February 2002
This report is compiled from company releases, business journals and newspapers from around the state. If you have an item for these listings please:

mail it to:
For the Record
Virginia Business Magazine
P.O. Box 85333
Richmond, VA 23293

or e-mail it to ForTheRecord@va-business.com,
or fax it to (804) 649-6311.

Mergers and Acquisitions
The AES Corp. of Arlington said its subsidiary, AES South Africa Holdings, together with its South African partner, Global African Power, entered into agreements to purchase the coal-fired Kelvin Power Station in the Republic of South Africa for approximately $23 million. (Business Wire)

e.spire Communications Inc. of Herndon signed an agreement to sell its Florida-based Internet subsidiary, CyberGate, to e.spire Chairman George F. Schmitt. The deal is expected to add up to $15.5 million in cash to e.spire's cash reserves. (PRNewswire)

Sideware Systems Inc. of Reston agreed to merge with privately held KnowledgeMax Inc. Shareholders would retain 45 percent of the new company in the deal, worth about $35 million, and KnowledgeMax shareholders would get the rest. Sideware would assume the D.C.-based KnowledgeMax name. (The Washington Post)

SiteSafe, an Arlington-based company that assists wireless carriers in satisfying regulatory requirements, purchased Communications Engineering Technology of Edgewater, Fla. CET maintained a database that connects organizations that coordinate frequency allocation. The company will move to Arlington but its five employees are not likely to join SafeSite. (Potomac Tech Journal)

SourceOne Group Inc., a payroll and human resource services provider, was acquired by software developer Imaging Technology Corp. of San Diego, Calif. for cash and stock. (Potomac Tech Journal)

SRA International Inc., a Fairfax-based information technology firm, acquired Marasco Newton Group, a management consulting firm headquartered in Arlington. (Press release)

Tellabs Inc. plans to buy Ocular Network, a Reston-based information technology company, for $355 million. Ocular will become a division of the Naperville, Ill.-based Tellabs, a network-equipment maker. (The Washington Post)

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Deals
Carter Ryley Thomas, a Richmond public relations and marketing firm, has been selected by TechnoScout Inc., a leading media, catalog and Web marketer, to promote its technology gadgets. Efforts will focus on increasing awareness for the Colonial Heights-based retailer. (Press release)

Travel Media Corp., a Vienna-based publisher for the tourist industry, will publish the new in-flight magazine, "Panorama of the Americas," for Copa Airlines of Panama. (PRNewswire)

Cyveillance, an Arlington-based Internet intelligence provider, and VeriSign Inc., leading provider of digital trust services headquartered in Mountain View, Calif., announced a new partnership. Four proven Cyveillance brand management solutions designed to monitor, protect and build online brand equity will be integrated into VeriSign's new suite of digital brand management services. (Business Wire)

Hirscher Fleischer and Allen & Allen, Attorneys at Law, both Richmond law firms, created a legal services alliance. (Press release)

The Institute for Computational Genomics Inc. (INCOGEN), The College of William and Mary and the Virginia Bioinformatics Institute at Virginia Tech have received a three-year, $3.2 million research grant from the state of Virginia to create a cooperative bioinformatics program. INCOGEN will invest $2.4 million to relocate from South Carolina to the Busch Corporate Center in James City County. (Press release)

The Motley Fool, a personal finance education company based in Alexandria, signed a multi-book deal with Simon & Schuster to provide specific tools for people looking for help with their personal finances and investing. The first book will be published this spring. (Business Wire)

NuOncology Labs Inc. of Virginia Beach signed a management contract agreement with Client Associated Business of Houston, Texas to provide new senior executive management to the company. Richard J. Marcel will become CEO; John E. Levonick will CFO; and Paul Bellenoit will become COO. (Business Wire)

US Airways of Arlington was named the primary provider of air transportation for the National Basketball Development League, the National Basketball Association's new minor league (PRNewswire)

XO Communications Inc. of Reston, a national leading provider of broadband communications services, is offering XO Inter-City Ethernet Services in all of its 63 U.S. markets, connecting customers' local area networks across multiple cities nationwide. (Business Wire)

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New Plants and Companies
Ganeden Biotech Inc. of Cleveland has moved into an office in Prince William County to perform medical research for the U.S. Department of Defense. (Press release)

Kaufman & Canoles Consulting, a full-service consulting firm, has been formed by the Norfolk-based law firm of Kaufman & Canoles. (Press release)

WIWA LP, U.S. subsidiary of Wilhelm Wagner GmbH, located its North American headquarters operation in Chesapeake. The German firm manufactures high pressure, industrial coating systems. (Press release)

