September 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
Performance Food Group, a food distributor headquartered in Richmond, acquired Thoms-Proestler Co., an Illinois-based food distributor, for $95 million. (07/26/02, Business Wire)

Advance Auto Parts, a provider of vehicle-related products headquartered in Roanoke, acquired 55 stores of the Maryland-based Trak Auto Corp., assumed existing leases and paid $16 million for inventory and fixtures in order to increase its presence in the Washington, D.C., market. (07/24/02, The Roanoke Times)

Riptech Inc., an Alexandria-based network security firm, is being acquired by Symantec Corp., an Internet security technology firm based in Cupertino, Calif., for $145 million in cash. Symantec is also buying Mountain Wave Inc., a security management software and services provider headquartered in Falls Church, for $20 million. (07/18/02, The Washington Post)

TrueCareers of Reston, a subsidiary of Sallie Mae offering online job board services, acquired CareerCity, a job board service provider based in Massachusetts, for undisclosed terms. (07/17/02, Potomac Tech Journal)

Deck America of Woodbridge, a home improvement specialist providing solutions for the fabrication, sale and installation of decks and deck enclosures, plans to be acquired by U.S. Home Systems Inc. of Dallas, a maker and seller of specialty home improvement products. (07/11/02, PR Newswire)

CACI International Inc., an Arlington-based provider of information technology and network solutions, plans to acquire Condor Technology Solutions Inc., a Baltimore-based technology and telecommunications company for an undisclosed amount. (07/11/02, Potomac Tech Journal)

SkyOnline Inc., a McLean-based telecommunications firm serving Latin America, acquired the Latin American data and Internet operations of Teleglobe, a Canadian provider of global communications, which filed for bankruptcy reorganization. (07/11/02, Potomac Tech Journal)

LCC International of McLean, a telecom consulting firm, announced its subsidiary, United Kingdom, acquired 51 percent of Detron Network Services, a wireless technology consulting firm in the Netherlands. (07/10/02, Potomac Tech Journal)

ADI Technology Corp., a provider of engineering and information-technology services headquartered in Alexandria, was bought by Perot Systems Corp., an information-technology firm based in Plano, Texas, for $32 million. (07/03/02, The Washington Post)

Novozymes, a Salem-based biotechnology company producing enzymes for industrial use, acquired InterBio, a Houston-based industrial biotechnology products firm, for an undisclosed price. (07/02/02, Press release)

Hilb, Rogal and Hamilton Company of Glen Allen, an insurance and risk-management services provider, acquired the assets of Flexible Concepts, an insurance agency headquartered in Dallas, Texas. (07/02/02, Press release)

ManTech International Corp., a Fairfax-based provider of information technology and technical services solutions for government customers, plans to buy Aegis Research Corp., an information technology and services provider based in Falls Church, for approximately $70 million in cash. (07/02/02, The Washington Post)

Ferguson Enterprises Inc. of Newport News, a distributor of plumbing equipment, purchased Clayton Acquisitions, a distributor of large underground pipes based in Tampa, Fla., for $113 million. (07/02/02, Daily Press)

The Mills Corp., a self-managed real estate investment trust based in Arlington, acquired its joint venture interests in Opry Mills, a 1.1 million-square-foot super-regional shopping center in Nashville held by its partner Opryland Attractions Inc. for $87 million. (07/01/02, Business Wire)

Internosis of Arlington, an information technology consultant firm, acquired Stratis Group Inc., an e-business solutions company based in Murray Hill, N.J. (07/01/02, PR Newswire)

Performance Food Group, a marketer and distributor of food products headquartered in Richmond, plans to acquire Middendorf Meat Co. of St. Louis, Mo., a food distributor. (06/28/02, Business Wire)

Flight International, a military training provider based in Newport News, plans to sell out to Veritas Capital, a private equity investment firm of New York City for $20 million. (06/27/02, Daily Press)

