Posts Tagged ‘McLean’
Tuesday, May 24th, 2011
 NEW YORK – PAETEC Holding Corp. (NASDAQ GS: PAET), a nationwide provider of comprehensive communications solutions, today announced the launch of an expanded portfolio of cloud-based products and the planned deployment of new data centers coast-to-coast. The move comes on the heels of a national study that says the majority of U.S. data centers are running out of space.
As part of its overall cloud and data center strategy and leveraging its breadth and depth of experience in the cloud and data center space, PAETEC plans to add 13 data centers coast-to-coast by the end of 2012 to its current set of seven centers which will result in the company operating 20 centers nationwide.
“With the advent of high-speed networks and continued migration of network intelligence into the cloud, the need for these network-based services has increased dramatically and we see that trend continuing into the future,” said Arunas Chesonis, chairman and CEO of PAETEC.
ETEC currently has data centers in Andover, Mass., Bethlehem and Conshohocken, Pa., Richmond, Va., Milwaukee, Wis., Houston, Tex., and Phoenix, Ariz.
In 2011, the company has plans to expand to McLean, Va., Tampa, Fla., Columbus, Ohio, Detroit, Mich., and Charlotte, N.C. In 2012, data centers are also planned for Dallas, Tex., Chicago, Ill., Northern California, Rochester, N.Y., Pittsburgh, Pa., Denver, Co., Atlanta, Ga. and a location in the Pacific Northwest.
Tags: Atlanta, Charlotte, FL, GA, McLean, NC, new data centers planned, PAETEC, Tampa, VA
Posted in Carolinas, Economic Development, Florida, Georgia, Hardware, IT, North Carolina, Potomac, Virginia | Comments Off
Tuesday, May 10th, 2011
 McLEAN, VA - Clearspring Technologies Inc., provider of the AddThis social content sharing platform, has closed on a $20 million Series D round of funding led by Institutional Venture Partners (IVP) with participation from the company’s existing investors. The funding will be used to accelerate Clearspring’s next-generation publisher products and continued growth of its advertising offerings, as well as to help fuel strategic acquisitions.
IVP has funded online companies such as Twitter and Zynga.
The AddThis sharing tool, with its widely recognized orange box with white plus sign icon, is a familiar sight on more than 9M websites globally enabling users to share content easily with their friends through more than 300 different social networks in 70 languages. Armed with collective insight into what over 1 billion unique Internet users choose to read and share monthly through AddThis, Clearspring says it enables advertisers to reach the right audiences at the right time via ad exchanges and demand-side platforms.
Hiring an employee a week
“Clearspring processes 10TB of data per day. This as much data per week as the entire digital Library of Congress has stored online,” said Sandy Miller, General Partner at IVP. “This massive data set, coupled with their scalable and differentiated real-time data processing capabilities, puts Clearspring in a unique position to not only take advantage of the rising demand for audience data in advertising, but also enables them to disrupt a number of other markets. We’re excited about the investment and the growing opportunities associated with big data online.”
The AddThis platform has grown from reaching 200M users in 2008 to being one of the ten largest audiences online today. AddThis is also one of twenty web tools world-wide with a Google Page Rank of 10. With revenue on track to triple this year, the company is hiring a new employee almost every week, which will result in it almost doubling its staff this year.
Hooman Radfar, co-founder and CEO of Clearspring said, “With this investment, we can now bring the power of that reach back to the individual publisher via our next generation tools and services, which will focus on providing publishers actionable data, not just from the social web, but the entire web. Imagine the challenges we can help a publisher solve- -it’s a staggering opportunity.”
The company’s investors, in addition to IVP, include: New Enterprise Associates, Novak Biddle Venture Partners, former AOL vice chair and president Ted Leonsis, AOL founder Steve Case, Capital One co-founder Nigel Morris, and Silicon Valley super-angel Ron Conway.
Tags: AddOn, AOL founder Steve Case, Capital One co-founder Nigel Morris, Clearspring Technologies, financing, former AOL vice chair and president Ted Leonsis, Hooman Radfar, Institutional Venture Partners, McLean, New Enterprise Associates, Novak Biddle Venture Partners, online content sharing platform, Ron Conway, Sandy Miller, social media, Steve Case, Ted Leonsis, twitter, VA, venture capital, Zynga
Posted in Internet/New Media, IT, Marketing, Money, Potomac, social media, Virginia | Comments Off
Thursday, April 14th, 2011
 MCLEAN, VA – Centrifuge Systems Inc., which sells business intelligence software, has closed on a $2.06 million equity raise, according to a regulatory filing. The company previously raised $4.5 million in 2008 from Novak Bidddle Venture Partners.
Centrifuge Systems delivers interactive data visualization. Using advanced link analysis – complemented by charts, timelines and geospatial views – investigative analysts can discover non-obvious relationships and significant insights within their data more quickly than with other data visualization or data analysis technology.
