econ.news

November 2002


TOP STORIES

Updated Metro Corridor Map Now Available
Arlington Economic Development (AED) recently released an updated map of the major buildings in the Rosslyn-Ballston and Jefferson Davis Corridors. If you are in the real estate industry and would like a copy, please contact info@arlingtonvirginiausa.com.

New Edition Available: Guide for Starting a Business
The latest edition of AED's Guide for Starting a Business is hot off the presses. If you are starting a new business or working with a tenant new to Arlington, this publication is a must-have! Guide to Starting a Business contains all of the information needed to meet the regulatory requirements of Arlington County and the Commonwealth of Virginia. To obtain a copy, contact info@arlingtonvirginiausa.com or go to the Web site at http://www.smartplace.org/small_bus/guide.html.

EVENTSReturn to the Top of the Page

Arlington's First Annual Tech-E Award Winners Announced!
The Arlington e-Council held its first Annual Tech-E Awards Ceremony on Wednesday, November 6, 2002 at the Sheraton National Hotel. The e-Council is a sub-committee of the Arlington Chamber and a joint effort by the Arlington County Chamber of Commerce and Arlington Economic Development. Winners of the Tech-E award were chosen from fifteen finalists in five categories:

  • Technology Executive of the Year: Panos Anastassiadis, CEO, Cyveillance
  • Technology Company of the Year: InterImage, Leslie Steel, President
  • Innovator of the Year: Veridian/VeriTracks Development Team
  • Corporate Citizen of the Year: Booz Allen Hamilton
  • Technology Young Mind & Scholarship: Donald Oellerich, Yorktown High School
The ceremony's presenters included Eric Koefoot, Vice President, Washingtonpost.Newsweek Interactive; Scott Laughlin, Executive Vice President, LM&O; Alex Orfinger, Publisher, The Washington Business Journal; The Honorable Mary Margaret Whipple; Randy Anderson, Chairman, Arlington Chamber of Commerce. The Tech-E Award recognizes outstanding businesses and people in Arlington's high-tech industry, and is awarded by the Arlington e-Council. The Arlington e-Council began as a grassroots effort three years ago, to provide a forum for Arlington's high-tech companies to network and share ideas. Since the e-Council was formed, over 500 professionals from the technology industry have participated in some capacity in the e-Council. For further details of the event, please visit: http://www.arlingtone-council.com.

3H Technology to Host Breakfast Seminar
Arlington-based 3H Technology and New Moon Systems will host a complimentary breakfast seminar to explore the benefits of new thin client technologies for today's changing workplace. 3H is an information technology company specializing in enterprise networking and custom software development. New Moon System is a developer of server-based computing software and creator of Canaveral iQ™, a thin client computing solution. The breakfast seminar will be held on Wednesday, November 20th from 8:30 to 11:00 AM at the Ritz-Carlton, Pentagon City. For further details, and to register, please visit: http://www.3ht.com/seminarsandevents/default.asp.

ARLINGTON COMPANIES IN THE NEWSReturn to the Top of the Page

Virginia State Portal Ranked No. 1 in Country
The California-based Center for Digital Government has ranked the state of Virginia's official Web site as the nation's best government Internet portal. VIPNet.org, known as "My Virginia," was cited for its range of services, including online driver's license renewal and real-time election results. http://www.vipnet.org/cmsportal

Comso, Inc. Renews Lease
Comso, Inc., a leading-edge software solutions provider recently renewed the lease for its offices located at 2111 Wilson Boulevard in Arlington. The Ezra Company, a commercial real estate firm specializing in tenant representation, negotiated the deal for the 7,052 square-foot space. Comso provides services such as software engineering and application development, decision support and data warehouse technology and enterprise resource management to its clients. For more information on Comso, Inc., go to http://www.comso.com.

Veridian Wins $11.18 Million Deal to Connect DC-Area Installations
Arlington-based Veridian, a provider of computer systems and software to the intelligence community and military, announced on Friday that it has landed an $11.18 million order to install and integrate a new data network for the Military District of Washington DC. The company will perform the work for Fort Belvoir, Fort Meyer and Fort McNair. "Our work will support increased connectivity among these three Army installations," said Scott Goss, president of Veridian's IT Services Division. http://biz.yahoo.com/bw/021018/182277_1.html

Rosettex Technology & Ventures Wins $24 Million Army Deal
Arlington-based Rosettex Technology & Ventures Group, a joint venture of SRI International and Sarnoff Corp., said on Monday that it has won a five-year deal worth up to $24 million to develop advanced technologies and communications, intelligence, surveillance and reconnaissance systems for the U.S. Army at Fort Monmouth, N.J. Initial projects will include "satellite-on-the-move" communications, mobile wireless networking and visualization technology. Over time, the technologies developed are expected to be used for industrial and consumer purposes. http://www.sarnoff.com/news/index.asp?releaseID=107

GAO Denies Protest of Lucrative Veridian Deal with Navy
Arlington-based Veridian, a provider of systems and software to the national security and intelligence sectors, said on Friday that a protest of its $154 million Navy contract by Chantilly-based EER has been denied by the General Accounting Office (GAO). Veridian was awarded the deal with the Naval Air Systems Command Weapons Division in early July. However, two unsuccessful bidders -- EER and McLean-based SAIC - then protested the decision, seeking a share of the lucrative contract. http://www.veridian.com/news/getNewsArticle.asp?newsID=260

Investments in New VC Funds Down Sharply in Third Quarter
The Arlington-based National Venture Capital Association reported on Monday that during the third quarter of 2002, just 33 venture capital funds were raised, totaling $1.7 billion. The latest fund-raising figure is down from the second quarter, when venture capitalists raised $2.1 billion through 36 funds. The level of new funds has been largely stagnant for some time. An estimated $90 billion in capital is reportedly committed to venture funds, which is making it difficult for new funds to attract capital. http://www.nvca.org/nvca11_04_02a.html

CACI Wins $52 Million Contract
Arlington-based CACI International has won a $52 million contract to help the Army National Guard with its Distributed Learning and Training Technology program. CACI will further the Guard's move toward its goal of offering training and education services to all personnel - anywhere, anytime - by 2010. CACI is expanding its reach into the distance learning niche, one of the strong suits of CONDOR Technology's Government Solution Division, which CACI acquired in August. The Army National Guard's distributed Learning and Training program reaches 350,000 soldiers.

 

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