Ikimbo Inc. of Herndon, a messaging software maker, bought Redmind, an instant messaging company based in Cupertino, Calif., giving Ikimbo a system that archives and retrieves instant messages. (06/25/02, Potomac Tech Journal)

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Deals
The Nature Conservancy of Arlington plans to purchase logging rights in perpetuity from Stuart Land & Cattle Co. on its 6,000-acre Rich Mountain Farm along the border of Russell and Washington counties. (07/26/02, The Roanoke Times)

SLM Corp. of Reston, also known as Sallie Mae, a provider of education funding, extended its joint venture loan sales agreement established in 1996 with JPMorgan Chase Bank, a financial services firm based in New York. (07/25/02, PR Newswire)

US Airways Inc., an airline transportation company based in Arlington, formed an alliance with United Air Lines Inc. of Chicago, allowing passengers to book trips, and earn and redeem frequent-flier miles on each carrier, in an effort to generate more than $200 million a year for each airline. (07/25/02, The Washington Post)

Webversa, a Reston-based developer of software that allows employees to interact with company computer systems via phone and other electronic devices, was chosen by RedSiren Technologies Inc., a security services firm headquartered in Pittsburgh, to provide voice-automation technology to its security product. (07/24/02, Potomac Tech Journal)

Owens & Minor, a Richmond-based distributor of medical products, agreed to a $229 million, seven-year expansion of an existing technology services relationship with Perot Systems, an information technology firm headquartered in Plano, Texas. (07/23/02, PR Newswire)

Space Adventures, a space tourism company headquartered in Arlington, plans to offer the first 600 flights aboard Xerus, a suborbital launch vehicle from XCOR Aerospace of Mojave, Calif., within three years. The cost of the trip 62 miles above the Earth is $98,000. (07/23/02, Potomac Tech Journal)

Bristol Virginia Utilities, a Bristol-based municipal utility, reached an agreement to deploy broadband services of Dallas-based Alcatel, a designer and builder of communications networks, in Bristol's new all-optical network enabling the utility to deliver voice, video and high-speed data services. (07/23/02, Business Wire)

US Airways, a worldwide airline transportation company headquartered in Arlington, entered an agreement with Midway Airlines of Morrisville, N.C., under which Midway will operate as US Airways Express beginning in October 2002. (07/17/02, PR Newswire)

GTSI Corp., a Chantilly-based information technology solutions provider, appointed Ernst & Young as its independent auditors, replacing Arthur Andersen. (07/17/02, Business Wire)

Edge Technologies of Fairfax, a provider of information technology consulting, formed a strategic alliance with Tarantella Inc., an Internet infrastructure software developer of Santa Cruz, Calif., integrating the companies' products to give government agencies and commercial institutions secure access to applications. (07/09/02, Potomac Tech Journal)

Payerpath, a Richmond-based provider of Internet-based financial transaction solutions formed a strategic alliance with RealMed, an Indianapolis-based provider of interactive claims adjudication services to create a seamless claims submission and real-time claims adjudication process. (07/09/02, HealthWire)

Dominion Virginia Power of Richmond, plans to give 6,000 miles of transmission lines in North Carolina and Virginia to Pennsylvania-based power grid, PJM Interconnection, setting the stage for Dominion to become a member of the PJM regional transmission organization, a competitive wholesale market. (06/28/02, Richmond Times-Dispatch)

MicroStrategy Inc., a marketer of software to analyze business data headquartered in McLean, sold rights to its data-mining software to Yahoo Inc. to help evaluate the efficiency of Yahoo's online purchasing and advertising operations. (06/28/02, The Washington Post)

SER Solutions Inc. of Dulles, a knowledge management and search software provider, bought itself out of German parent company, SER Systems AG and bought SER Technology Deutschland GmbH, a German subsidiary of SER Systems AG. (06/26/02, Potomac Tech Journal)

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New Plants and Companies
SYSCO Corp. of Houston, Texas, a marketer of food products, plans to locate its first U.S. redistribution facility in Warren County creating 388 jobs in a $53 million investment. Virginia competed with Pennsylvania, New Jersey, Maryland and West Virginia for the project. (07/25/02, Press release)

