| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Intelligence for Virginia's Entrepreneurial Economy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
 |
In This Issue... Expansions, Relocations and Launches, Who's Hot, Who's Winning Business, Deal Makers, Innovations, Partnerships & Collaborations, Research & Development, People, Trends, Other News, Commentary, Events Click here to forward to a friend or colleague who might like this newsletter. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Expansions, Relocations & Launches   | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
ManTech Spins Out Network-Forensics Analysis Company FAIRFAX-ManTech International Corporation, a provider of technologies and solutions to federal government clients, has spun off its NetWitness information security product group. NetWitness, a start-up incubated by ManTech, has attracted private equity funding. The company is developing a network forensics analysis product. More. Hilton Garden Inn Opens in Charlottesville CHARLOTTESVILLE--Hilton Garden Inn, of Beverly Hills, Cal., has opened the 124-room Hilton Garden Inn Charlottesville. The four-story structure features a signature glass pavilion, 24-hour selection of refrigerated, frozen and microwaveable packaged items and sundries, a restaurant, a lounge with a 42" high-definition LCD television and fireplace, and meeting space. More. In Brief... ARLINGTON--BridgeStreet Worldwide has expanded its global network of corporate apartments with the opening of an office in Morris County, N.J., part of a region that includes more than 50 Fortune 100 companies. More. RICHMOND--Paragon Commercial Bank, a Raleigh, N.C.-based business-only bank, will open a 10,000-square-foot office in early November with plans to grow from nine employees initially to 20 in 2007. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Who's Hot | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |
In Brief... TAPPAHANNOCK--Eastern Virginia Bankshares, Inc., has filed with the Securities and Exchange Commission to offer one million shares of common stock in a sale to the public. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Who's Winning Business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |
General Dynamics to Build Urban-Combat Training Site FAIRFAX-General Dynamics Information Technology has won a two-year, $17 million contract to establish a military training site in Jordan. The company will install 44 buildings in a 360-degree live-fire urban operations site with adjacent training ranges. The site will feature a high-tech instrumentation package to provide day and night video; audio capture; a control suite and an after-action review theater. Said GDIT executive Zannie Smith: "Warfighter safety and mission success on the battlefield are profoundly improved by realistic training exercises prior to combat." More CACI Wins $70 Million DoD Desktop Procurement Job ARLINGTON--CACI International Inc. has been awarded a five-year, $70 million contract to maintain Procurement Desktop-Defense, an automated contracting system that standardizes procurement processes across the Department of Defense. The system is used by more than 23,000 contracting professionals at some 800 sites worldwide to purchase approximately $90 billion of DoD goods and services. More In Brief... FALLS CHURCH-DynCorp International and its partners in Contingency Response Services LLC, have won a five-year, $450 million contract from the Naval Facilities Engineering Command to provide a range of world-wide contingency and disaster-response services. More. FAIRFAX--SRA International, Inc. has been awarded a $90.5 million contract to provide the U.S. Department of Agriculture help with the procurement, delivery, and management of commodities for domestic and foreign food assistance programs operated throughout the world. More. ARLINGTON--Stanley, Inc., has been awarded a $63 million prime contract by the Joint Strike Fighter Program Office to continue providing end-to-end information technology and information assurance support. More. ARLINGTON-General Dynamics Advanced Information Systems has won a $56 million contract modification to provide production, operational support, field engineering services, repair and return effort, and development for the TRIDENT II Fire Control System. More. MCLEAN-Ventera has been awarded a contract potentially worth $25 million over five years by the Food and Nutrition Service, extending Ventera's six-year relationship through 2011. More. FAIRFAX--General Dynamics Advanced Information Systems has snagged a $13 million contract modification to provide technology services for the Surface Electronic Warfare Improvement Program. More. MCLEAN--BearingPoint, Inc., has implemented a consolidated utility billing system for the City of San Jose, Cal., the country's 10th largest city. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Deal Makers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |
Founders Finds Location for New College SOUTH BOSTON--Founders College has announced its intention to purchase Berry Hill Plantation, a 660-acre corporate retreat in South Boston that provides customer-ready classroom, conference and campus facilities. The transaction keeps the college on track to welcome its first students in the fall of 2007. Said Tamara Fuller, chief strategy officer: "The Berry Hill property is already zoned for academic use, requires little investment to be ready for next fall, and provides a spectacular and accessible setting." College officials promise to revolutionize the liberal arts degree by teaching students the meaning of important ideas and their consequences through a curriculum designed to impart a cohesive body of knowledge. The College received degree-granting authority from the State Council of Higher Education for Virginia in September. Said CEO Gary Hull: "With the regulatory hurdles to opening our campus behind us, we can focus on admitting students to the Class of 2011 and on recruiting the top-notch faculty." More. IceWEB Sets Its Compass for True North HERNDON-IceWEB, Inc., a provider of hosted Microsoft Exchange services, has acquired the federal government business operations of True North Solutions, Inc, of Herndon. True North produced $28.2 million in federal sales in 2005. Said IceWEB CEO John R. Signorello: "True North's customer list represents a Who's Who of Federal Government Agencies. IceWEB will acquire along with the customer list, a multitude of valuable vendor relationships, ...a respected GSA Schedule Contract, and a federal pipeline for 2006-07." More. Allied Aerospace Sold to Triumph Group NEWPORT NEWS-Allied Aerospace Industries, Inc., a provider of engineering design and manufacturing solutions for complex aerospace and defense programs, has been acquired by Triumph Group, of Wayne, Pa., from an affiliate of Kohlberg & Company, L.L.C. for an undisclosed amount of cash. Allied, which has 160 employees and will operate as Triumph Aerospace Systems-Newport News, is projected to generate approximately $19 million of revenue for the remaining five months of fiscal 2007. More. NTELOS Acquires Wireless Spectrum WAYNESBORO-NTELOS Holdings Corp., a provider of wireless services in Virginia and West Virginia, has acquired seven AWS A Block licenses during the third quarter covering a total population of 1.3 million people in western Virginia. The company paid $2.3 million for the properties, which are adjacent to existing PCS spectrum holdings. In other developments, the company reported 3Q net income of $3.7 million on operating revenues of $111.2 million. The number of subscribers increased 15 percent over the previous quarter, and the company put 29 wireless cell sites into service. More. In Brief... RESTON--Helios HR, LLC, a provider of outsourced human resource services and consulting, has acquired a competitor, Talent Advantage, in a transaction that is expected to create one of the largest HR outsourcing and consulting firms in the Washington metropolitan region. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Innovations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |
Now, It's Hokie Stickers for the Cell Phone BLACKSBURG-In the what'll-they-think-up-next department: Cingular Wireless has begun promoting Hokie Phone Tattoos: stickers bearing Virginia Tech regalia and contoured to fit Cingular's RAZR V3 and Motorola SLVR handsets. Said Chris Penrose, general manager of Cingular operations in Virginia: "With the introduction of our new Virginia Tech Hokie phone tattoo accessories, you can take an already cool phone and essentially make it cooler - matching your own sense of style." More. In Brief... CHANTILLY--Online Resources Corporation, a provider of web-based financial services, has launched dedicated software Internet banking capabilities that are fully integrated with its payment, marketing, customer care and other outsourced services. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Partnerships and Collaborations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |
Equestrian Services Partners with "America's Most Trusted Horseman" CHARLOTTESVILLE--Equestrian Services, LLC, provider of turn-key equestrian amenities for communities and resorts, has partnered with internationally recognized John Lyons, "America's Most Trusted Horseman," to offer branded equestrian community to real estate developers. The John Lyons Signature Equestrian Facility will be modeled on successful golf industry branding and management concepts. Similar to communities that boast an Arnold Palmer or Jack Nicklaus golf course, Equestrian Services offers developers the opportunity to develop a community under a signature equestrian facility brand. Says Michael Donovan, principal: "As the real estate market slows across the country, real estate developers are looking for ways to differentiate their properties. Developers have begun to recognize that the equestrian market is significantly under realized and offers a new opportunity." More. Mediatech Cultivates Stem Cell Partnership HERNDON--Mediatech, Inc., a supplier of cell culture and molecular biology reagents, has formed a strategic alliance with ClobalStem, Inc., of Rockville, Md., to develop, manufacture, validate and distribute Embryonic Stem Cell-qualified growth media and supplements. Mediatech contributes over 20 years of cGMP experience in the manufacture of sterile solutions while GlobalStem brings a wealth of knowledge and research in the field of embryonic stem cells. More. In Brief... FAIRFAX-Rivermine has inked an agreement to incorporate SAI's Web-based Sierra Gold Virtual Telemanagement System into Rivermine's telecom expense management solution. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | R&D / Intellectual Property | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |
Old Guys, Watch that Jet Lag! CHARLOTTESVILLE--Researchers at the University of Virginia have found that aged mice undergoing weekly light-cycle shifts - similar to those that humans experience with jet lag or rotating shift work - experienced significantly higher death rates than did old mice kept on a normal daylight schedule over the same eight-week period. While 83 percent of old mice survived under the normal schedule, 68 percent survived under a backward-shift regimen and 47 percent survived under a forward-shift regimen. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | People | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |
In Brief... RICHMOND--Alloy Polymers, Inc., a chemical compounding firm, has hired a new president and COO, Charles M. Chiappone, to take over day-to-day decision-making responsibilities from founder and CEO Subhash Pahuja. More. DULLES--SER Solutions, Inc., a provider of call-management and speech analytics solutions, has appointed Chris Moritz to the position of president and CEO. More. CHANTILLY--Blue Ridge Networks, a provider of secure communications products and managed security services, has promoted Mike Fumai to president and CEO. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Trends | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Chmura Economics & Analytics |
|
 Virginia unemployment. The unemployment rate in Virginia continues to be one of the lowest in the United States. In September, the state unemployment rate stood at 3.2 percent for the third consecutive month, just 0.2 point above May's five year low. By comparison, the national unemployment rate rested at 4.6 percent in September. 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. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Other News | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |
Humana Unveils Health Insurance Plan for Individuals RICHMOND--Humana Inc., through its subsidiary Humana Insurance Company, has introduced its HumanaOne line of individual health insurance plans in Virginia. The plan is built to appeal to individuals and families not covered by an employer. The plan provides preventive care, prescription drug and emergency room coverage, and a choice of annual deductible. More. KB Homes Unveils New Style of Navy Housing NORFOLK--KB Home, one of the nation's largest homebuilders, has opened the doors to The Village of Whitehurst Farms, the first of 12 communities constructed for the U.S. Navy in Virginia and Maryland. KB Home is building 11 different home styles, each with multiple elevations that will contribute to curb appeal and design diversity. Each plan was designed to have an open, usable floor plan that lends a fresh look to Navy housing. More. NTP Files Patent Infringement Lawsuit Against Palm ARLINGTON--NTP, Inc., an intellectual property firm, has filed a patent infringement suit against Palm, Inc., maker of Treo smartphones and mobile accessories. NTP alleges that Palm's products, services, systems and processes infringe NTP's patents. The complaint centers on products adapted for use in electronic mail systems with radio frequency communications to mobile processors. More. Thrane & Thrane Rebating Cost of Vessel Distress Units VIRGINIA BEACH--Thrane & Thrane, Inc., a provider of global mobile satellite and radio communication solutions, is offering rebates on its National Marine Fisheries Service and Enhanced Vessel Monitoring Systems. More than 1,000 commercial reef fishermen in the Gulf Coast between Key West, Fla., and Texas have until Dec. 7, 2006, to deploy EVMS units in line with National Oceanographic and Atmospheric Administration regulations. But commercial fishermen have fallen on hard times, and many are living trip to trip. More. PBS to Air THE WAR in 2007 ARLINGTON--PBS (Public Broadcasting Service) will air the documentary series, THE WAR, in September 2007, a seven-part documentary series, directed and produced by Ken Burns and Lynn Novick. The series will explore the history and horror of the Second World War from an American perspective by following the fortunes of ordinary men and women who get caught up in the greatest cataclysm in human history. More. Verizon Expands FiOS Service to Spotsylvania FREDERICKSBURG--Verizon has introduced its fiber-to-the-home FiOS TV service to consumers in parts of the Lee Hill district of Spotsylvania County - one week after the Spotsylvania County Board of Supervisors voted to grant Verizon a cable franchise. Verizon is bundling FiOS TV service, Internet access and a telephone plan for $105 a month. More. In Brief... GLEN ALLEN--NanoMarkets, an industry analyst firm tracking the advanced materials sector, has launched a blog, The NanoMarkets TOP Blog, covering the areas of thin film, organic and printable electronics. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Commentary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Are Republicans Listening? The pollsters are predicting a disaster for the GOP tomorrow. Could the 2006 national elections presage the same for Virginia in 2007? More. |
|
Focused Growth To tame scattered development and the ills it creates, Frederick County concentrates growth in an Urban Development Area. The idea works so well that House Republicans want to take it statewide. When Del. Clifford L. Athey Jr., R-Front Royal, points to Frederick County as an exemplar of how Virginia should accommodate growth, he knows what he's talking about. As a land use attorney, he has spent much of his career helping developers do business in Frederick County. In fact, Athey is representing clients right now in a rezoning bid to develop some 124 acres of land in the county. The "Village at New Town" would include 123 townhouses and 233 single-family homes with a shopping center and light industry located nearby. More. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Events | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 jabacon@baconsrebellion.com. Click here for a free subscription. Click here to unsubscribe. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
