For the Record (November 2000) This report is compiled from company releases, business journals and
newspapers from around the state. If you have an item for these listings please:
The Virginian-Pilot, a Norfolk-based newspaper, has purchased The Island Breeze, a free-distribution newspaper based in Hatteras, N.C. with a circulation ranging from 11,000 to 35,000 depending upon the season. Terms were not disclosed. (Press release, 9/1/00) The First Savings Bank of Virginia, based in Springfield, has merged with Southern Financial Bancorp, based in Warrenton. Terms were not disclosed. (Press release, 9/5/00) Hilb, Rogal and Hamilton Co., a Richmond-based insurance company, has acquired Thomas M. Murphy & Associates, a Shelton, Conn.-based insurance agency. Terms were not disclosed. (Business Wire, 9/6/00) America Online Inc., an interactive services company, has acquired iAmaze, a San Francisco-based Internet technology company. Terms were not disclosed. (Business Wire, 9/5/00) UpShot Direct, a Richmond-based subsidiary of Niles, Ill.-based HA-LO Industries Inc. plans to acquire Toronto, Canada-based Westminster International Computers Inc., an Internet technology company. Terms were not disclosed. (Press release, 9/7/00) First National Bank in Christiansburg plans to acquire First Union National Bank branches in Pearisburg and Wytheville. Terms were not disclosed. (PR Newswire, 9/19/00) Federal Systems Group, a McLean-based provider of information technology services to the Federal government, was acquired by Los Angeles-based Northrop Grumman Corp., a technology company, for $150 million. (PR Newswire, 9/18/00) Marathon Financial Corp., a Winchester-based bank, has merged with its subsidiary, Harrisonburg-based Rockingham Heritage Bank, to create Premier Community Bankshares Inc., a holding company. Both banks will continue to operate as independent community banks. (PR Newswire, 9/15/00) Teligent, a Vienna-based long distance and high-speed data services company, has an agreement with the Washington Redskins football team to upgrade the teams telecommunication services for the 2000 season. (Business Wire, 8/31/00) Commonwealth Biotechnologies Inc., a research and development company based in Richmond, has formed a partnership with Kemp Biotechnologies, a Frederick, Md.-based manufacturer of cell culture and protein products for biotechnology, to co-market their services and technologies. (Press release, 8/31/00) homebytes.com, a Richmond-based real estate firm, and LandAmerica OneStop, a real estate information services subsidiary of Richmond-based real estate firm LandAmerica Financial Group Inc., have partnered to enable homebytes.com clients to obtain LandAmerica OneStops escrow and closing services directly through homebytes network of home-selling affiliates. (Press release, 9/6/00) Proxicom Inc., a Reston-based consulting and development company, and Dresdner Kleinwort Benson, a London-based subsidiary of Dresdner Bank AG, a Frankfurt-based financial services group, have partnered to help design and develop online product services for European investment bank clients. (PR Newswire, 9/7/00) America Online, an interactive services company, has partnered with the State of Virginia to expand and upgrade Internet use in education through AOL@SCHOOL, a software program developed by the company, and PowerUP, a McLean-based nonprofit organization that provides instruction in technology for children. Virginia is the first state to implement the program in its K-12 curriculum. (Business Wire, 9/6/00)Anteon Corp., a Fairfax-based information technology services company, and Bethesda, Md.-based Savant Corp., an e-business application software company, have an agreement in which Anteon will provide a Savant Corp. software program to its client base. (Press release, 9/18/00) Treev Inc., a Herndon-based content management services provider, has an agreement with SQN Signature Systems Inc., a Rancocas, N.J.-based signature verification software company, to provide integrated document management and services to small community banks and large commercial banks. (Press release, 9/11/00) America Online, a Dulles-based interactive services company, Adero, a Boston-based network services company, and Inktomi Corp., a Foster City, Calif.-based Internet infrastructure software company, have formed Content Bridge, an alliance of technology and network service providers. (Business Wire, 8/23/00) MicroStrategy, a Vienna-based software company, has an alliance with Westlake, Ohio-based Relational Solutions Inc., a data warehousing company, to increase the analytical depth of a Relational Solutions database program. (PR Newswire, 9/20/00) Lightningcast Inc., an Alexandria, Va.-based marketing technology company, has an alliance with Seattle-based Central Media Inc., an Internet services company, to integrate radio technologies. (Business Wire, 9/20/00) America Online, a Dulles-based interactive services company, entered a promotional agreement with Burbank, Calif.-based Warner Bros. Records to feature pop-star Madonna. The promotion was launched with Madonnas first-ever online chat with fans. (Business Wire, 9/15/00) Circuit City Stores Inc., a Richmond-based retailer, has an agreement with Coral Springs, Fla.