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Norfolk tech startup plans $1M expansion
Norfolk-based digital magazine startup Magazine Jukebox Inc. (MJB) will invest $1 million to expand, moving from a coworking space into an office, and will create an estimated 20 jobs. Gov. Glenn Youngkin announced the expansion Tuesday. “We are proud that Magazine Jukebox, an emerging leader in the technology services sector,[...]
DroneUp takes off
Virginia Beach’s DroneUp LLC is riding the leading edge of the unmanned aerial vehicle industry wave. Founded in 2016, the company, which specializes in commercial drone delivery, flight services and software, has grown its ranks from three to 530 employees. Retail giant Walmart Inc. is a new partner, and DroneUp is close to c[...]
Torc names regulatory, safety SVP
Blacksburg-based Torc Robotics has named Michelle Chaka as senior vice president overseeing safety and regulatory matters, the self-driving truck company announced Wednesday. Chaka, who most recently has worked as a director for safety assurance and standards for Pittsburgh-based autonomous trucking solutions firm Locomation Inc[...]
Health first
2023 BEST PLACES TO WORK — SMALL EMPLOYERS WINNER SmartEdge IT LLC, a Herndon-based business software development company, places a high premium on employee health and well-being. SmartEdge pays 100% of the premium for its health care package and provides $50,000 life insurance policies for all full-time employees, benefits th[...]
Cox expands Myers’ role to East Coast
Cox Communications Inc. has expanded Virginia executive J.D. Myers II’s’ role so that he now oversees much of the East Coast. Myers, who is based in Chesapeake, previously had oversight of operations and business growth in Virginia. As senior vice president and region manager of Cox’s East Region, he now has ov[...]
Report: Air taxis could land Va. $16B in new biz by 2045
Air taxis could generate up to $16 billion in new business in Virginia and carry as many as 66 million passengers by 2045, according to an economic impact study released Tuesday. The report, commissioned by the Virginia Innovation Partnership Corp. and the state commerce and trade secretary, forecasts short, carbon-free flights[...]
Rocket Lab launches first mission from U.S. soil
After more than a month’s delay, Rocket Lab USA’s first launch from U.S. soil at NASA’s Wallops Flight Facility in Accomack County blasted off Tuesday evening. The mission, “Virginia is for Launch Lovers,” lifted off around 6 p.m. EST from the company’s Launch Complex 2 at Virginia Space’s Mid-A[...]
Amazon Web Services to invest $35B in Va. data center campuses
Amazon Web Services plans to invest $35 billion by 2040 to establish multiple data center campuses across Virginia, creating 1,000 jobs, Gov. Glenn Youngkin announced Friday. Youngkin’s office said in a news release that “numerous localities in the commonwealth are under consideration” for the campuses, and spe[...]
Babel Street acquires text analysis platform
Reston-based web and social media monitoring company Babel Street Inc. has completed its previously announced acquisition of text analytics platform Rosette. Financial terms of the transaction were not disclosed. Babel Street first announced the acquisition in November 2022. The company completed its purchase of the platform from Massachusetts-based BasisTech LLC at the end of December […]
Pavion acquires Mo. video security company
Chantilly-based technology firm Pavion, formerly Corbett Technology Solutions Inc. (CTSI), acquired Missouri-based Short Circuit Electronics Inc., Pavion announced last week. Financial terms of the transaction were not disclosed. Pavion is a portfolio company of Chicago-based private equity firm Wind Point Partners. The acquisition is Pavion’s 11th since it was acquired by Wind Point in June […][...]
Qmulos adds three execs
Chantilly-based tech company Qmulos has added three executives to its leadership team. Nick Jovanovic will serve as chief revenue officer, Theresa Feraren will serve as vice president of marketing and Russ Odom will serve as chief financial officer. Jovanovic comes to Qmulos with 20 years of experience working in enterprise data storage, cybersecurity, compliance and […]
GTT Communications emerges from Chapter 11
McLean-based GTT Communications Inc. has completed its financial restructuring process and emerged from Chapter 11 cases, the telecommunications company announced Jan. 3. “The transformed company is repositioned to focus on providing customers with industry-leading managed network and cloud security services that leverage the company’s global Tier 1 IP network,” GTT wrote in a news release. […][...]
