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Recent Articles from Sydney Lake
Sept. Va. General Fund revenue increases 7.6%
Virginia’s General Fund revenue for September increased 7.6% compared to September 2019, Gov. Ralph Northam announced Wednesday. The increase was driven by growth in payroll withholding and corporate and recordation tax collections, according to the governor’s statement. “Virginia’s General Fund revenues are increasing, and we have been able to avoid the major revenue shocks th[...]
Northam announces wind training alliance
Gov. Ralph Northam on Wednesday announced the formation of the Mid-Atlantic Wind Training Alliance, Virginia’s first workforce training collaborative for the offshore and onshore wind energy industries. The program will offer industry-required certifications for wind project operations and long-term maintenance. The New College Institute in Martinsville will serve as the host institution, [...]
Calif. firm buys controlling stake in Vienna home security company
Palo Alto, California-based investment firm Twin Point Capital purchased a controlling stake in Vienna-based home security company Frontpoint Security, the company announced last week. Financial terms of the transaction were not disclosed. Founded in 2007 by Chris Villar, Aaron Shumaker and Peter Rogers, Frontpoint provides home security, life safety and smart home products and services […]
BAE Systems launches cyberthreat protection suite for military vehicles, systems
Arlington-based defense contractor BAE Systems Inc. (the U.S. subsidiary of United Kingdom-based BAE Systems plc) announced Tuesday it has launched a new cyberthreat detection and mitigation product suite to help military customers protect vehicles and systems from cyberthreats. The Fox Shield suite is designed to help platforms detect, respond to and recover from cyberattacks and […]
Va. hotel revenues continue to suffer
Virginia hotels continue to see significant revenue declines compared to pre-pandemic times, according to data from STR Inc., a CoStar Group division that provides weekly market data on the U.S. hospitality industry. For the week of Oct. 4 through Oct. 10, hotel revenues in Virginia were down 46% and rooms sold were down 29% compared […]
Va. Supreme Court denies Roanoke courts’ plan to resume jury trials
The Virginia Supreme Court has rejected a plan by Roanoke Valley’s courts to resume jury trials during the pandemic. Chief Judge David Carson of the 23rd Judicial Circuit of Virginia, which includes Roanoke, Roanoke County and Salem courts, said during an Oct. 13 Roanoke Bar Association Meeting that the Virginia Supreme Court rejected the proposal […]
Dulles software company to buy Texas-based firm
Dulles-based software company Unanet announced Wednesday it will acquire Austin, Texas-based customer relationship management software company Cosential. Terms of the transaction were not disclosed. Unanet provides project management software, timesheet software, expense reporting software and other human resources software to federal government contractors, architects and engineers (A/E). Cosen[...]
Reston contractor wins $59M USDA task order
The U.S. Department of Agriculture (USDA) awarded Reston-based AceInfo Solutions LLC (AceInfo) a $59 million task order to develop crop insurance software platforms, the company announced Wednesday. Under the task order from the USDA’s Farm Production and Conservation (FPAC) Risk Management Agency (RMA), AceInfo (a Dovel Technologies subsidiary) will provide software development services t[...]
Loudoun County Farm Fall Tour launches online Oct. 27
Loudoun County’s 25th annual Farm Fall Tour will launch online on Saturday, Oct. 27, to connect farmers with consumers for the harvest season. This year, 25 farms will be featured on the virtual farm tour. “This initiative follows a successful virtual Spring Farm Tour, which connected thousands of people from 16 countries with Loudoun farms […]
Dominion offshore wind turbines complete reliability testing
Richmond-based Dominion Energy Inc. announced Wednesday that its two turbine, 12-megawatt, $300 million Coastal Virginia Offshore Wind (CVOW) pilot project, located 27 miles off the Virginia Beach coastline, has successfully completed reliability testing. Dominion, the first U.S. electric utility company to install an offshore wind farm, began construction on the $300 million project in June, [&he[...]
