Industries

For the Record - Northern Virginia

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American Systems Inc., a Chantilly-based IT solutions provider for the government and commercial sectors, was one of 12 companies chosen to help with development, design and testing of a biometric identification system under a Department of Defense contract. (News release)

Avitecture Inc., an audio-video systems company in Sterling, became an employee-owned operation through its employee stock ownership plan. Sidney L. Lissner, the company’s founder, will remain chairman. (News release)

Formatta Inc., a Fairfax-based provider of data capture and integration software solutions, closed on $3 million of financing from existing investor Edison Venture Fund and Silicon Valley Bank, pushing it over $7 million in funds raised during the past year. The company will use the proceeds to increase its market visibility. As part of the agreement, Grant Wagner joined the company as president and CEO. (Business Wire)

Gyrodyne Company of America Inc., a real estate investment trust based in Long Island, N.Y., purchased Fairfax Medical Center for $13.2 million. The 59,108-square-foot facility is home to 28 medical tenants. (PRNewswire)

Inova Health System filed a letter of intent with the state of Virginia to build an 80-bed hospital on Route 50 in Loudoun County. Plans call for establishing an emergency department, intensive-care unit, operating rooms and other hospital services and support units. In addition, Inova will build a Healthplex at the intersection of state Route 659 and U.S. 50, as a cornerstone for a full-service hospital. (News release)


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