Westborough

Virtusa Corp. of Westborough reported revenue growth of 24 percent in its most recent quarter, but fell slightly short of analysts' estimate for both profit and sales.

This is an important year for wearable technology, with tech media outlets heralding an onslaught of so-called wearables for consumers; Google Glass, the head-mounted gadget that displays information in a smartphone-like format, is, arguably, creating the most buzz. On May 12, Washington Post blogger Haley Tsukayama reported that Amazon.com added a section on its website dedicated to wearable technology, which she wrote shows “the category is gaining visibility.” Meanwhile, major technology companies like Microsoft and Samsung are also developing wearable technology. Samsung has already released health and fitness “smart watches,” and TechCrunch.com reported in March that Microsoft paid “up to $150 million” in intellectual property owned by Osterhout Design Group, a company that develops wearable devices for military and other government organizations.

TechSandBox, the MetroWest innovation center for science- and technology-based startups, said it has received a $25,000 planning grant to develop a new accelerator program from the Westborough-based Massachusetts Technology Collaborative. As part of its efforts to strengthen regional innovation and entrepreneurship across the state, The Innovation Institute at the Massachusetts Technology Collaborative is providing the six-month grant to TechSandBox to design what it deemed a “new effort aimed at boosting high-potential entrepreneurs and startups in MetroWest.”

North America's largest publicly-owned shopping center operator has purchased Westmeadow Plaza in Westborough for $9 million.

Westborough-based Kopin Corp., a developer of wearable computing technology, posted a loss of $9.1 million in the first quarter that ended March 29, while revenue slid to $4.7 million, compared with $6.3 million a year earlier.

After six years in its West Main Street location, Avidia Bank has sold the historic Westborough building to Westborough TV, which offers local public access programming to the town, the companies announced in a joint statement.

CarMax Auto Superstores has purchased more than 40 acres of land on Route 9 in Westborough and plans to open a sales and service facility at the site.

Providence-based law firm Partridge Snow & Hahn LLP (PS&H), a business law and litigation firm with offices in Westborough, announced the opening of a new Boston office on Wednesday.

Weather-related disruptions put a dent in earnings for CSX Corp. in the first quarter, bringing net income down to $398 million, compared to $462 million in 2013, the freight carrier announced.

Three Central Massachusetts nonprofit charities are among 70 throughout the eastern United States that have been awarded more than $400,000 by the charitable arm of BJ's Wholesale Clubs.