Centrifuge allows analysts to combine disparate data sources and explore multiple data visualizations in a single integrated workspace—all through a standard web browser.
The company says the software helps solve challenging problems in fraud and money laundering, cyber security, law enforcement and other domains.
The company disclosed the current financing in a filing with the U.S. Securities and Exchange Commission.
TechJournal South is a TechMedia company. TechMedia presents the annual conferences:
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Tags: business intelligence software, Centrifuge Systems, financing, interactive data visualization, link analysis, McLean, Novak Biddle Partners, VA
Posted in Internet/New Media, IT, Money, Potomac, Virginia | Comments Off
Monday, January 10th, 2011
 MCLEAN, VA – So called “Serious games,” used for training and simulation, have gained considerable ground and the Southeast is a hub for serious game makers. McLean-bassed Alion Science and Technology, an employee-owned technology solutions company, was part of the winning team that received the 2010 National Training and Simulation Association (NTSA) Award for Outstanding Achievement in Modeling and Simulation in the “Training” category.
Alion developed the Damage Control Trainer, in partnership with Raytheon BBN Technologies, to prepare Navy recruits for deployment. The Trainer teaches recruits how to navigate a ship, follow communication protocols, perform damage control operations and train on real-life scenarios such as floods, fires and mass casualty exercises.
A study conducted at the University of Central Florida found that recruits who used the Damage Control Trainer for just one hour improved their performance in essential training areas by 50 to 80 percent. The Trainer had previously won the “Serious Games Challenge” in the Business category at I/ITSEC 2009.
“This second award for the Damage Control Trainer reinforces our belief that a well-designed game can provide measurable results in the real world,” said Rear Adm. Richard Brooks, Alion senior VP and manager of the Distributed Solutions Group.
“Designing an effective game requires more than exciting graphics. It has to engage the user while teaching skills in such a way that those lessons are retained. The Damage Control Trainer is helping prepare recruits for real-life situations, and that can mean much lower risk to both the sailors and the fleet.”
Other team members include IDSI, UCF and IDEAS.
Designing and developing award-winning serious games is nothing new for Alion’s serious game experts, who have presented on various serious game topics at the conference, including this year’s “How to Create an Award Winning Serious Game.” Alion Project Engineer Curtiss Murphy was interviewed by NTSA about the elements of making a game effective for training; the interview is available on the NTSA’s YouTube channel.
Alion has also led I/ITSEC’s “Modeling and Simulation 101” class for 11 years and the company’s experts have written numerous publications in top gaming textbooks.
Tags: Alion Science and Technology, Damage Control Trainer, McLean, Raytheon BBN Technologies, serious games, UCF, VA
Posted in Uncategorized | Comments Off
Thursday, November 18th, 2010
 MCLEAN, VA – Booz Allen Hamilton, the management and technology consultant company, raised $228 million in its initial public offering of stock Wednesday and saw its stock, initially priced at $17, saw the share price rise 13.2 percent to close at $19.25 on the New York Stock Exchange.
Carlyle Group, majority owner of the company, will retain a 71 percent stake in Booz Allen.
The company plans to use funds to pay off outstanding debt.
Booz Allen makes most of its money from contracts with the federal government.
The success of the IPO is a good sign for the markets, which will see General Motors start trading today in one of the largest IPOs ever.
Tags: Booz Allen Hamilton, IPOs, McLean, VA
Posted in Government/Defense, IPOs, IT, Potomac, Virginia | Comments Off
Friday, November 12th, 2010
 Richard Casey DURHAM, NC – Richard Casey, founder and CEO of Durham, NC-based Square 1 Bank, has died. The cause of death was not disclosed.
“Richard had immense passion for innovation and the entrepreneurial community. He believed this was the foundation upon which America was built and will continue to prosper.”
It noted, “Square 1 Bank was founded in 2005 by Richard and his wife Susan to help entrepreneurs succeed by creating a bank exclusively devoted to the unique needs of startups. Richard’s vision was to build a bank that was quick, flexible, accessible and high-touch, and run by highly-experienced talent who understood the needs of entrepreneurs,” Square 1 said in a statement.
Square 1 now has 10 offices throughout the United States and $1.2 billion in assets. Headquartered in Durham, it also has offices in Austin, Bsoton, Boulder, McLean, New York, San Diego, Santa Monica, Seattle, and Silicon Valley. Square 1 is a full service commercial bank exclusively serving the financial needs of the venture capital community and entrepreneurs in all stages of growth and expansion.
Bob Keith, Square 1 Bank’s Lead Director, said “Richard was an inspiration to his family, employees and the larger entrepreneur community. We will work tirelessly with the experienced management team that Richard built to honor his legacy and continue to grow an institution that supports entrepreneurs whose efforts drive innovation and economic growth.”
Casey is survived by his wife Susan, his daughter Leigh and his father, John.
