Leesburg anti-phishing tech company Cofense buys Israeli firm
Cofense plans to use Cyberfish's AI tools to battle phishing emails
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Leesburg-based tech firm Cofense, which specializes in phishing detecting and response solutions, announced Wednesday that it has acquired Israel-based Cyberfish, a company that provides artificial intelligence-based technology to battle phishing emails and websites. Financial details of the transaction were not disclosed. According to a news release, Cofense plans to use the data it has gathered
N.C. air purifier manufacturer will build $5.6M plant in Radford
Project will create 101 jobs in New River Valley region
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Oransi, a Raleigh, North Carolina-based manufacturer of air purifiers, will invest $5.6 million to establish a manufacturing facility in Radford, creating 101 jobs, according to an announcement Wednesday from Virginia Gov. Ralph Northam. “Oransi is very pleased to establish its first manufacturing facility in the city of Radford to develop and manufacture our best-in-class air
Caliburn International will separate into two companies
Reston-based federal contractor operated largest U.S. detention center for migrant children
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Calling it a “natural progression,” Reston-based professional services company Caliburn International announced Wednesday that it will split into two companies to focus on different capabilities. The federal contractor, which has about 8,500 employees, says it expects to complete the separation by Sept. 30. It also announced shifts in leadership to oversee the new companies, Acuity
McLean-based DISYS to acquire Florida staffing company
Deal will create company with $860M in revenue
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McLean-based global managed services and staffing firm Digital Intelligence Systems LLC (DISYS) has signed an agreement to acquire Signature Consultants LLC, an IT staffing, consulting and managed solutions company headquartered in Fort Lauderdale, Florida, DISYS announced Wednesday. Exact financial details of the transaction were not disclosed, but the deal creates a company with 8,500 employees
Genworth kills long-delayed $2.7B acquisition
Acquisition by China's Oceanwide Holdings Group had been pending since 2016
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Henrico County-based Fortune 500 insurer Genworth Financial Inc. announced Tuesday that it has formally terminated its long-delayed $2.7 billion acquisition by China-based Oceanwide Holdings Group Co. Ltd. The news follows a Jan. 5 announcement by Genworth that it was putting a hold on the deal, first announced in 2016. At the same time, the company
Va. restaurant, hospitality industry seeks $270M+ in relief funding
State association requests share of state's $3.76B American Rescue Plan funding
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Hard hit by the pandemic, Virginia’s restaurant and hospitality industry is asking the General Assembly to dedicate more than $270 million from the state’s share of federal American Rescue Plan dollars to assist hotels, restaurants and other hospitality-related industries. In a letter sent Tuesday to members of the state legislature’s money committees, the Virginia Restaurant,
Dominion’s Tom Farrell dies one day after retiring
Richmond-based Fortune 500 utility’s longtime leader was battling cancer
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Thomas F. Farrell II, the longtime chairman, president and CEO of Dominion Energy Inc., died Friday, one day after retiring as the Richmond-based Fortune 500 utility’s executive chair and top leader. Farrell, 66, was battling cancer, according to an announcement from Dominion. “Tom was a peerless mentor and outstanding leader who sought to find innovative
Tom Farrell retiring from Dominion Energy
Farrell has led Fortune 500 utility since 2006
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After 14 years leading Richmond-based Dominion Energy Inc., Thomas F. Farrell II is retiring as the utility’s executive chairman, effective April 1, according to Securities and Exchange Commission filings submitted by the Fortune 500 company last week. Farrell is also stepping down from the company’s board of directors; he will remain on for two months
Loudoun announces major mixed-use development along Silver Line
Rivana at Innovation Station will include apartments, office, retail, hotel
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Loudoun Economic Development unveiled plans Wednesday for Rivana at Innovation Station, a 4.4 million-square-foot mixed-use development adjacent to Metro’s Silver Line extension on a site Loudoun once proposed for Amazon.com Inc.’s HQ2 East Coast headquarters. Rivana is the first phase of Innovation Station, a 103-acre development to be built on the border of Fairfax and
Volkswagen Group of America pulls ‘shocking’ April Fools’ prank
Herndon-based car company falsely claimed it was rebranding as Voltswagen
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Calling it a “public declaration” of its priority on electric vehicles, Herndon-based Volkswagen Group of America Inc. unveiled a new company name, Voltswagen of America, accompanied by new branding, in a news release Tuesday. There was just one problem — the U.S. sales arm of the German automaker confirmed to news outlets Tuesday evening that