Pacific Beverages, manufacturer of the "Pacific Chai" tea latte brand, moved its office and manufacturing facility from Lanham, Md., to Chesterfield County to respond to rapid growth. (07/18/02, Press release)

AT&T Wireless of Redmond, Wash., plans to locate an inbound calling center in Russell County through a $5.4 million investment. More than 300 employees will handle billing, coverage and technical and general support questions for its customers. (07/15/02, Press release)

Biomat USA Inc., a Los Angeles-based collector of human blood products, will open a plasma donor center in Hampton's Langley Square Shopping Center. Biomat plans to invest $1.4 million in new equipment and create 25 jobs. (07/03/02, Daily Press)

EsselPropack America, a tubing manufacturer headquartered in India, will locate its first U.S. facility in Danville to manufacture toothpaste tubes. Virginia competed with North Carolina for the $21 million investment, which will create 81 jobs. (07/02/02, Press release)

Comcast Cable Communications, a Philadelphia-based manager and provider of broadband cable services and programming, will open a technology support center in Prince William County. Virginia competed with Maryland and Michigan for the $21.5 million investment, which will create 200 jobs. (06/25/02, Press release)

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Executive Promotions
Theodore L. Chandler Jr., COO, LandAmerica Financial Group Inc. in Richmond; previously he was the company's senior executive vice president. (07/24/02)

Michael J. Ward, president, CSX Corp. in Richmond; previously he was president of CSX Transportation Inc. (07/10/02, PR Newswire)

Nicholas J. Masucci, CEO, The Louis Berger Group Inc. and Berger Group Holdings Inc. in Richmond; he already held position as president of The Louis Berger Group. (07/01/02, PR Newswire)

David Smith, president, COO, Sensytech Inc. in Newington. (06/25/02, Business Wire)

Socrates Verses, chairman, Realeum Inc. in Alexandria; he already held positions of president and CEO. (06/25/02, Business Wire)

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Contracts
GTSI Corp., Chantilly: $2.5 million from the U.S. Air Force Academy to provide more than 1,200 IBM ThinkPad T-30 laptop computers to be given to incoming cadets. (07/25/02, Business Wire)

Integrated Resource Technologies Inc. and McNeil Technologies, Springfield: $15.6 million over five years from the Defense Intelligence Agency to provide administrative support services. (07/25/02, Potomac Tech Journal)

SI International, McLean: $36 million over five years from the U.S. Department of Transportation Technology User Service (STATUS) Program Office as prime contractor providing automation support services to the U.S. Department of the Army Civilian Personnel Policy Office. (07/23/02, Press release)

Anteon International Corp., Fairfax: $10.4 million amendment to its U.S. Army Simulation, Training and Instrumentation Command contract and contract to provide instrumentation and installation support for U.S. Army combat training programs. (07/18/02, Press release)

Intermet Corp., Radford: $100 million over four years for its New River Foundry to make axle castings for Visteon Automotive Systems, a parts unit spun off by Ford Motor Co. (07/16/02, The Roanoke Times)

TUCON Construction Corp., Dulles: $29 million from the Loudoun County School Board to build the new Frances Hazel Reid Elementary School and Smart's Mill Middle School in Leesburg. (07/15/02, Press release)

Veridian Corp., Arlington: $1.3 million from the Interior Department to provide security risk assessments for 10 of the nation's largest dams and water treatment facilities. (07/12/02, Potomac Tech Journal)

Orbital Sciences Corp., Dulles: $39 million from the Jet Propulsion Laboratory to design, manufacture and support a NASA atmospheric science satellite that will provide high-resolution global maps of atmospheric carbon dioxide concentrations. (07/11/02, PR Newswire) Plus, a $7.4 million contract from the U.S. Missile Defense Agency to integrate a new liquid propellant booster used as a target vehicle in future tests of defensive missile systems. (07/11/02, PR Newswire)

