Industries

For the Record - Northern Virginia, February 2012

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Acentia, a company that provides technology and management solutions to the federal government and commercial markets, plans to invest $3.1 million to move its corporate headquarters to Fairfax County from Montgomery County, Md. The project is expected to create 60 new jobs. (News release)

BIA Digital Partners LP, of Chantilly, led a $13.5 million investment in Cooking.com, a California website that markets products for the kitchen and offers a library of recipes and menus. It is BIA’s first investment in Cooking.com, which will use the proceeds to grow the website and its partner sites. (Washington Business Journal)

The Center for Innovative Technology, a Herndon-based facilitator of technology and research in Virginia, invested $100,000 in Ringio, a McLean company that offers cloud-based customer service telephone solutions utilizing mobile services, social media and existing customer databases. (Washington Business Journal)

Invincia Inc., an IT security firm based in Fairfax County, received $5.1 million in new investment from existing backers. The proceeds will be used to facilitate growth in its services, which focus on malware protection, particularly from phishing threats. (Washington Business Journal)

LightSquared, a Reston firm building a nationwide wireless broadband network, entered into an agreement with Smarter Car, of Kirkland, Wash., to provide car dealerships and owners with access to data and diagnostic capabilities anywhere in the country. (News release)

SAIC Inc., a McLean defense contractor, won a more than seven-year contract worth in excess of $1 billion, including a two-year option, from the Defense Department to manage the supply chain of tires used by military aircraft and vehicles. (Washington Business Journal)

SRA International, a government contractor located in Fairfax, sold its ERA unit to Omnipol A.S., a defense and aviation company in the Czech Republic. SRA bought ERA, which produces various types of sensors, in 2008 in an effort to diversify its offerings. That effort was not successful, and SRA decided to concentrate on its core IT and strategic consulting services. It sold ERA’s air traffic management business to ITT in 2010. (Washington Technology)

Virginia Heritage Bank relocated its corporate headquarters from Fairfax to Vienna. The bank outgrew its office in Fairfax and took a 10,500-square-foot location in the same building as its Tysons branch. VHB will maintain a working branch in Fairfax. (Business Wire)

Weingarten Realty Investors entered into partnership with Hilltop Sand and Gravel Company Inc. to develop Hilltop Village Center, a 370,000-square-foot mixed-use property in Alexandria. (Business Wire)


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