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Executive Promotions
Lt. General (Ret.) James A. Abrahamson, chairman, Dulles-based Orbital Imaging Corp. (PRNewswire)

Bryce Blair, chairman of the board, Avalonbay Communities Inc. of Alexandria (PRNewswire)

Charles Childers, president, global markets, Teleglobe of Reston. (Business Wire)

Larry Wayne Dantzler, CFO, Regent University of Virginia Beach. (Press release)

William Daughtrey, COO, Carilion Biomedical Institute of Roanoke. (Press release)

Barry E. Duval, president, CEO of Kaufman & Canoles Consulting of Norfolk. (Press release)

John W. Froman, executive vice president, COO, Circuit City Stores of Richmond. (PRNewswire)

G.L. "Jerry" Kohlenberger, president, ExxonMobil Lubricants & Petroleum Specialties Co. of Fairfax. (Business Wire)

Graylon MacFall, executive vice president, COO, Virginia Foodservice Group, a broadline unit of Performance Food Group, the Richmond-based marketer and distributor of national and private-label food and food-related products. (Business Wire)

Kurt M. McHenry, COO, NetCom Solutions International of Chantilly, a provider of networking solutions. (Business Wire)

Armand A. Mancini executive vice president and CFO, Dulles-based Orbital Imaging Corp. (PRNewswire)

Matthew O'Connell acting president and CEO, Dulles-based Orbital Imaging Corp. (PRNewswire)

Michael R. Williams, senior vice president, treasurer, Orbital Sciences Corp. of Dulles, a provider of commercial and government space systems. (Press release)

David Zahka, CFO, Talk America, the Reston-based integrated communications provider. (Business Wire)

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Contracts
American Management Systems of Fairfax will work as a subcontractor to Titan Corp. of San Diego, Calif., on a $277 million U.S. Army contract to oversee the Army's software purchases and provide program management support services. AMS is one of five subcontractors on the seven-year contract. (Potomac Tech Journal)

Anteon Corp., a Fairfax-based information technology company, won a task order from the U.S. Naval Sea Systems Command valued at approximately $19.5 million to provide program management, engineering and support for the Expeditionary Warfare Life Cycle Manager. (Press release) The company was also awarded a $2.8 million task order by the U.S. Army Office of Information Technology, Dugway Proving Ground, to assist in modernizing the network infrastructure, automating business processes and creating Internet and Intranet systems. (Press release)

BTG Inc. , an information systems and technical services firm headquartered in Fairfax , was awarded a contract to provide integrated server systems and software to process the full range of automated application systems for over 400 federal court sites. The contract is for one year with nine option years. (Business Wire) The company was also awarded multiple new and extended contracts with combined estimated revenue of $25.9 million over five years from U.S. defense and intelligence customers. (Business Wire)

Computer Sciences Corp., a Falls Church-based consulting and information services firm, and the U.S. Department of Education's Office of Student Financial Assistance have agreed to extend a student loan data center task order by an additional four and a half years to the year 2011. The extension adds about $229 million to the task order. (PRNewswire)

Framatome ANP, a Paris company with operations in Lynchburg, has received an order from the Swedish utility Vattenfall for a fuel reload package involving six of the utility's eight nuclear power plants. Framatome ANP will supply the nuclear power plants with fuel reloads for a four-year period. (Business Wire)

Getronics Government Solutions, a information and communications technology company based in Herndon, was named a subcontractor to the Northrop Grumman Information Technology sector team to provide software and systems engineering support to the Army's Communications-Electronics Command at Fort Monmouth, N.J. The contract has an estimated value of $1.4 billion over 10 years. Getronomics will be the lead for information assurance, field software support and services and IT infrastructure. (Business Wire)

ManTech Telecommunications & Information Systems Corp. of Fairfax has been awarded a contract to provide information systems support for the U.S. Army Communications-Electronics Command's 5th Signal Command, which includes Germany, Italy, Belgium, the United Kingdom and the Balkans. Estimated value of the contract is $163 million over a base year and four, one-year options. (12/07/01, Business Wire)

MAXIMUS a Reston-based government services company, has been awarded a $4.8 million contract by the New York State Department of Health to organize and operate a statewide physician profiling project. The contract runs through 2003. The company also received a contract from the state of Indiana Family and Social Services Administration for a comprehensive array of services to increase its receipt of federal revenue. The four-year contract has a value of about $21 million. The company also received a one-year, $2.1 million subcontract from Unisys to provide technical services in development of a child support system for the state of Florida. (Press release)

NETSEC, a provider of remotely managed security services headquartered in Herndon, was awarded a four-year, $4.2 million contract to provide managed security services and security engineering services to U.S. Department of Justice. The contract consists of a base year and three, one-year options. (PRNewswire)