Computer Sciences Corp., Falls Church office: $38 million over five years from the Navy to develop and maintain business systems and Web software. (07/10/02, Potomac Tech Journal)

Veridian Corp., Arlington: $154.4 million over five years from the Naval Air Systems Command's air warfare weapons division to provide information technology and network infrastructure relating to weapons systems. (07/03/02, Potomac Tech Journal)

KPMG Consulting Inc., McLean: designated by ChevronTexaco Corp. to provide global information technology and management services consulting. (07/02/02, PR Newswire)

MAXIMUS, Reston: $1.9 million by the New York State Office of General Services to streamline facilities management operations statewide. (07/02/02, Business Wire)

Anteon International Corp., Fairfax: up to $35 million over five years from the Space and Naval Warfare Systems Center, San Diego to provide scientific and technical information technology network maintenance. (06/26/02, PR Newswire)

Orbital Sciences Corp., Dulles: $3.6 million from the Tahoe Regional Planning Agency to supply a public transit vehicle management system. (06/27/02, Potomac Tech Journal)

ManTech International Corp., Fairfax: $6.1 million modification to a previously awarded contract from the Defense Department to provide engineering and administrative support for naval aircraft and their subsystems. (06/28/02, Potomac Tech Journal)

Sensytech Inc., Newington: $1.6 million for three Airborne Thematic Mapping systems for an international customer. (06/26/02, Press release)

McNeil Technologies Inc., Springfield: $3.2 million over one year from the U.S. Department of Energy to provide the Office of Building Technology, State and Community Programs with management, administrative and technical support services. (06/26/02, Press release)

Anteon International Corp., Fairfax: $93 million over five years from the Naval Surface Warfare Center, Carderock Division, to support the Navy's Enabling Technologies program. (06/24/02, PR Newswire)

Mid-Atlantic Division of Centex Construction Co., Fairfax: $30 million from Greenbaum and Rose Associates to provide construction services for Union Center Plaza Phase V located in Washington, D.C. (06/24/02, Business Wire)

Signal Corp., Fairfax: $8.5 million from the Army for four task orders involving technology integration, security engineering and infrastructure upgrades. (06/24/02, Potomac Tech Journal)

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Cutbacks and Closings
Federal-Mogul Corp., a supplier of automotive components and subsystems, plans to move its disc brake production from its Winchester plant to Smithfield, Tenn., reducing plant employees to 300 from 442. (07/18/02, The Winchester Star)

nTelos of Waynesboro, a communications provider, has stopped adding customers from the Roanoke and Shenandoah Valleys, Charlottesville and Richmond to its wireless cable TV service so it can focus on its three core areas: wireless service, Internet and local phone service to businesses. (07/17/02, Roanoke.com)

WorldCom Inc., a telecommunications firm with operations in Ashburn, eliminated 1,300 employee positions in Virginia, part of a company-wide, 17,000-employee layoff. (06/29/02, Richmond Times-Dispatch)

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Divestitures
Triton PCS of Berwyn, Pa., a wireless phone service provider, plans to pay $65 million for wireless licenses held by AT&T Wireless in Richmond, Norfolk and Roanoke in order to continue upgrades to its system. (07/26/02, Potomac Tech Journal)

The Pittston Company, a coal-mining firm based in Richmond, plans to sell all remaining coal mining assets in West Virginia to subsidiaries of Horizon Natural Resources Co., an Ashland, Ky.-based steam coal producer. It also sold almost all of its remaining operations and assets in Kentucky to subsidiaries of Richmond-based coal producer Massey Energy Co. (07/24/02, Business Wire)

Fairchild Corp., a Dulles-based airplane-fastener maker is being sold for $657 million in cash to Alcoa Inc., an aluminum company based in Pittsburgh. (07/18/02, Washington Post)

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Expansions
Zope Corp. of Fredericksburg, the developer of Zope®, an open source Web application server, is the founding sponsor of the nonprofit EuroZope Foundation, which will promote Zope software and business opportunities in European communities. (07/24/02, PR Newswire)

