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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, 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   | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Optim Systems Moves to Larger Springfield Location SPRINGFIELD--Cornet Technology, Inc., a manufacturing and professional services company, is moving its Optim Systems division to a new location in Springfield. The larger facility will allow Optim Systems to expand its engineering and manufacturing capacity and to provide customers with a state-of-the-art multi-media showroom. More. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Who's Hot | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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iNeoMarketing Raises $400,000 HERNDON--iNeoMarketing, an eMarketing software firm, has raised $400,000 in Series A bridge funding from TWJ Capital. The investment, which comes on the heels of a $100,000 investment by the Center for Innovative Technology, will be used to grow product development, sales and marketing infrastructure for the company's PluraPage product. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Who's Winning Business | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Trust Computer Deploys Linux System with Coast Guard HERNDON--Trusted Computer Solutions, Inc., has deployed its Linux-based SecureOffice NetTop2-Thin Client product to the Coast Guard Intelligence Program. Trusted Computer bills the Linux system as cheaper and easier to administer than UNIX-based systems. Said COO Ed Hammersla: "The government now has a real choice of platforms upon which to deploy accreditable cross-domain solutions." More In Brief... HERNDON--Multimax, Inc., has secured services and product-solutions awards for Department of Defense and civilian agencies totaling nearly $106 million. More. ARLINGTON--CACI International has won a contract potentially worth $59.5 million over four years to continue providing managed network services for the Office of the Secretary of Defense. More. FAIRFAX-General Dynamics Information Technology has been awarded a contract potentially worth $15.8 million over three years by the U.S. Naval Facilities Engineering Command Information Technology Center. More. MCLEAN--AVIEL Systems Inc., has been awarded two contracts totaling $4.1 million to provide acquisition support services to the Department of Homeland Security. More. RESTON--Tier Technologies, Inc., has won a contract from the Commonwealth of Kentucky's Department of Revenue to implement an electronic tax data match and levy system to help collect delinquent taxes and debts. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Deal Makers | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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NeuStar Nabs Followap for $139 Million STERLING--NeuStar, Inc., has acquired Followap, Inc., a United Kingdom-based provider of mobile instant message products in Europe and Asia, for $139 million in cash. Followap, which has a customer base of 17 mobile network operators with 160 million subscribers, is projected to generate revenue more than $25 million in 2007 and double that in 2008. The acquisition expands NeuStar's platform for growth, especially in mobile, IP and international markets. The company cited three benefits: (1) Followap brings a large community of new customers outside North America, (2) it makes NeuStar essential to a new, fast-growing service for the wireless industry, and (3) it enables NeuStar to solve immediate infrastructure challenges that mobile network operators face in delivering advanced, IP-based services. More. Lucidiom Purchases Trevoli, Photo Finale VIENNA--Lucidiom Inc., a provider of photo kiosk solutions, has purchased Trevoli Ltd., of Dallas, Tex., including its Photo Finale product family. This new suite of products rounds out Lucidiom's existing line of photo kiosks and kiosk software, creating a complete solution for printing via retail, home, Web, remote kiosks and in-store kiosks while providing in-depth data collection and analysis tools. Trevoli's Photo Finale allows consumers to organize, enhance, create, share, print, protect, edit and order digital photos easily. Said Lucidiom CEO Stephen Giordano, Sr.: "The acquisition is a solid step in building Lucidiom's position as the leading provider of digital imaging services worldwide." More. CBI to Acquire Aussie Peptide Business RICHMOND--Commonwealth Biotechnologies, Inc., a life sciences contract research organization, has executed a stock purchase agreement to acquire Mimotopes Pty Ltd., of Melbourne, Australia, for 2,150,000 shares of stock. The transaction will give former Mimotopes parent company PharmAust Chemistry Ltd. a 39.5 percent equity position in CBI. Mimotopes focuses on research grade peptides and peptide therapeutics, a market estimated to grow at 40 percent per year over the next several years. If completed, this transaction will represent the single largest growth transaction in CBI's 15-year history. More Bluegreen Closes Phase Two in Williamsburg Acquisitions WILLIAMSBURG-Bluegreen Corporation, of Boca Raton, Fla., has finalized the second phase of its resort property acquisition in Williamsburg less than a block from the historical district of Colonial Williamsburg. Bluegreen commenced the first phase of this project with the purchase of the Patrick Henry Inn, and the Liberty Inn and Conference Center. The second phase consisted of the purchase of the Colonial Capital Inn and a commercial building located on 18 acres of adjacent land. Bluegreen plans to build eight campus-style buildings containing 400 two-bedroom timeshare units there. More Katy Bars the Door for Plastics Business ARLINGTON-Katy Industries, Inc., a diversified company with interests in maintenance products and electrical products, has sold its United Kingdom consumer plastics business to Jardin International Holding BV. Said CEO Anthony T. Castor III: "This transaction allows Katy to dedicate more management focus on its core businesses. We now look forward to enhancing the value of our businesses that sell into commercial distribution and our electrical business units." More | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Innovations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Alexandria to Build City-Wide Wi-Fi Network ALEXANDRIA-the City of Alexandria has engaged EarthLink, of Atlanta, to build, own and operate a municipal wireless network across the city. The 16-mile Wi-Fi mesh network will provide affordable, high-speed Internet access for the residents of and visitors to the City of Alexandria. The franchise is expected to be formally awarded Dec. 16. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Partnerships and Collaborations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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NDSI, Sandata Collaborate on Home Health Care Automation NEWPORT NEWS--NDSI Healthcare, Inc., a developer of home care agency software, has integrated its flagship product, nHome Complete, with Sandata Technologies, Inc.'s home-care system. The integration creates a seamless system that automates scheduling between the caregiver and the patient, the collection of home health care visit data from the point of care, and billing and payroll processing. Said CEO Hank Hernly: "This combination will save agencies a tremendous amount of work that was previously all done by hand and allow agencies to focus more of their resources on care, rather than paperwork." More. Dilon Strikes Korean Distribution Deal NEWPORT NEWS--Dilon Technologies LLC, developer of the Dilon 6800 Gamma Camera optimized for breast imaging, has reached an exclusive sales and distribution rights agreement with Hongwoo Medico Co., Ltd. of South Korea. HMC's customer base includes large- and medium-sized hospitals and breast clinics throughout South Korea. Said Vijay Singh, director of operations: "By joining forces with Hongwoo Medico Co., Ltd., Dilon has taken a major step in entering the massive Asian market." More. Summit Runs Distribution Deal with Marathon RICHMOND-Summit Business Associates, an IT sales and project-management company, will resell software for Microsoft Windows environments through an agreement with Littleton, Mass.-based Marathon Technologies Corporation. The two companies will work cooperatively on joint marketing, sales and lead generation initiatives. Said Carrol L. Cox, Summit president: "Our agreement with Marathon was based on growing customer demand for an effective high availability solution that was less expensive and more effective than traditional cluster technologies." More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | People | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Stockbridge Takes the Rudder at MAXjet DULLES-MAXjet, a provider of business-class flights from U.S. origins to London, has appointed Chairman William D. Stockbridge as president and CEO of the company. He replaces Gary Rogliano, who left the company to pursue other opportunities. Richard Sharp, former CEO of Circuit City, a member of the MAXjet Board and a major investor, will succeed Stockbridge as chairman. More. In Brief... DULLES--Everest Software, Inc., a provider of business management software for small- and medium-sized businesses, has appointed Edwin A. Miller as president and CEO. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Trends | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Internet Shopping Is Whopping Traditional Retail RESTON-Total online retail spending (excluding travel) surged 23 percent in the first 24 days of November compared to the same period in 2005, according to research by comScore Networks. Black Friday, the day after Thanksgiving, leaped ahead by 42 percent, achieving $434 million in single-day sales. More. Hey, Mr. Top Security Clearance, Don't Forget Your Cell Phone WASHINGTON--Despite the attention given to this year's countless data breaches associated with lost or stolen mobile devices, thousands of mobile users continue to leave their electronic devices in taxi cabs, according to a survey sponsored by Pointsec Mobile Technologies. In the Washington-Baltimore area alone, the survey found that 8,701 devices went missing over the previous six months. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Other News | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Fitch Assigns A- Rating to Rockingham Hospital Bonds HARRISONBURG--Fitch Ratings assigns a long-term rating of 'A-' to bonds to be issued on behalf of Rockingham Memorial Hospital. Combined with an $83 million equity contribution, the series 2006 bonds will finance the construction of a $280 million replacement facility three miles from the hospital's current location. The product of five years of planning, the new facility optimizes hospital operations in the areas of information technology, patient transport and flow, patient floor configuration, infection control and materials management. In addition, the plan reflects several elements of green design without entailing significant additional cost. More. In Brief... RICHMOND--Colfax Corporation, a manufacturer of industrial pumps and valves, has launched a website, Colfaxcorp.com, to provide customers easier access to the company's diverse line of industrial products. More. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Commentary | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Making Government Work II Virginia business executives must define leadership in a "purple haze" state. More. |
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Wind Shear Virginia is an energy-rich state, and the mother lode sits off the coast. Electric power generated by off-shore wind turbines could slice our dependence on polluting fossil fuels within a decade or two. Outside the coalfields of the far southwest, Virginia has never been regarded as an energy-rich state. The oil and gas reserves off the coast have generated some attention recently, but the biggest treasure trove of energy may be not what lies beneath the surface but what blows above. According to a team of Virginia Tech researchers, the continental shelf off Virginia is an ideal location to harness the power of wind to generate electricity. "It's better than Cape Cod," site of a widely publicized effort to build a wind farm, says Saifur Rahman, an electrical engineering professor with Tech's Advanced Research Institute in Arlington. "It's one of the best locations on the East Coast." More. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Back To Top | Events | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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