Northrop Grumman Information Technology, a Herndon-based provider of advanced IT solutions, will provide software and systems engineering support to the U.S. Army's Communications-Electronics Command in Fort Monmouth, N.J. The five base years have a potential value of $702 million. (PRNewswire)

Orbital Sciences Corp., a provider of satellite systems headquartered in Dulles, will build two additional C-band satellites based on its STAR-2 platform under a contract option exercised by PanAmSat Corp, a provider of satellite broadcast services based in Wilton, Conn. (Press release)

PEC Solutions Inc., a Fairfax-based professional services company, received a $1 million task order from an existing contract from the Fairfax County Circuit Court to develop software upgrades to the court's automated recording system. (Business Wire)

Planet Central, a Richmond advertising agency, was retained by Allfinanz Inc., a leading e-business software provider to the international financial services industry with offices in Dublin, Ireland, London and New York, to handle advertising and marketing material development. Billings are projected at $1 million. (Press release)

Raytheon Co. , a defense electronics firm headquartered in Lexington, Mass. with operations in Reston, was awarded a contract from Science Applications International Corp. to provide spares, repairs and support to the U.S. Air Force's Air Logistics Centers. Total awards over the life of the subcontract are expected to be $350 million. (PRNewswire)

Sensytech Inc. of Newington, a developer of ESM/ELINT threat warning systems and other special purpose communications equipment, received a contract award of $3.2 million for delivery of an airborne imaging system to a foreign government. (Business Wire)

SIGNAL Corp., a Fairfax information technology company, has won a task award from the U.S. Navy Fleet Material Support Office with an estimated total contract value of $1.9 million. The two-year contract involves providing technical expertise for the defense department's automated property management system. (Press release) The company was also awarded an $11.6 million task order from the U.S. Department of Transportation for DOCKETS Software Development Services. (Press release)

Teleglobe, the Reson-based e-world communications company, reached an agreement with Indiana University to provide TransPAC, a consortium of high performance networks enabling international research and education collaboration, with Internet connectivity between research and education networks in the U.S. and Asia. The agreement is worth an estimated $3 million. (Business Wire)

VERSAR Inc. of Springfield, a professional services firm supporting government and industry, was awarded a contract valued at $4 million for remedial action at the U.S. Army's Pueblo Chemical Depot. The company will provide treatment alternatives for the cleanup of soil and groundwater at a site in southeastern Colorado used for chemical munitions processing. (PRNewswire)

W.M. Jordan Co. of Newport News-based design and construction firm, was awarded a $3 million contract to build the Thimble Shoals Surgical Center in the Oyster Point area of Newport News. Owned by Next Century, the center will offer neurological, orthopedic and physical therapy practices. (Press release) The company was also awarded a $52.5 million contract to provide general contracting services to Westminster-Canterbury of the Blue Ridge in Charlottesville for expansion of its continuing care retirement community. The expansion includes a multi-story independent living building, commons and renovations to its existing building. (Press release)

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Cutbacks and Closings
Alcoa Wheel of Russell County, a manufacturer of forged aluminum automobile wheels, will close in August with a loss of 220 jobs. Decline in demand over the last two years and overcapacity in production at the plant led to the closing. (Bristol Herald Courier)

The Daily Press, a daily newspaper in Newport News, has frozen employee salaries for a year, part of an effort by its parent company, Chicago-based Tribune Co., to implement cost-saving measures. (Daily Press)

Landmark Communications Inc., a communications and publishing company based in Norfolk, will close Church Impressions LLC, a Greensboro, N.C.-based company that offered portrait and directory publishing services to churches. (The Virginian-Pilot)

Smithfield Foods Inc. called off the proposed acquisition of American Foods Group Inc. of Green Bay, Wis. because negotiations failed to produce final terms. (The Virginian-Pilot)

VF Corp., a Greensboro, N.C.-based apparel producer, will slash 2,300 jobs in Martinsville and Henry County by the end of the year as part of a restructuring aimed at boosting profit by focusing on fewer businesses. VF Imagewear will close its textile mill, sewing plant and administrative offices in the area by the end of 2002. (Richmond Times-Dispatch) VF Corp. also closed its Wrangler production plant in Madison County in January with a loss of 238 jobs, (The Daily Progress) and a Jeanswear facility in Shenandoah with the loss of another 250 jobs. (Daily News-Record)

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Divestitures
Landmark Systems Corp., a Reston-based systems management software developer, agreed to sell 12.5 million outstanding shares of stock to Allen Systems Group of Naples, Fla. for $62 million. (Potomac Tech Journal)

