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Software Giant Symantec Buys Reston-Based Security Firm
Lore Internet Systems Adds European Center
Lore Internet Systems, a Herndon-based Internet service provider and Web-hosting company, has opened a new data center in Milan.
The new center is part of Lore's expansion into Europe, which will continue in the next two years with the opening of a data center in Eastern Europe. The company already has centers in Boston, Zurich and Brussels, as well as the Washington area.
  Steve Crutchley, left, and Christopher Parker started their Reston software company, 4FrontSecurity, in 2002. (By Gerald Martineau -- The Washington Post) |
Michael Velotta, president of the company, said in a news release that the new center will offer data replication between Milan and Brussels in case of a massive power failure.
PRA to Close N.J., Ottawa Offices to Cut Costs
PRA International, a Reston-based provider of services to clinical development organizations, said that it plans to close two facilities in anticipation of lower earnings this year. The company said it is closing its facilities in Eatontown, N.J., and Ottawa to cut expenses without having to cut the size of its staff. The restructuring will cost about $9 million, to be expensed over the next two years, but will allow it save about $4 million a year. It will also allow some project managers to work from home.
"We are taking immediate actions aimed at getting PRA back on the path to accelerated growth," said Terry Bieker, the company's interim chief executive.
The company said it is expecting to see earnings per share of $0.95 to $1.05 in 2007, down from $1.32 each of the past two years. PRA employs about 2,700 people worldwide.
QinetiQ Acquires Information Technology Company
QinetiQ North America, a McLean company that secures information for defense and homeland security agencies, announced last week that it will acquire ITS Corp., an information technology company in Oxnard, Calif., for about $90 million.
The purchase of ITS, which works with the military, intelligence and homeland security agencies, will strengthen QinetiQ's information technology business with the federal government, the company said in a news release. The acquisition is expected to be completed by the end of next month.
