For the Record - Northern Virginia
- December 29, 2010
Acumen Solutions, an IT consulting firm headquartered in Vienna, will invest $2.35 million to expand its operations to serve commercial and government clients. The move will create 156 jobs. (The Associated Press)
CAX, an architectural firm in Tysons Corner, agreed to a merger with KTGY Group, of Irvine, Calif. The deal gives the combined companies a national presence for its clients. CAX principal Rohit Anand will manage the Virginia office. (News release)
Covance, a Princeton, N.J., drug manufacturer, will close its Vienna facility with the loss of 200 jobs. The company is also canceling plans to invest $175 million in a Prince William County drug development lab. A decline in demand from the toxicology market led to the decision. The Vienna operation was one of the company’s oldest facilities.
(The Washington Post)
K12 Inc., a Herndon-based provider of education software, bought American Education Corp. of Oklahoma City. American Education makes education software for students from kindergarten to adult ages. (Washington Business Journal)
ManTech International Corp., a Fairfax technology company, bought MTCSC Inc., a provider of command and surveillance technology headquartered in Chula Vista, Calif., for $75 million in cash. The deal is consistent with ManTech’s strategy for applying high-end technology in the defense and intelligence markets. (Business Wire)
Micron Technology Inc., a Boise, Idaho, manufacturer of computer chips, will invest $56 million to increase production at its Manassas plant. The investment will create 123 jobs.
(Washington Business Journal)