Services will be held Saturday, November 13, 1:00 PM at St. Anthony of Padua Catholic Church in Southern Pines, North Carolina. In lieu of flowers, donations may be made to the Richard J. Casey Foundation whose mission is to promote the entrepreneurial spirit in America; c/o Square 1 Bank, 406 Blackwell Street, Suite 240, Durham, NC 27701.
Tags: Austin, Boulder, Bsoton, CEO, Durham, McLean, NC, New York, Richard Casey dies, San Diego, Santa Monica, Seattle, Silicon Valley, Square 1 Bank
Posted in Carolinas, North Carolina, People | Comments Off
Thursday, November 11th, 2010
 MCLEAN, VA - Primus Telecommunications Group Inc. (OTCBB: PMUG), a global facilities-based integrated provider of advanced telecommunications products and services, has agreed to acquire Arbinet Corp. (NASDAQ: ARBX), a leading provider of wholesale telecom exchange services to carriers, for $28 million in an all-stock transaction.
Primus is a provider of advanced communication solutions, including, traditional and IP voice, data, mobile services, broadband Internet, collocation, hosting, and outsourced managed services to business and residential customers in the United States, Canada, Australia, and Brazil.
Arbinet is a provider of international voice, data and managed communications services for fixed, mobile and wholesale carriers. With more than 1,200 carrier customers across the globe.
Primus says the combination of its global wholesale business with Arbinet should enhance global competitive positioning by allowing customers to access more global routes at competitive rates and diversifies the product portfolio of international voice and data services across all existing customer segments.
The company expects that the combination will improve gross margins and resulting EBITDA by eliminating operating redundancies and adding the benefits of increased scale.
Founded in 1994, Primus is headquartered in McLean, Virginia. Founded in 1997, Arbinet is headquartered in Herndon, Virginia.
Tags: Acquisitions, Herndon, McLean, telecom, VA
Posted in Acquisitions, Internet/New Media, Telecommunications | Comments Off
Thursday, October 14th, 2010
 MCLEAN, VA – USA TODAY has launched the USA TODAY Developer Network. Found at developer.usatoday.com, the Network portal provides USA TODAY APIs (Application Programming Interfaces) and a community for developers to discover content and build new applications for the web and digital platforms.
“With the launch of the USA TODAY Developer Network we invite developers to experience exciting new ways to tap into some of the great content that is unique to USA TODAY,” said Steve Kurtz, vice president of digital development for USA TODAY. “We look forward to realizing some of the untapped potential of our content by reaching our audience in this promising new way.”
USA TODAY partnered with Mashery, the a provider of API management and strategic services, to help launch the API.
Two APIs are currently available on the USA TODAY Developer Portal. The USA TODAY’s Best-Selling Books API allows developers to retrieve information about the USA TODAY Best-Selling Books list, as well as list history and other metadata for individual books. The Professional Sports Salaries API offers detailed data from USA TODAY’s sports salaries database dating back more than 20 years, and includes MLB, NFL, NBA and the NHL.
Additional APIs will be released on an ongoing basis at developer.usatoday.com as USA TODAY begins to make more and more of its content available.
Tags: developer network, McLean, USA Today, VA
Posted in Internet/New Media, IT, Potomac, Virginia | Comments Off
Friday, October 1st, 2010
 MCLEAN, VA – Bookkeeping Express Enterprises, a company selling outsourced financial reporting for small businesses, has raised $200,000 of a planned $1 million equity offering, according to a regulatory filing.
The company says it is the first U.S. franchise focused solely on certified bookkeeping services.
It offers current and future BookKeeping Express franchise offices, independent bookkeepers and CPA firms providing bookkeeping services with outsourced support.
Founded in 1984 in California and grew to over 150 locations through licensing agreements. In 2007, Greg Jones, along with Bob Stocker and Merritt Green, purchased the company and launched the new business model in McLean, Va. in January 2008.
Jones has said in interviews that it relieves small business owners of bookkeeping tasks so they can concentrate on growing their businesses.
The company disclosed the current raise in a filing with the US Securities and Exchange Commission.
To contact TechJournal South writer/editor Allan Maurer, Email: Allan at TechJournalSouth dot com.
Tags: Bookkeeping Express, financing, McLean, VA
Posted in IT, Money, Potomac, Virginia | Comments Off
Monday, September 13th, 2010
 ATLANTA – Company.com, a firm providing information and lead generation services, has raised $3.4 million of $4.9 million in equity, accordng to a regulatory filing.
Investors include Blue Water Capital of McLean, VA and FTV Captial, San Francisco.
The company CEO and chair, Wiulliam Wade, founded the firm in 2008.
The company provides an online portal for small and medium-sized businesses, with guides to professional services, answers to questions, a marketplace, how-to articles, savings deals, and advice from experts.
Tags: Atlanta, Blue Water Capital, Company.com, financing, Georgia, McLean, SMB portal, VA
Posted in Georgia, Internet/New Media, IT, Money | Comments Off
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