Sign In
Free Newsletter
757 economic recovery plan focuses on cooperation
At a Thursday news conference, Hampton Roads regional leaders unveiled a new economic recovery plan for the next two years that focuses on cooperation and resiliency. Hampton Roads Alliance President and CEO Doug Smith presented a report detailing multiple goals for the region to help it recover financially after the COVID-19 pa[...]
New jobless claims increased last week in Va.
Initial unemployment claims increased across the state last week, while continued claims dropped slightly, the Virginia Employment Commission reported Thursday. For the filing week ending March 6, 13,736 people filed new claims for unemployment insurance, up from 12,155 the previous week. Meanwhile, 62,269 people filed continued claims, marking a 2.7% decrease from the previous week […]
Vt. company buys Ashburn bioscience tech firm
Williston, Vermont-based bioscience software company MBF Bioscience announced last week it has acquired Ashburn-based Vidrio Technologies. Financial terms of the transaction were not disclosed. Vidrio Technologies provides microscope control software and hardware for laser scanning while MBF Bioscience provides microscope-based image analysis tools to researchers. “Vidrio has a pipeline full of exciting new products that [&helli[...]
Tysons risk analytics firm announces two acquisitions
Tysons-based risk analytics firm Qomplx Inc. announced Wednesday it would acquire Huntsville, Alabama-based cyber intelligence firm Sentar and London-based insurance software modeling firm RPC Tyche. Financial terms of the transactions were not disclosed. Qomplx announced earlier this month its plan to go public through a merger agreement with Tailwind Acquisition Corp., a special purpose acquisition […][...]
Virginia ABC announces Pappy Van Winkle lotteries
On Wednesday, the Virginia Alcoholic Beverage Control Authority announced that several highly prized Pappy Van Winkle whiskey products will be entered into an online lottery in March and April. The 23-year-old bourbon whiskey costs $300 per bottle, but in the online marketplace, a bottle of 25-year-old Old Rip Van Winkle bourbon[...]
CoStar Group expands presence in Richmond
Commercial real estate information and analytics company CoStar Group Inc. announced Tuesday it has subleased an additional 51,000-square-foot office space in Richmond. More than 200 staff members are expected to be based on the ninth, 10th and 11th floors of the Riverfront Plaza East Tower at 951 East Byrd Street, less than a[...]
Hampton Inn & Suites in Newport News sells for $9M
Chester-based Shamin Hotels has purchased a 120-room Hampton Inn & Suites in Newport News for $9 million. Shamin purchased the hotel, which it plans to renovate, from Yoder Inn Group LP as an investment. Located at 12251 Jefferson Ave. on approximately 2.65 acres, the hotel consists of 90 rooms and 30 two-room suites. Shamin[...]
The Hilb Group acquires Medicare-focused firm
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it has acquired West Greenwich, Rhode Island-based Compass Planners (CP). Financial terms of the transaction were not disclosed. Led by Jim Soucy, CP is an insurance company that specializes in Medicare Advantage. Soucy and his three colleagues will join THG’s Cranston, Rhode Island office. Soucy […]
Baltimore company acquires Richmond architecture firm
Baltimore-based MCA Architecture announced Tuesday it has acquired KOP Architects of Richmond. Financial terms of the transaction were not disclosed. MCA already has offices in Pennsylvania, Maryland and Virginia. It will close its current Reston location and consolidate the two Virginia offices in Richmond. MCA will gain clients including Virginia Commonwealth University, VCU Health, the […][...]
Roanoke, New River Valley organizations form tech alliance
The Valleys Innovation Council (VIC), the Roanoke-Blacksburg Technology Council (RBTC) and the Regional Accelerator and Mentoring Program (RAMP) have formed an alliance called Verge. In July 2020, the three groups announced they were developing the alliance, which is aimed at supporting the region’s technologists, innovators[...]
U.K. software company acquires Blacksburg firm
Nottingham, England-based software company Ideagen plc announced Tuesday it has acquired Blacksburg-based Qualtrax. Financial terms of the transaction were not disclosed. This marks the 21st acquisition for Ideagen, which provides quality management software for aviation, financial services, life science, health care and manufacturing industries. Founded in 1993, Qualtrax provides software that helps companies with managing […][...]
Springfield company wins $570.9M DOT contract
The U.S. Department of Transportation awarded Springfield-based engineering and technology company Ensco Inc. a potential 20-year, $570.9 million contract to help the Federal Railroad Administration operate and maintain a department-owned facility for rail system research, development, testing and training. Services will be performed at the Transportation Technology Center (TTC) in Pueblo, Colorado, according to a […][...]
