Industries

For the Record - Northern Virginia, October 2012

  •  | 
Print this page

DCS Corp., an Alexandria-based provider of IT solutions to government clients, bought Infoscitex Corp., of Waltham, Mass., which will become a subsidiary of DCS. The move expands DCS’ customer base by building on Infoscitex’s work in modeling and simulation. (PRNewswire)

Deltek Inc., a Herndon software and information solutions company, agreed to be bought by Thoma Bravo LLC, a private equity firm, in a $1.1 billion cash deal. Stockholders in Deltek will receive $13 for each share of stock. (Business Wire)

Gannett Co. Inc., a McLean media company, bought BLiNQ Media, an Atlanta-based technology company, which assists clients with ad buys on Facebook and other social media outlets. Gannett will pay $40 million in an all-cash deal. (Washington Business Journal)

iGate, a Pittsburgh-based provider of integrated technology services, will invest $1 million to establish an operation in Loudoun County, which will offer technology consulting services for government and commercial clients. The investment will create 250 jobs over the next two to three years. (News release)

Science Applications International Corp. (SAIC), a McLean-based technology services company, will separate into two publicly traded companies. The spinoff will focus on technical services for government clients and have an annual revenue base of $4 billion. The other will service the national security, engineering and health markets, with a revenue base of $7 billion. (Washington Business Journal)

Sunrise Senior Living Inc., of McLean, agreed to be bought by Health Care REIT Inc., of Toledo, Ohio, in an all-cash deal worth about $845 million. Sunrise’s common stock will be bought for $14.50 per share. The deal must receive approval from stockholders and regulators. (Washington Business Journal)

A bid by the U.S. National Slavery Museum in Fredericksburg to leave Chapter 11 was approved by a bankruptcy judge after a private donor agreed to pay a real estate tax lien by the city in excess of $300,000. Repayment of over $5 million owed to The Pei Partnership, an architectural firm, was previously reached under a separate agreement. (Richmond Times-Dispatch)

Virginia entered into an agreement for the building and enhancement of express lanes along 29 miles of Interstate 95 between Stafford and Fairfax counties. 95 Express Lanes LLC, a venture between Transurban DRIVe and Fluor Enterprises Inc., will build and operate the lanes for about $854 million under a 76-year lease. The state will contribute $71 million and maintain ownership of the roadway. (Richmond Times-Dispatch)


Reader Comments

comments powered by Disqus


showhide shortcuts