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McLean tech company buys D.C.-based firm
Ntiva Inc. acquires eGuard Technology services
McLean-based information technology company Ntiva Inc. announced Thursday it has acquired Washington, D.C.-based eGuard Technology Services. Financial terms of the transaction were not disclosed. Ntiva provides managed IT, cloud hosting, cybersecurity, communications and strategic IT consulting services, while eGuard monitors, maintains and secures customer IT infrastructures through a single point management system. “eGuard Tech has
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PAE to acquire Mass.-based tech company for $208M
Falls Church contractor to buy Centra Technology Inc.
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Falls Church-based defense and government services contractor Pacific Architects and Engineers (PAE) announced Monday plans to acquire Burlington, Massachusetts-based Centra Technology Inc. for $208 million in cash. “By acquiring Centra, PAE realizes a significant milestone in the execution of our strategic growth plan to be a provider of innovative, higher margin, knowledge-based offerings in attractive,
Herndon tech contractor announces leadership appointments
Valiant Integrated Services LLC names CFO, enterprise COO and chief growth officer
Published
Herndon-based tech contractor Valiant Integrated Services LLC announced Friday that Chief Financial Officer Mike Pilon has been promoted as the company’s first enterprise chief operating officer in a string of new leadership appointments. Dan Corbett will succeed Pilon, who had served as CFO since 2017. In his new role, Pilon will oversee operations, engineering and
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Labor market continues recovery in mid-October
Fewer people are reporting an earnings loss
Published
Despite ongoing pandemic struggles, the labor market continued to improve during the week ending Oct. 17, but at a slower pace than at the start of the recovery, according to Virginia Commonwealth University and Arizona State University economists. Early October saw 68.4% of working age adults employed, a more than 8% increase compared with April,
N.C. furniture manufacturer to create 150 jobs in Pittsylvania
Ison Furniture Manufacturing investment will invest $3.5M to acquire, renovate plant
Published
North Carolina-based Ison Furniture Manufacturing Inc. will invest $3.5 million to acquire and renovate the recently closed A.C. Furniture Co. Inc. facility in Pittsylvania County, creating 150 jobs, Gov. Ralph Northam announced Monday. Ison furniture will also purchase new assembly and production equipment for its upholstered furniture products. Its supplier, Dogwood Global LLC, will occupy
Virginia COVID-19 rate remains steady at 5%
U.S. sees surges, hits highest daily rate of new cases
Published
Virginia recorded an increase of 7,447 COVID-19 cases and 124 deaths last week, according to Virginia Department of Health statistics reported Monday, Oct. 26. The state’s positivity rate remained at 5% for the second week. As the nation sees surges in coronavirus cases, hospitalizations and deaths across the South, West and Midwest, the numbers in
VMI superintendent resigns amid racism probe
Retired U.S. Army Gen. J.H. Binford Peay III resigns after 17 years
Published
Following Virginia Gov. Ralph Northam’s announcement of a probe into allegations of racism at Virginia Military Institute, the school’s superintendent, retired U.S. Army Gen. J.H. Binford Peay III, has resigned. In a letter dated Oct. 26, Peay said that the probe announced by Gov. Ralph Northam and other top state legislators into allegations of racism
Chesterfield County retail property sells for $1M
Property 100% leased at time of sale
Published
A multi-tenant retail property in Chesterfield County sold for $1 million, Cushman & Wakefield | Thalhimer announced last week. Located at 10801 Midlothian Turnpike, the 9,735-square-foot property was 100% leased at the time of the sale to Howes Car Stereo, SMG Imports and My Elite Physique, said Cushman & Wakefield | Thalhimer Senior Vice President
Home sales continue to surge in September
Inventory remains low while home prices rise
Published
Virginia continues to see home sales surge, with a 35% increase during September, according to Virginia Realtors. Sales were up by a staggering 80% in Eastern Virginia when compared to last year. Northern Virginia saw a 37% increase, and Central Virginia saw a 24% jump. Although home sales historically slow following the summer season, the
Viva Virginia
Voters in four cities will decide in November's election whether to allow casinos in the Old Dominion
Published
Danville once stood tall as a driver of Virginia’s economy, an epicenter both for textile production at Dan River Mills and for tobacco when it was still the commonwealth’s golden leaf. Both industries came crashing down in the 2000s. A rising tide of public sentiment led to tobacco’s decline, and the federal quota system that