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$100M donor gift to launch U.Va. biotech institute
The University of Virginia will build a biotechnology institute funded with a $100 million donation from Charlottesville investor Paul Manning and his wife, Diane, the university announced Friday. Along with the Mannings’ gift, U.Va. will contribute $150 million, and the state has allocated $50 million in initial investmen[...]
Report: Capital One cuts 1,100 jobs
According to a report Friday in Bloomberg, McLean-based Capital One Financial Corp. eliminated more than 1,100 technology positions this week. The McLean-based Fortune 500 banking company confirmed in a statement that it has cut jobs but declined to disclose how many and where. “These associates are located throughout our [...]
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[...]
United Way of SWVA appoints development/outreach VP
The United Way of Southwest Virginia has named Beth McConkey as its new vice president of development and outreach, the organization announced Thursday. McConkey oversees the marketing and communications and development teams. She started her role in mid-December. She brings 16 years of marketing experience to the organization a[...]
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 […][...]
Virginia Chamber appoints Transurban exec as board chair
The Virginia Chamber of Commerce has elected Lakshmi Williams, North American general counsel for Transurban, to serve as the 2023 chair of the chamber’s board of directors. Her term will last one year. Based at Transurban’s U.S. headquarters in Tysons, Williams joined the Virginia Chamber’s board in 2018 and h[...]
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 […]
Colliers promotes two Va. execs
Colliers has promoted two executives to serve in new leadership roles. Jessica Butterworth, formerly director of engineering, will serve as senior director of operations for Virginia and Raleigh, North Carolina. Greg Nachman, formerly senior portfolio manager, has been promoted to director of operations for Richmond and Charlott[...]
Mary Washington hires admin/finance VP
The University of Mary Washington has hired Craig Erwin as vice president for administration and finance, effective Jan. 10. Erwin replaces Paul Messplay, who retires on Jan. 20. Erwin comes to UMW from Southwestern University, a private liberal arts college in Georgetown, Texas, where he was vice president for finance and admin[...]
Democrats call out Youngkin on Ford plant decision
Democratic state delegates excoriated Virginia Gov. Glenn Youngkin on Tuesday for taking Virginia out of the running for a $3.5 billion Ford Motor Co. battery manufacturing plant that would have created at least 2,500 jobs in Southern Virginia. The governor said last week that although Virginia was a finalist for the economic de[...]
TowneBank completes Farmers Bank acquisition
Suffolk-based TowneBank has completed its acquisition of Windsor-headquartered Farmers Bankshares Inc., the parent company of Farmers Bank, TowneBank announced Tuesday. The $56 million deal created a combined company worth $17.5 billion in total assets, loans of $10.9 billion and $14.5 billion. It adds Isle of Wight and Southamp[...]
