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Virginia Innovation Partnership Corporation Introduces New Name of CIT GAP Funds: Virginia Venture Partners

Retrieved on: 
Thursday, December 2, 2021
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Richmond, Virginia, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Virginia Innovation Partnership Corporation ( VIPC ) has announced a new name for CIT GAP Funds: Virginia Venture Partners.

Key Points: 
  • Richmond, Virginia, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Virginia Innovation Partnership Corporation ( VIPC ) has announced a new name for CIT GAP Funds: Virginia Venture Partners.
  • The renaming of the CIT GAP Funds to the Virginia Venture Partners reflects our new vision and mission as VIPC which is a critical part of the process.
  • Our new name, Virginia Venture Partners, is an exciting transition that highlights the noteworthy state of innovation in our region, said Tom Weithman, VIPC Chief Investment Officer and Managing Director of Virginia Venture Partners.
  • Since its inception in 2005, Virginia Venture Partners, formerly CIT GAP Funds, has deployed $32.4 million in capital across more than 240 portfolio companies, including 17 companies in designated Opportunity Zones.

Virginia's Innovation Leader Has A New Name

Retrieved on: 
Tuesday, November 16, 2021
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CIT will now be known as theVirginia Innovation Partnership Corporation (VIPC)and will function as the nonprofit operating arm of the Virginia Innovation Partnership Authority (VIPA).

Key Points: 
  • CIT will now be known as theVirginia Innovation Partnership Corporation (VIPC)and will function as the nonprofit operating arm of the Virginia Innovation Partnership Authority (VIPA).
  • CIT!s name and brand change to VIPC reflects a new era in the prioritization of innovation and entrepreneurship in the Commonwealth.
  • With the development of the Virginia Innovation Partnership Authority (VIPA) and the support for the rebranding of CIT to the Virginia Innovation Partnership Corporation (VIPC), the Commonwealths commitment to emerging technology and opportunity at all stages of the innovation process is clear.
  • This is an important next step in the growth and expansion of innovation in Virginia,said Bob Stolle, President & CEO of the Virginia Innovation Partnership Corporation (VIPC).

Sysorex Reports Eight-Fold Increase in Revenue for Q3 2021

Retrieved on: 
Monday, November 15, 2021
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HERNDON, Va., Nov. 15, 2021 (GLOBE NEWSWIRE) -- Sysorex (OTCQB: SYSX), the preeminent, U.S.-based, publicly traded Ethereum mining and technologies company, today provided a business update and reported financial results for the third quarter ended September 30, 2021.

Key Points: 
  • Wayne Wasserberg, CEO of Sysorex, commented, We continue to make solid progress following the merger between Sysorex and TTM Digital Assets & Technologies in April of this year.
  • Notably, our Q3 revenue increased more than eight-fold to $4.9 million, compared to $0.6 million for the same period last year.
  • Earlier this month, we purchased the remaining interests in our primary data center located in upstate New York.
  • Gain (losses) from operations for the three months ended September 30, 2021, and 2020 were $(2.5) million and $0.2 million, respectively.

Sysorex Acquires Balance of Up North Hosting Data Center and Increases Ethereum Mining Capacity

Retrieved on: 
Thursday, November 4, 2021
Efficiency, Securities Act of 1933, NVIDIA, Technology, ETH, Industry, Local government, Private Securities Litigation Reform Act, Graphics processing unit, Cryptocurrency, Climate, Review, OTCQB, Blockchain, Company, Intention, CEO, COVID-19, Environment, Privacy, Solution, Mining, Acquisition, GLOBE, Securities Exchange Act of 1934

HERNDON, Va., Nov. 04, 2021 (GLOBE NEWSWIRE) -- Sysorex (OTCQB: SYSX), the preeminent, U.S.-based, publicly traded Ethereum mining and technologies company, today announced that it has completed the acquisition of the remaining 50% of the upstate New York data center that houses the majority of its approximately 500 Gigahash of compute capacity, which is online, continuously mining Ethereum and securing the Ethereum Blockchain.

Key Points: 
  • Sysorex now owns 100% of the data center, which offers the Company immediate access to additional capacity to expand its mining operations.
  • The purchase price paid by Sysorex for the balance of the data center and GPUs was $1,000,000 and 1,000,000 shares of restricted Sysorex common stock.
  • The large majority of Sysorex Ethereum mining systems are already deployed in this data center and Sysorexs acquisition of the balance of the data center and the additional GPUs brings additional mining capacity online today and positions Sysorex to add meaningful mining capacity in the near future.
  • Sysorex, Inc. (Company) is a data center owner and operator and is the preeminent U.S.-based, publicly traded Ethereum mining and Ethereum Blockchain technologies company.

National Student Clearinghouse Announces Initiative to Create Centralized DEI Education Research Platform

Retrieved on: 
Wednesday, November 3, 2021
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HERNDON, VA, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Today, the National Student Clearinghouse announced a new research-focused diversity, equity, and inclusion (DEI) online initiative.

