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Vienna-based OnLocation Inc. acquired by KeyLogic Systems
Vienna-based OnLocation Inc. has been acquired by KeyLogic Systems Inc., a subsidiary of McLean-based IIA Technologies Corp., the companies announced Wednesday. Financial terms of the transaction were not released. KeyLogic Systems is a Morgantown, West Virginia-based company that provides energy, data and power grid services to government agencies. OnLocation is an information and analytics company […][...]
Alphabet invests in Herndon cybersecurity startup
Herndon-based cybersecurity startup Expel announced Wednesday it received $50 million in Series D Round venture capital funding. CapitalG, the growth fund of Google LLC’s parent company Alphabet Inc., led the round. CapitalG General Partner Gene Frantz will also join Expel’s board of directors. Battery Ventures, Greycroft, Index Ventures, Paladin Capital Group and Scale Venture Partners […][...]
Va. airports saw drastic decline in passengers for April
Airports across the state saw significant drops in passenger numbers during March and April, while most people sheltered in place and canceled travel plans during the pandemic. On Tuesday, Norfolk International Airport reported a 94.2% decrease in passenger activity for April. In April 2019, the airport had more than 17 times th[...]
Gold’s Gym franchise owner appeals case to Va. Supreme Court
Seeking the right to reopen his businesses, the owner of nine Gold’s Gym franchises in Virginia has appealed to the Supreme Court of Virginia, which may rule by the end of the week. Late last month, a Culpeper County Circuit Court judge ruled in favor of Gov. Ralph Northam, whom Culpeper business owner Merrill C. […]
U.Va. research to inform COVID-19 drug treatment
The University of Virginia School of Medicine announced Tuesday that results from a 2019 U.Va. study are being used to inform a national study looking into the effectiveness of the antidepressant medication fluvoxamine as a potential treatment for COVID-19. Researchers at Washington University School of Medicine in St. Louis say the drug may prevent dangerous […]
Excella wins $20B federal contract for IT services
Arlington-based software and information technology management company Excella announced Wednesday it was awarded a contract worth up to $20 billion from the National Institutes of Health Information Technology Acquisition and Assessment Center (NITAAC). “We pride ourselves on our industry-leading expertise in modernizing IT across the federal government,” Excella co-founder and CEO Burton White said in […][...]
State’s virus cases increase by nearly 1,000 in 24 hours
Virginia now has 26,746 confirmed and probable COVID-19 cases, the Virginia Department of Health reported Wednesday. That’s an increase of 946 cases since Tuesday. Also, 927 deaths related to the coronavirus were reported in the daily update, up from 891 Tuesday. There are 3,520 people hospitalized with confirmed cases or probable cases statewide, and 160,077 […]
Richmond pharmaceutical company expands into Canada
Richmond-based pharmaceutical company Kaléo announced Wednesday it is expanding its market to Canada, offering its epinephrine auto-injector Allerject. The product used to treat severe allergic reactions will be available in pharmacies across Canada starting May 19. In response to a shortage of EpiPen in Canada in 2018, Kaléo’s original epinephrine auto-injector Auvi-Q was available in […][...]
Fairfax County approves $25M small business relief fund
The Fairfax County Board of Supervisors during its Tuesday meeting approved the establishment of a $25 million small business and nonprofit relief grant program for local businesses impacted by the COVID-19 pandemic. “I am very excited about this program — the first of its kind in Fairfax County,” Board Chairman Jeffrey McKay said. “Our hope […]
Reston IT company emerges from bankruptcy with new CEO
Reston-based IT infrastructure company Internap Corp. (INAP) announced Tuesday it has emerged from Chapter 11 bankruptcy protection with a new CEO and $300 million in liquidity. The company originally filed for bankruptcy protection March 16. “When we began the restructuring process, we did so with a clear objective of strengthening our capital structure and best […]
VCU-Ariz. State survey finds 1 in 4 unemployed
Roughly one in four U.S. workers employed in February were unemployed by the end of April, according to a biweekly survey conducted by Virginia Commonwealth University and Arizona State University economists. Employment is declining, but it’s doing so at a slower pace, the survey found. The survey, which covers the week of April 26 through […]
Northern Va. reopening delayed until May 29
In a new executive order, Gov. Ralph Northam allows localities in Northern Virginia to delay reopening nonessential businesses until Friday, May 29, two weeks after the rest of the state enters Phase One of the governor’s “Forward Virginia” plan. The counties of Arlington, Fairfax, Loudoun and Prince William, as well as the cities of Alexandria, […]
