News For the Record

For the Record - Northern Virginia

December 2011

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American Community Newspapers put its Virginia-based newspapers up for sale. The company filed for Chapter 11 in 2009 before being sold to American Community Newspapers II for $32 million. ACN is the parent company of Leesburg Today, Ashburn Today, Loudoun Magazine and Loudoun Business, among other properties. (Washington Business Journal)

BSI Group, a Reston-based technology company, received a contract from the Department of Homeland Security, to help develop a system for screening cargo at U.S. ports. BSI will work on integrating detection systems with intelligence sources to identify high-risk containers. (PRNewswire)

Home Properties Inc., a Rochester, N.Y., real estate firm, purchased the 108-unit Somerset Park apartment complex in Leesburg. The garden-style residential development was bought for $20.3 million. (PRNewswire)

Inova Health Systems will lay off 606 workers by outsourcing work in the areas of environmental services, laundry and teleservices (facilitation of appointments and referrals). Almost all of the affected employees will be able to keep their jobs through the new contractor services. (Washington Business Journal)

LightSquared, a Reston telecommunications company, will partner with Aircado, of Redmond, Wash., to offer LightSquared’s still-to-be-completed 4G wireless broadband network to smaller markets across the country. Aircado serves “micropolitan” areas, representing about 20 million people. Aircado will offer its own branded wireless service on the LightSquared network. (Washington Business Journal)

ManTech International Corp., a Fairfax County-based technology company, has signed a definitive agreement to acquire Worldwide Information Systems Inc. (WINS) for $90 million. WINS is an information technology services company based in Seabrook, Md., whose clients include the Department of Defense, Department of State and other agencies. (News release)

SRA International Inc., a Fairfax technology company, sold SRA Global Clinical Development, its contract research organization, to Aptiv Solutions Inc., a Reston-based medical device development company. SRA said the Global Clinical unit would have greater opportunities as a part of Aptiv. (Business Wire)


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