Key Points: 
  • HERNDON, VA, Nov. 03, 2021 (GLOBE NEWSWIRE) -- Today, the National Student Clearinghouse announced a new research-focused diversity, equity, and inclusion (DEI) online initiative.
  • This digital, interactive platform will be driven by data from the National Student Clearinghouse Research Center , whose data comes from a nationwide network of more than 3,600 postsecondary institutions and their combined 7,500 reporting branches.
  • To close persistent gaps in enrollment, retention, and degree attainment, sharing information amongst the research, workforce and education communities is imperative to create a more equitable education environment.
  • The National Student Clearinghouse, a nonprofit formed in 1993, is the trusted source for and leading provider of higher education verifications and electronic education record exchanges.

ManTech Announces Financial Results for Third Quarter of 2021

Retrieved on: 
Tuesday, November 2, 2021
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Material changes to any one of these items could have significant effect on future GAAP results.

Key Points: 
  • Material changes to any one of these items could have significant effect on future GAAP results.
  • ManTech Chief Financial Officer Judith L. Bjornaas said, "Our continued execution has led to strong profitability that is reflected in our revised guidance for the remainder of the year.
  • ManTech executive management will hold a conference call on November2, 2021, at 5 p.m. Eastern to discuss the financial results and outlook and answer questions.
  • These forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes we anticipate.

Serco Appoints Trey Theimer as Chief Growth Officer

Retrieved on: 
Monday, November 1, 2021
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Herndon, Virginia, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Serco Inc, a provider of professional, technology, engineering, and management services primarily to the U.S. and Canadian Federal Governments, has announced that appointment of Trey Theimer as Chief Growth Officer (CGO) and Senior Vice President, effective Monday, November 8, 2021.

Key Points: 
  • Herndon, Virginia, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Serco Inc, a provider of professional, technology, engineering, and management services primarily to the U.S. and Canadian Federal Governments, has announced that appointment of Trey Theimer as Chief Growth Officer (CGO) and Senior Vice President, effective Monday, November 8, 2021.
  • Trey brings more than 20 years of experience leading business development teams and executing strategic growth initiatives for a range of high-profile government contractors focused on military and civilian agencies.
  • Trey Theimer has proven success in winning new business and contributing to accelerated company growth.
  • We are excited to have her join our leadership team and help guide Serco into its next stage of growth, said Dave Dacquino, Chairman and CEO of Serco Inc. Trey is a great fit with our culture, which values innovation, collaboration, and inclusiveness.

CIT GAP Funds Invests in EstateTech Company OneDigitalTrust to Support Reinventing Personal Estate Planning for the Digital Age

Retrieved on: 
Monday, November 1, 2021
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OneDigitalTrust will use the funding from CIT GAP Funds to enhance its platforms capabilities and expand its business development, marketing and customer capture programs.

Key Points: 
  • OneDigitalTrust will use the funding from CIT GAP Funds to enhance its platforms capabilities and expand its business development, marketing and customer capture programs.
  • OneDigitalTrust recognizes that an estate plan is among the most personal of documents, containing often highly emotional and detailed decisions about family and finances.
  • We are grateful for the support of CIT GAP Funds and look forward to expanding our customer base.
  • CIT GAP Funds' investment decisions are guided by the CIT GAP Funds Investment Advisory Board (IAB).

ManTech to Acquire Gryphon Technologies

Retrieved on: 
Monday, November 1, 2021
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HERNDON, Va., Nov. 01, 2021 (GLOBE NEWSWIRE) -- ManTech International Corporation (Nasdaq: MANT) announced today that it has signed a definitive agreement to acquire Gryphon Technologies, a leading systems engineering firm, from AE Industrial Partners, for $350 million.

Key Points: 
  • HERNDON, Va., Nov. 01, 2021 (GLOBE NEWSWIRE) -- ManTech International Corporation (Nasdaq: MANT) announced today that it has signed a definitive agreement to acquire Gryphon Technologies, a leading systems engineering firm, from AE Industrial Partners, for $350 million.
  • Headquartered in Washington, D.C., Gryphon Technologies provides a broad array of advanced digital and systems engineering capabilities for Department of Defense agencies.
  • The acquisition adds over 1,500 highly skilled employees to the ManTech team and will expand ManTechs DoD footprint and suite of capability offerings with signature digital engineering solutions.
  • Braden said, We are very excited to become a part of ManTech, a recognized leader in supporting national and homeland security.

CIT GAP Funds Virginia Founders Fund Invests in Senior Runs to Assist Growing Population of Older Adults Navigate Transportation Needs

Retrieved on: 
Tuesday, October 26, 2021
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Richmond, VA, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The Center for Innovative Technology ( CIT ) today announced that CIT GAP Funds has invested in Newport News, Va.-based Senior Runs .

Key Points: 
  • Richmond, VA, Oct. 26, 2021 (GLOBE NEWSWIRE) -- The Center for Innovative Technology ( CIT ) today announced that CIT GAP Funds has invested in Newport News, Va.-based Senior Runs .
  • Senior Runs takes a lot of pride in our service and building trust with families to accommodate their unique transportation and care needs.
  • We are grateful for the support of CIT GAP Funds and look forward to seeing how this will support our continued growth!
  • CIT GAP Funds' investment decisions are guided by the CIT GAP Funds Investment Advisory Board (IAB).