-based Alliance Entertainment Corp., a business-to-business commerce services specialist, to provide an information database of popular and classical music, movies and vide game products for customers on Circuit Citys Web site. (PR Newswire, 9/20/00) eHealthcareWorld, a forum sponsored by Richmond-based eMarkeWorld, a business-to-business content provider, and The Harvard Medical School, Boston, will develop, accredit, and create a program for physicians within the ehealthcareWorld Congress for assistance in technology integration for clinical problems and practices. The purpose of the Congress and the forum is to evaluate the use of the Internet in clinical research, patient care and health care communications. (Business Wire, 9/18/00) FutureNext Consluting Inc. in Reston has an alliance with San Francisco-based Estensity Inc., an Internet-based workforce services company, to better implement Extensity Inc.s services for customers. (PR Newswire, 9/19/00) Internet Office Solutions and Services Inc., a Vienna-based technology company, signed a three-year deal with Brockton, Mass.-based W.B. Mason, an office furniture supplier, to provide Dealer Station, its Web-based platform for the office products industry. (Business Wire,9/19/00) BACK TO TOP New Plants and CompaniesCost Plus Inc., an Oakland, Calif.-based retailer, plans to invest $20 million for construction of a distribution center in Isle of Wight County, creating 160 new jobs. (Press release, 9/11/00) DaiEi Papers Corp., a Tokyo-based distributor and converter of paper products, plans to invest $10.5 million to build a manufacturing facility in Chesapeake, creating 105 jobs. (Press release, 9/7/00) G1440, a Columbia, Md.-based Internet consulting firm, plans to open an office in Northern Virginia, creating 100 jobs. (Press release, 9/14/00) Systar, a St. Cloud, France-based software company, has opened an U.S. headquarters office in Fairfax. (PR Newswire, 9/18/00) Executive
Promotions John G. Berger Jr., president, East3, a Richmond-based technology firm. (Press release, 8/23/00) Michael Gross, Chief Marketing Officer, Images, a Dulles-based technology company. (Press release, 9/14/00) Paige Wilson, CFO and executive vice president, Heilig-Meyers Co., a Richmond-based furniture retailer. (PR Newswire, 9/19/00) Catherine Doran, European CIO, Capital One Financial Corp., a Falls Church-based holding company. (PR Newswire, 9/20/00) Charles S. Ream, senior vice-president, CFO, Newport News Shipbuilding, a builder of aircraft carriers and submarines for the Navy. (PR Newswire, 9/18/00) Daniel Rouse, CFO, Powertrust.com, a Reston-based energy company. (PR Newswire, 9/15/00) Edgar Spear, president, COO, Dunn Computer Corp., a Dulles-based supplier of network products. (PR Newswire, 9/15/00) Sam Wheeler, CFO, UtopiAd, a Reston-based marketing company. (Business Wire, 9/18/00) Appointments Contracts World Airways, Dulles: $127 million from the Air Forces Air Mobility Command for airlift services. (PR Newswire, 9/21/00) CACI International Inc., Arlington: $27.2 million from the Army Training Models project to provide analytical and software development support. (PR Newswire, 9/18/00) Maximus, McLean: $6.5 million, one-year extension from San Diego County, Calif. to provide welfare-to-work services. (Press release, 9/12/00) The company was also awarded a $26.4 million contract extension by the Texas Department of Health to continue operations of the Texas Medicaid managed care Enrollment Broker Services project for the upcoming year. (Business Wire, 9/20/00) Cutbacks
& Closings Motient Corp., a Reston-based mobile data services and mobile Internet services, sold its transportation division to Owings Mills, Md.-based Aether Systems, a wireless and mobile data products and services company, for $45 million. (PR Newswire, 9/20/00) CSX Corp., a Richmond-based rail company, has sold its subsidiary, CTI Logistx Inc., to TNT Post Group N.V., an Amsterdam, Holland-based mail, express and logistics services company, for $650 million cash. (Press release, 9/4/00) BACK TO TOP ExpansionsICF Consulting, a Fairfax-based global management consulting company, has opened offices in Albany, New York and New York City to provide energy-efficiency and housing consulting services. (PR Newswire, 9/20/00) OneSoft Corp., a McLean-based software company, opened sales offices in Chicago, Dallas, Denver, Milwaukee, Minneapolis, and St. Louis, Mo. (PR Newswire, 9/20/00) Real
estate Stocks Advanced Switching Communications Inc., a Vienna-based broadband technology company, filed a registration statement with the Securities and Exchange Commission for an initial public offering of 6.25 million shares at $13 to $15 each, for a total of $86.2 million. (SEC Filings, IPO Monitor, 9/11/00) FastComm Communications Corp., a Dulles-based signaling, voice and data system services company, filed a registration statement with the Securities and Exchange Commission relating to shares issued in connection with their acquisition of Cronus Communications and two private placements. (SEC Filings, Business Wire, 9/14/00) Nextel Communications Inc., a Reston-based digital wireless communications services company, filed a registration statement with the Securities and Exchange Commission for an initial public offering of $920 million. The number of shares offered and the price per share were not specified. (SEC Filings, IPO Monitor, 9/11/00) Vastera Inc., a Dulles-based global trade management services company, filed a registration statement with the Securities and Exchange Commission for an initial public offering of six million shares, from $11 to $13 per share, for a total of $70 million. (SEC Filings, IPO Monitor, 9/11/00)
This report is compiled from company releases,
business journals and newspapers from around the state. If you have an item for these
listings please:
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