Galt Associates Inc., a Sterling-based provider of software for pharmaceutical and biotechnology companies, established a division to provide software to help companies monitor drug safety. (07/22/02, Potomac Tech Journal)

Pinnacle Design and Consulting, a residential and commercial architectural design firm headquartered in Fairfax, plans to open a satellite office in Pittsburgh. (07/22/02, Press release)

Ecutel Inc. of Alexandria, a provider of virtual network software, opened its first oversees office in Oslo, Norway. (07/09/02, Potomac Tech Journal)

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Real Estate
The Mills Corp., a real estate investment trust headquartered in Arlington, signed an agreement to purchase Forest Fair Mall, a 1.5 million-square-foot building in Cincinnati from Gator Investments of North Miami Beach, Fla. (07/22/02, Business Wire)

Pembroke Office Park, an investment partnership based in Hampton, bought Pembroke Office Park, a six-building park for $15.4 million from Virginia Beach Associates, a partnership out of Birmingham, Ala. (07/18/02, The Virginian-Pilot)

Aviation Facilities Company Inc. of McLean, an air-cargo facility development and management company, sold a 95 percent interest in Cargo Building 5 at Washington Dulles International Airport to AMB Property Corp. of San Francisco, a real estate investment trust for $42 million. AFCO plans to manage and lease the property and retain a 5 percent interest. (07/08/02, Press release)

United Dominion Realty Trust Inc., a real estate investment trust based in Richmond, acquired three apartment communities, in Raleigh, N.C., Lakeland, Fla. and Aurora, Colo., for approximately $72 million. (07/08/02, Business Wire) United Dominion also sold Sunset Point, an apartment community with 384 homes in Las Vegas, Nevada for $20.8 million. (06/20/02, Press release)

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Financing
Sunrise Assisted Living Inc. of McLean, a provider of assisted living for seniors, authorized a $50 million repurchase program for the repurchase of its outstanding common stock extending over the next 12 months. (07/23/02, PR Newswire)

Foxcom Wireless, a Vienna-based provider of in-building wireless communications solutions, completed a financing round of $9 million led by Momentum Management, an Alpharetta, Ga.-based venture group focused on technology companies. (07/18/02, Business Wire)

Webversa, a developer of software that allows employees to interact with company computer systems via phone and other electronic devices, received a $2.8 million venture capital round for sales and marketing efforts. (07/17/02, Potomac Tech Journal)

Cel-Sci Corp., a Vienna biotech company, closed a $1.3 million financing round with two institutional investors. (07/17/02, Potomac Tech Journal)

BIA Digital Partners, a private investment firm based in Chantilly, closed on a $29 million private capital fund and $58 million in matching funds to provide mezzanine investments to small and mid-size telecommunications firms. (07/16/02, Potomac Tech Journal)

Xybernaut® Corp., a Fairfax-based provider of mobile computing hardware, software and services, raised more than $5 million in equity capital through exercising $1 million of previously issued warrants and a $4 million private placement of common stock with institutional investors. (07/11/02, Business Wire)

Priva Technologies, a maker of security microprocessors and authentication technology headquartered in Arlington, received commitments for $14 million in venture capital. (07/08/02, Potomac Tech Journal)

Allied Research Corp. of Vienna, a defense and security firm, closed a $7.5 million financing of convertible subordinated debentures and warrants to The Riverview Group, an institutional investor based in New York. (07/02/02, PR Newswire)

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Hadron Inc. of Alexandria, a provider of high-tech solutions, changed its name to Analex Corp., which will specialize in developing intelligence and bio-defense solutions. (07/02/02, PR Newswire)

Optical Cable Corp., a maker and marketer of fiber optic cables for "high bandwidth" transmissions based in Roanoke, resolved a class action lawsuit against the firm's former CEO and other officers for $700,000 and stockholder warrants to purchase two million shares of company stock. (06/26/02, Potomac Tech Journal)

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