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Vienna-based Spire Global to buy Canadian company for $161.2M
Vienna-based space-focused data and analytics company Spire Global Inc. has entered into a $161.2 million deal to purchase exactEarth Ltd., a Canadian maritime data provider, the two companies announced Tuesday. Spire, which is set to close on the cash and stock purchase late this year or in early 2022, will operate Ontario-based exactEarth as a […]
ValleyStar Credit Union names new CEO
Martinsville-based ValleyStar Credit Union hired Mike Warrell as CEO, it announced Wednesday. “As ValleyStar strengthens relationships and builds upon its digital integration, Mike Warrell was the clear choice to move the credit union forward,” ValleyStar Chairman James Rorrer said in a statement. “He has the exper[...]
Service Center Metals to expand, add 94 jobs
Prince George County-based aluminum extrusions manufacturer Service Center Metals will spend $101.7 million to build two more facilities in the county, projects expected to create 94 jobs, Gov. Ralph Northam announced Tuesday. Service Center Metals will build an aluminum extrusion plant and a compact remelt plant in Crosspoint C[...]
Booz Allen acquires Fredericksburg-based Tracepoint
Fortune 500 global management consultant Booz Allen Hamilton Inc. has acquired Tracepoint, a Fredericksburg-based digital forensics and incident response (DFIR) company, Booz Allen announced Monday. Financial terms of the agreement were not disclosed. Baton-Rouge based Plexos Group LLC, Tracepoint CEO Chris Salsberry, Brett Anderson and Rob Driscoll co-founded Tracepoint in December 2019. Tracepoint provides DFIR, […][...]
Harrisonburg’s Farmer Focus hires CFO, R&D head
Harrisonburg-based Farmer Focus has hired Debarshi Sengupta as chief financial officer and Sean McLendon as head of research and development, it announced on Aug. 26 and Sept. 9. “Debarshi is an instrumental hire to guide our future, creating a strategic path forward to plan and resource our tremendous growth,” Farmer Focus [...]
EarthLink to create 285 jobs in Norton
Atlanta-based internet service provider EarthLink is spending $5.4 million to build a customer support center in Norton, a project expected to create 285 jobs, InvestSWVA and Gov. Ralph Northam announced Tuesday. As part of moving its customer service operations from overseas to the U.S., EarthLink will build a 30,000-square-foo[...]
Aery Aviation to add 211 jobs, expand Newport News HQ
Newport News-based defense contractor Aery Aviation LLC will add 211 jobs with the $15.3 million expansion of its headquarters in Newport News, Gov. Ralph Northam announced Tuesday. The aviation company will build a 60,000 square-foot hangar with access to the Newport News/Williamsburg International Airport runway and an engineering technology center to provide maintenance and modification […][...]
Del Taco expands to Virginia with 10 locations
California-based Del Taco Restaurants Inc. is expanding its taco empire into Virginia with 10 new locations, the company announced Monday. Del Taco signed a deal with Virginia Beach-based franchise group Virginia Taco. The nation’s second-largest Mexican quick service restaurant will have locations in Virginia Beach, Chesa[...]
U.Va. Cancer Center earns highest level in National Cancer Institute designations
The National Cancer Institute (NCI) at the National Institutes of Health awarded the University of Virginia Cancer Center a Comprehensive Cancer Center designation that will be effective Feb. 1, 2022, making it the 52nd program in the nation to currently hold the designation and the only one in Virginia. “This achievement is exemplary of the […]
Genworth launches IPO for mortgage insurance subsidiary
Nearly five months after it was first announced, Henrico County-based Fortune 500 insurer Genworth Financial Inc. on Monday launched an initial public offering for its private mortgage insurance subsidiary, Raleigh, North Carolina-based Enact Holdings Inc. Genworth Holdings Inc. (GHI), a wholly owned subsidiary of Genworth Financial, is offering 13.31 million shares of common stock in […]
TransUnion to acquire majority of Neustar for $3.1B
Chicago-based consumer credit reporting agency TransUnion has signed a definitive agreement to acquire Reston-based identity management tech company Neustar Inc.’s marketing, fraud and communications businesses for $3.1 billion in cash. The transaction is expected to close in the fourth quarter. The Neustar acquisition is expected to generate approximately $575 million in revenue and $115 million […][...]
State awards $8.85M to redevelop SWVA abandoned mine sites
The Virginia Abandoned Mine Land Economic Revitalization program intends to award funds to eight economic development projects across Southwest Virginia, Gov. Ralph Northam and U.S. Rep. Morgan Griffith, R-Salem, announced Friday. The Virginia Department of Mines, Minerals and Energy, which will be renamed the Virginia Department of Energy on Oct. 1, administers the program. The […]
