about opinions published by a range of news sites and bloggers around the world. Buzz Map, which will appear only in the Opinions section of washingtonpost.com, will track more than 100 syndicated columnists and popular opinion bloggers, and rank them based on the number of links to those columns throughout the blogosphere. The Buzz Map will display the 10 most popular columns and posts in a 72-hour period. Said Washingtonpost.com Executive Editor Jim Brady: "The Buzz Map is an effective visual way of showing how news does not stop after it's published, but takes on a new life in discussions on blogs, in classrooms, in the workplace and everywhere that people talk about the issues that matter to them." More. ArbJournal Allies with Brit Merger Mag RICHMOND-Richmond-based ArbJournal and London, England-based Merger Antitrust Review have joined forces, creating a single source of expert analysis for merger activity in the U.S. and the European Union. The two publications claim to provide the same level of expertise as law firms but quicker and with fixed fees and discounts by bringing together teams of senior antitrust lawyers, economists and analysts. ArbJournal was founded by Raymond J. Murphy, Jr., a pioneer in M&A research publishing. More. Mapco, Calix Partner for Telcommunications Solutions RICHMOND--Mapcom Systems and Calix, of Petaluma, Calif., have struck an alliance that will allow the two companies to integrate their telecommunications software solutions to enhance fiber-to-the-premises implementation and management in joint customer deployments. Their first integrated client will be Oxford Networks of Lewiston, Maine. More. In Brief... McLEAN--Terrascale Technologies, a developer of next-generation storage solutions, has teamed with Appro, a provider of enterprise computing systems, to resell Terrascale's TerraGrid Suite of storage software and hardware appliances. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | R&D / Intellectual Property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Wahoo Docs to Combat Killer Amoeba CHARLOTTESVILLE-A research team at the University of Virginia Health System has been awarded a $4.2 million, five-year grant from the National Institutes of Health to develop a vaccine against a worldwide killer - the disease amebiasis. About 50 million people each year suffer from invasive amebic infection, and about 40,000 to 100,000 die annually from its effects. More. Hokies to Study Chicken Poop BLACKSBURG-Researchers at Virginia Tech's College of Agriculture and Life Sciences have been awarded more than $2.5 million to help improve the quality of local waterways and the Chesapeake Bay. Investigators will look at innovative ways to manage manure and poultry litter and to use market-based incentives to improve water quality through collaborative partnerships. More. EagleForce Files for Search Technology Patents MCLEAN--EagleForce Associates, Inc., a provider of predictive intelligence solutions, has filed patent applications for its Knowledge Discovery technology, named Black Dragon. The technology brings context to the vast universe of content across both an enterprise and public domain data, overcoming information silos, unreliable data, and highly disaggregated data to enable customers to identify complex, time-critical patterns, and uncover non-obvious relationships to power informed decision making. More. PARI, BOC Develop Innovative Drug Delivery Systems MIDLOTHIAN--PARI, a worldwide leader in aerosol delivery, and BOC, a global provider of medical gases, have joined to study the effects of gas-enabled drug delivery systems using Heliox, a mixture of helium and oxygen that is easier for patients with compromised lung function to breathe. The creation of an innovative Heliox delivery device with a customized nebulizer could help critically ill patients by delivering oxygen and aerosol to the lungs with less effort than breathing air. PARI Respiratory Equipment is the North American arm of PARI GmbH. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Trends | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Chmura Economics & Analytics |
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 House price appreciation. House price appreciation slowed slightly in both Virginia and the United States in the first quarter of 2006. For the year ending with the first quarter, house prices advanced by 18.1 percent in the state, compared to 12.5 percent in the nation. During that period, house prices in Winchester MSA grew by 22.3 percent, the fastest of the state metro areas. House prices also rose rapidly in Hampton Roads MSA and Washington, DC MSA, increasing by 21.8 percent in both areas over the last year. For details on regional economic conditions across Virginia, including Richmond, Northern Virginia, and Hampton Roads, as well as a list of Chmura Economics & Analytics (CEA) products and services, click here or call 804-649-1107. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Commentary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Time for Genuine Leadership Raising taxes is not a serious transportation policy -- it's a substitute for the creative thinking that the General Assembly desperately needs to engage in. More. |
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Can You Say "President" Allen? After voting against the illegal-alien "Shamnesty" bill, George Allen is all but guaranteed the GOP presidential nomination. He stands with 60 percent of the electorate on all the big issues. Sen. George Allen won the Republican nomination for President of the United States of America this week. He won by voting with the Republican majority and against the Democrats, a Republican minority and President Bush on the "Shamnesty" Bill for Illegal Aliens. The other Republican senators running for President voted for Illegal Immigrant sham. Only Gov. Huckabee of Arkansas, who obviously didn't vote in the Senate, can challenge as a conservative, for the nomination. The Republican nomination is Allen's to lose now. More. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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