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Fl.-based private equity firm acquires Alexandria software company
Boca Raton, Florida-based private equity firm AE Industrial Partners LP announced late last week it had acquired Alexandria-based software company Linkware LLC and security and travel consulting firm Pangiam. Financial terms of the acquisitions were not disclosed. AEI will combine Linkware with Pangiam to form a travel solutions technology platform. The combined entity will operate […]
Gannett division acquired by Silicon Valley CRM developer
Silicon Valley-based customer relationship management developer SugarCRM announced late last week it had acquired New Jersey-based W-Systems, a division of McLean-based Gannett Co. Inc.’s UpCurve, which it acquired in 2019. Financial terms of the deal were not disclosed. Under the acquisition, SugarCRM will expand its implementation services for its artificial intelligence-powered sales, marketing and service […][...]
Spotify acquires Graham Holdings Co. business, Megaphone, for $235M
Music streaming giant Spotify Technology SA will acquire Arlington-based media and education conglomerate Graham Holdings Co.’s podcast technology company Megaphone for $235 million, the company announced Tuesday. Megaphone provides hosting and ad-insertion capabilities for publishers and targeted ad sales for brand partners, according to Graham Holdings Co., the family company of the late Katharine Graham, […][...]
Three Va. labs selected for OneLab Network
The state Department of General Services and Virginia Department of Health awarded three Virginia laboratories contracts to participate in the state’s new OneLab Network, aimed to expand the commonwealth’s COVID-19 testing capacity, the departments announced Tuesday. The OneLab Network, established by DGS’ Division of Cons[...]
City of Suffolk announces leadership overhaul
Following the late September resignation of former Suffolk City Manager Patrick Roberts, interim City Manager Albert Moor on Monday made several appointments to the administrative staff, including an acting deputy city manager. Suffolk City Council accepted Roberts’ resignation during a special meeting after a closed session[...]
Va. LISC, Chesterfield County announce small business relief fund
LISC Virginia and Chesterfield County announced Tuesday the launch of the $250,000 Chesterfield County Microenterprise Relief Fund, which will provide small businesses with five or fewer employees grants of up to $10,000 for COVID-19 relief. Funding can be used to pay for payroll, rent, utilities, vendor bills and other COVID-19-related expenses. Applications opened Monday at […]
Tazewell County directs $363K in CARES funding to Carilion Clinic
As Southwest Virginia continues to see a spike in COVID-19 cases, the Tazewell County Board of Supervisors announced Tuesday it is allocating $363,000 in federal CARES Act funding to Roanoke-based Carilion Clinic to be used to expand telemedicine and COVID-19 testing, as well as to improve access to primary care and specialty care services. “The […]
Kings Dominion to make holiday season comeback
Making a brief comeback before the end of 2020, Kings Dominion will reopen in December for a limited-time, limited-capacity holiday event after being closed for an entire summer season for the first time in its 45-year history, due to the COVID-19 pandemic. Owned and operated by Cedar Fair Entertainment Co., the amusement park i[...]
ODU Strome College of Business to host corporate governance conference
Old Dominion University’s Strome College of Business will host its sixth annual Conference of the International Corporate Governance Society from Nov. 13 to Nov. 15, its Department of Management and Entrepreneurship announced Tuesday. The conference will include a forum for international academics, practitioners and doctoral students to showcase and discuss corporate governance research findings. Conference […][...]
$60M directed to municipal utility relief
While some Virginians fear power and water shutoffs during the pandemic, Gov. Ralph Northam announced Monday that an additional $60 million in federal CARES Act funding will go toward municipal utility relief efforts. “These are challenging times for Virginia families and businesses, and we remain committed to helping them keep the electricity on and the […]
Peraton lands $950M Air Force contract
The U.S. Air Force awarded Herndon-based national security contractor Peraton a $950 million contract to provide services in support of the branch’s Advanced Battle Management System (ABMS), a component of the Department of Defense’s Joint All Domain Command and Control (JADC2) effort, the company announced Monday. Under the contract, Peraton will provide services including open […]
Hampton Roads operator of Downtown and Midtown tunnels sold in $2B+ deal
Elizabeth River Crossings HoldCo LLC, the operator of the Downtown and Midtown tunnels that run between Norfolk and Portsmouth, has been sold to Abertis Infraestructuras S.A. and Manulife Investment Management Ltd., on behalf of John Hancock Life Insurance Co., for more than $2 billion. Elizabeth River Crossings operates four tu[...]