Emergent Information Technologies Inc. of Newport Beach, Calif., closed the sale of its Vienna-based Government Services Group to L-3 Communications, a New York-based provider of specialized secure communications products for the government and defense industry. Emergent received $39.8 million in cash. (Business Wire)

Motient Corp., a Reston-based wireless e-mail traffic network operator, turned over to creditors 9.8 million shares it owns of Washington, D.C.-based XM Satellite Radio Holdings Inc. in a move to reduce its $376 million debt. (Potomac Tech Journal)

PSINet Inc. of Ashburn entered into an agreement to sell PSINet Japan Inc. to Cable & Wireless IDC Inc. for $10.2 million. (Business Wire)

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Expansions
Advance Auto Parts will invest $14 million and create 234 new jobs at an additional facility in the city of Roanoke. (Press release)

Charles Ryan Associates, an integrated marketing communications firm based in Charleston, W. Va., expanded its offices to Richmond. Joining in the Richmond location will be Rev Interactive, the agency's multimedia design division. (Press release)

christopher consultants, the Fairfax engineering firm, has opened a Prince William County office. (Press release)

Novozymes Biologicals Inc., a developer and producer of naturally occurring microorganisms for industrial, consumer and agriculture uses, chose the Roanoke County Center for Research & Technology for relocation and expansion of its local research and manufacturing operation. The move from Salem will save 65 Virginia jobs and create 25 more. The company plans to invest $12 million within the next five years. (Press release)

US Airways, an airline headquartered in Arlington, launched new service between its Charlotte, N.C., hub and Aruba as part of its increased iservice throughout the Caribbean. (PRNewswire)

Williams Mullen has opened a law office in downtown Norfolk to bring the firm's maritime and international practice sections closer to clients. Lawrence H. Bryant will serve as the office's managing partner. (Press release)

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Real Estate
Corporate Office Properties Trust of Columbia, Md., the office real estate investment trust, acquired Chantilly based Washington Technology Park, a Class A office property, for $58.2 million. (Business Wire)

Terrabrook of Reston sold 8.5 acres in Reston Town Center to Trammell Crow Residential, which will break ground on a luxury multifamily community with 698 rental apartments. The center will also provide a new, 4,000-square-foot home for the Greater Reston Arts Center. (Press release)

Xerox Realty Corp. announced the sale of a 37-acre parcel at Lansdowne to Inova Health Care Services for $9.2 million. (Press release)

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Financing
Convera Corp., a Vienna-based provider of information infrastructure software, purchased 4,746,221 shares of Convera common stock from the National Basketball Association in return for $11 million. (Business Wire)

Hilb, Rogal and Hamilton Co., an insurance and risk management services firm headquartered in Richmond, announced a 2-for-1 common stock split effected in the form of a 100% share dividend. (Business Wire)

Liberty Tax Service of Virginia Beach, a retail tax preparation firm, secured $11 million in new capital. Participants include Envest Ventures and Edison Venture Fund. (Business Wire)

MCG Capital Corp., a solutions-focused financial services company in Arlington, closed its initial public offering of 13,375,000 shares of common stock at an offering price of $17 per share. (PRNewswire)

Milestones Equity Partners of Falls Church, a for-profit incubator for premier early stage technology companies, closed on an $11 million round of financing. The company plans to launch a minimum of seven incubators over the next three years. (PRNewswire)

Sonic Telecom Inc. of Chantilly, a global provider of video transmission services, said HSBC Holdings, through its subsidiary Mastel Ventures and previous investors, has invested $20 million in Sonic. The investment fully funds Sonic's business plan to expand the company's international network and sales force. (Business Wire)

Versura, an Arlington company that operates a Web-based education loan exchange, received $1.5 million in financing from the Ascend Venture Group in New York. The new capital will be used to fund business operations. (Potomac Tech Journal)

Xybernaut Corp. of Fairfax, a wireless communications firm, raised more than $11 million in equity capital through placement of common stock with institutional investors and exercise of warrants issued in connection with previous financings. (Business Wire)

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e.spire Communications Inc., a Herndon-based provider of integrated communications, filed two complaints against New York-based telecommunications company Verizon, saying it failed to pay millions of dollars of bills in violation of orders issued by the Maryland Public Service Commission and the U.S. Bankruptcy Court. (PRNewswire)

Infineon Technologies, a microelectronics company based in Germany with operations in Henrico County, secured an injunction through the U.S. District Court for the Eastern District of Virginia against Rambus, barring the Los Altos, Calif.-based firm from asserting fraud-tainted patents against Infineon's SDRAM and DDR SDRAM products. (Business Wire)

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