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News & Announcements

10/25/2013 – Center for Innovative Technology Invests in Reston-Based SL8Z

The Herndon-based Center for Innovative Technology (CIT) said it has invested an unspecified amount in Reston-based SL8Z, developer of an online marketplace for crowdsourced recruiting.

10/24/2013 – InspireMD receives $10M from Hercules Technology Growth Capital

InspireMD said Thursday that it has closed $10 million in financing from Hercules Technology Growth Capital.

10/24/2013 – 5 startups receive $1M in loans from Anne Arundel VOLT fund

Five startups, including SameGrain and Light Point Security, received more than $1 million from the VOLT Fund technology loan program administered by the Anne Arundel Economic Development Corporation.

10/23/2013 – CIT Invests in SL8Z CrowdSourced Recruiting

The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds closed an investment in SL8Z, Inc., a global marketplace for crowdsourced recruiting located in Reston.

10/22/2013 – Wellington Financial Provides $2.5 Million Growth Capital to SaaS Platform Company

Wellington Financial LP, a privately-held specialty finance firm, today announced the closing of a US$2.5 million venture debt financing for a Southern California-based software-as-a-service (SaaS) web platform company.

10/22/2013 – Higher Logic Ranked Among Top 100 Washington, D.C. Companies in Annual Inc. 500|5000

Higher Logic, the leading industry provider of private social networking software for associations, franchises and users groups, has been ranked #18 among the Top 100 Washington, D.C. Companies in Inc.s seventh annual Inc. 500|5000.

10/22/2013 – CC13 Presenter Univa Completes Acquisition of Grid Engine Assets

Univa, the Data Center Automation company, today announced that the company will assume support of Oracle Grid Engine customers. As a part of the transaction, Univa acquired Oracle Grid Engine assets and intellectual property making it the sole commercial provider of Grid Engine.

10/21/2013 – Maryland Tedco seeks $30M to invest in veteran-owned businesses

An arm of the Maryland Technology Development Corp. is aiming to raise $30 million for a new fund dedicated to investing in veteran-owned businesses.

10/17/2013 – Square 1 Bank Provides Credit Facility to CrossCut Ventures

Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a credit facility to Santa Monica-based CrossCut Ventures, a seed-stage venture capital firm.

10/16/2013 – How Playlists Help College Hopefuls, Overwhelmed Advisers

Mytonomy, a D.C.-area video startup, aims to connect students with college and career advice from near-peers and other role models.

10/16/2013 – A string of Washington area companies collect venture capital investments from investors including Updata Partners, LLR Partners

Venture capital deals in the fourth quarter may be off to strong start after a series of companies from around the Washington region collected millions of dollars from investors this week.

10/15/2013 – DLA Piper advises Vocalocity in $130m deal with Vonage Holdings

DLA Piper has advised Vocalocity, a provider in the SMB-hosted VoIP market, on the $130m (£82m) sale of its business to New Jersey-based telecommunications provider Vonage Holdings.

10/15/2013 – Nginx Raises $10M Series B Round Led By NEA

Nginx, the company behind the increasingly popular web server by the same name, today announced that it has raised a $10 million Series B round led by New Enterprise Associates.

10/15/2013 – TechBUZZ Presenter Parking Panda Makes Business Insider's 'Best Startups' list

Business Insider has featured a list of the 15 Best Startups to Work For in America and two Baltimore companies made the list: Parking Panda and Groove Commerce.

10/15/2013 – Logi Analytics Secures $27.5M Investment led by LLR Partners, Updata

Logi Analytics, the authority on embedded analytics, today announced that it has closed a $27.5 million growth equity investment led by new investor LLR Partners. Current investor Updata Partners also participated in the round.

10/14/2013 – Speek Partners with Dell to Offer Speek Pro to Entrepreneurs

Speek, a platform for super simple conference calling, announced that it will be featured in the new Dell Marketplace.

10/10/2013 – Fairfax County EDA wins top marketing award

The International Economic Development Council (IEDC) honored the Fairfax County Economic Development Authority (FCEDA) with a 2013 Excellence in Economic Development Award for the FCEDA’s unique and extensive program that works with foreign companies interested in establishing or expanding operations in the United States.

10/09/2013 – AnyPresence Wins Top Platform/API Award at DataWeek 2013

AnyPresence today announced that its enterprise backend-as-a-service platform won the Top Platform/API award at DataWeek 2013.

10/08/2013 – AdMobius & Lotame Partner to Enhance Mobile Ad Targeting

AdMobius, the first mobile audience management platform and Lotame, the global leader in unifying data management, today announced a partnership, designed to offer publishers access to true behavioral and demographic audiences to better target ad campaigns across mobile devices.

10/08/2013 – NHS to Work with Basho for Electronic Health Service

The UK’s National Health Service (NHS) is radically rethinking the way it deals with data, using Silicon Valley-based Basho Technologies’ Riak distributed database as part of its Spine2 database system used for dealing with its increasingly digitized health service.

10/08/2013 – Notable Solutions Awarded U.S. Army Certificate of Networthiness

Notable Solutions, a leading provider in secure information collection and output management solutions, announced today it has been awarded the U.S. Army Certificate of Networthiness (CoN) by the U.S. Army Network Enterprise Technology Command (NETCOM).

10/05/2013 – Merchants are minding their digital critiques

Greg Dodge, owner of Zavino at 13th and Sansom Streets, likes to say that there is no marketing like word of mouth, and once a week, a report arrives on his cellphone that lets him measure just what those words are worth.

10/04/2013 – Introhive plans to raise as much as $7 million

District-based Introhive plans to raise as much as $7 million to accelerate sales of its professional networking software, from a group of investors that includes CRM giant salesforce.com, according to CEO Jody Glidden.

10/02/2013 – Salesforce.com Bets on Social Selling Platform Introhive

Introhive is an enterprise application that could help deepen the Salesforce.com portfolio of sales, marketing, and CRM tools. The Introhive social selling app analyzes employee communications and compares them with other company data, to create an enterprise-wide view of existing relationships with customers and prospects.

10/01/2013 – Oxford Finance LLC provides $14.5M in financing to JAG Healthcare

Oxford Finance LLC has closed a $13 million senior secured term loan and $1.5 million revolving lined of credit to Ohio-based JAG Healthcare.

10/01/2013 – Cigital Secures $50M Investment From LLR Partners Read more about Cigital Secures $50M Investment From LLR Partners

Cigital, the world leader in software security services and solutions, today announced the completion of a $50M equity investment by LLR Partners.

10/01/2013 – Kirkland, DLA Piper Work on Active Deal: Business of Law

Kirkland & Ellis LLP and DLA Piper LLP worked on the deal to take private Active Network Inc. (ACTV), a company that manages online registration for marathons, business conferences and other events. Vista Equity Partners is buying Active for about $1.05 billion in cash.

10/01/2013 – New Enterprise Associates joins $10M round for drug accelerator

Chevy Chase-based New Enterprise Associates has joined in a $10 million financing for Cydan LLC, a Cambridge, Mass.-based orphan drug accelerator.

09/30/2013 – Revolution Ventures to Close $200 Million Fund Today for Companies Including MAVA Presenters Booker, Homesnap

Consider this another win not only for the D.C. area, but also for everywhere else not-Silicon Valley.

09/30/2013 – Silver Spring Startup Gets $500K State Grant

Weather Analytics, a young company that recently moved from Virginia to Maryland, was the latest recipient of a grant from the Maryland Venture Fund's InvestMaryland program.

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