Industries

For the Record - Northern Virginia

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Arlington Asset Investment Corp. executed a 1-for-20 reverse stock split of its Class A and Class B common stock. The move reduces the number of outstanding shares from 160 million to about 8 million. (PRNewswire)

The Corporate Executive Board, an Arlington-based consulting firm, bought TowerGroup, a financial services industry research firm based in Needham, Mass. The move strengthens CEB’s presence in the financial services sector, especially in the areas of technology and sales and marketing. (Business Wire)

George Mason University has received a Governor’s Technology Award, which recognize excellence in use of information technology.  GMU was given the Innovative Use of Technology in Higher Education Award for its Virtual Computing Lab, an initiative that allows any computer with Internet connection access to specialized software. (News release)

GEICO, an insurance company based in Washington, D.C., will hire 70 customer-service and sales counselors at its Fredericksburg office as part of an expansion of its mid-Atlantic operations. (Richmond Times-Dispatch)

Sunrise Senior Living Inc., a McLean owner and manager of retirement properties for senior citizens, sold 21 of its assisted-living community properties in 11 states to BLC Acquisitions Inc., for $204 million. The deal was made as part of a restructuring and asset management process by Sunrise. (PRNewswire)

Vanderpool, Frostick & Nishanian, a Manassas law firm, opened an office in downtown Fredericksburg. The firm specializes in various aspects of business law, such as real estate, zoning, mediation and intellectual property. (News release)

Verizon Business, of Ashburn, received a $5 million contract over three years, including options, from the NATO Command, Control and Communications Agency to assist in the strengthening of security for a virtual private network on the agency’s network, as well as secure Internet pathways and related encryption. (PRNewswire)

Virginia announced expansion plans by six companies in Fairfax County that will create 334 jobs over the next three years. The companies are ACS State and Local Solutions, Beltway Supply Inc., Coveros Inc., Intec LLC, RightStar Systems and Senior Living.com. The companies are involved in the technology, distribution and health-care sectors. (News release)

Volkswagen of America Inc., headquartered in Herndon, chose Deutsch LA, a global advertising and marketing firm, as its new advertising agency of record for the U.S. market. Deutsch will handle national and retail advertising efforts as VW moves to become a volume brand in the U.S. (PRNewswire)

ZoomSafer, a Reston provider of mobile communication solutions for drivers, raised $1 million in seed financing from a private investor. The proceeds will be used to launch commercial service for RIM Blackberry devices. The company also plans to speed development for Windows Mobile and Google Android devices. (Business Wire)


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