Washington-area business diary for week of May 30

May 29, 2011
Acquisitions

Zumudio, Spain-based wind-power company Gamesa has invested $5 million in SkyBuilt Power of Arlington in exchange for a 28.7 percent stake. SkyBuilt makes mobile renewable and hybrid power systems.

Awards

Serco Inc. of Reston has been named the Boeing Co.’s technology Supplier of the Year for its enterprise architecture technology. Serco also received the Boeing Performance Excellence Gold Award in January.

Northrop Grumman of Arlington has received Worker Safety Excellence Awards from the Aerospace Industries Association. The company was honored for having the lowest employee injury and illness rates in the aircraft manufacturing sector in 2010 and for its safety programs and practices.

Integrity Applications of Chantilly is among 30 finalists for the 2011 Secretary of Defense Employer Support Freedom Award, which recognizes employers for exceptional support of their employees serving in the National Guard and Reserves.

Science Applications International Corp. of McLean has received the 2011 Dwight D. Eisenhower Award for Excellence in the research and development category from the Small Business Administration.

Insurance Associates of Fairfax has been named a Silver ESOP Award winner by the ESOP Association. The award recognizes Insurance Associates for having an employee stock ownership plan for the past 25 years.

Thomas J. McElroy, senior vice president and chief accounting officer of Hughes Network Systems and corporate controller of Hughes Communications of Germantown, is to receive the 2011 Chairman’s Award from the Montgomery County Chamber of Commerce at the organization’s annual dinner June 1. McElroy also will be installed that night as the chamber’s chairman-elect for 2011-12.

Contracts

Interstate Hotels & Resorts of Arlington has been awarded the management of Homewood Suites Jackson Ridgeland in Mississippi and the Staybridge Suites Denver Cherry Creek in Colorado. Both hotels are owned by Summit Hotel Properties Inc. of Sioux Falls, S.D.

Satellite technology company GMV of Rockville has been awarded the contract to provide the flight dynamics system for O3b Networks Ltd.’s satellites. Thales Alenia Space, which awarded the contract, will install the system.

Utrecht, Netherlands-based SURFnet has selected Linthicum-based Ciena Corp. to enhance its optical network.

Information-technology company Duer Advanced Technology and Aerospace of Vienna has agreed to use Pittsburgh-based Vivisimo Inc.’s Velocity platform.

Expansions

The Collingwood Group, a District-based business advisory firm, has opened an office in New York City: 245 Park Ave., 24th Floor, New York, N.Y. 10167.

TeleCommunications Systems, an Annapolis-based mobile communications technology company, has opened a 36,000-square-foot facility at the Baltimore Commons Business Park in Hanover.

Mergers

Civista Health System of Charles County has agreed to join the University of Maryland Medical System. Civista Health System and Civista Medical Center will continue to be governed by their own boards and will keep their foundation. Civista Health’s board will select a member to serve on the UMMS board.

Liquidity Services, an online surplus auctioneer based in Washington, has agreed to acquire TruckCenter.com in an all-cash deal. TruckCenter runs an auction marketplace for fleet and transportation equipment. Liquidity agreed to pay $9 million upfront and up to $9 million more based on TruckCenter’s financial performance over a 24-month period.

Name changes

Cecile’s Wine Cellar of McLean is now called Chain Bridge Cellars. Web site: www.chainbridgecellars.com.

New products & services

Virtustream Inc. of Bethesda, a cloud services and infrastructure provider, is now offering VMware’s vSphere technology as part of its xStream cloud platform.

Message Systems of Columbia, a messaging technology company, has enhanced its Adaptive Delivery e-mail management software to automatically monitor and tune e-mail delivery parameters in real time.

McLean-based Science Applications International Corp.’s CloudShield Technologies subsidiary is now offering the CS-4000, a network security platform.

Herndon-based IT company DLT Solutions is now offering XO Communications’ IP communications, hosted IT and managed network software.

Other

Wal-Mart began a renovation of its Winchester store on May 9. The store remains open during the work, which is expected to be completed in July.

The Maryland Technology Development Corp. of Columbia has approved 36 projects to be funded with the Maryland Stem Cell Research Fund’s $10.4 million budget for 2011.

Ikea announced plans to install solar panels on its store in College Park. The work is expected to begin in late spring and be completed by the fall.

— Compiled by Shawn Selby

Comments
Show Comments

Sign up for CapBiz A.M.

Get the daily business newsletter for Washington.

Most Read Business