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News & Announcements


Speek, the app that makes conference calls fast and easy to join, announced the launch of its Android app today.

06/04/2013 – Goodzer and Wanderful Media Team Up to Deliver Retailer Inventory

Goodzer, the best source of product data from all kinds of local stores anywhere in the country, and Wanderful Media, an online local discovery shopping company, today announced Wanderful Media will publish Goodzer's comprehensive local data of retailers for its newly reimagined Find&Save shopping platform.

06/04/2013 – Capital Connection Highlights Sterling Companies’ Success

MAVA today announced that comScore and K12 will be recognized for performance and leadership as Sterling Companies at Capital Connection 2013, one of the nation’s most respected technology conferences.

06/03/2013 – Canvas raises $4M from investors

Reston-based Canvas, a distributor of mobile applications for businesses, has added $4 million from investors to its coffers, executives planned to announce today.

05/31/2013 – Introhive Named "Company to Watch"

The technology industry in Atlantic Canada produced some big exits in the past two years. The region is poised for more success, and here are some of the companies to watch:

05/30/2013 – NVTC Names John Burton, Updata, a Winner of Greater Washington Technology CFO Award

The Northern Virginia Technology Council (NVTC) on Wednesday night announced the winners of its 17th Annual Greater Washington Technology CFO Awards during a ceremony in McLean.

05/29/2013 – Baltimore-Based Videology Raises $60 Million in Fourth Round

Videology, the Baltimore-based digital ad technology startup headed by former co-founder Scott Ferber, said it has raised $60 million in its fourth round of funding, led by Catalyst Investors.

05/29/2013 – Higher Logic with Protech Partners to Increase Social CRM Capabilities

Protech Associates, Inc. (Protech), the world’s first and leading provider of cloud-based association management software (AMS) powered by Microsoft Dynamics® CRM, today announced a partnership with Higher Logic, LLC, the leading provider of private social networking and collaboration software for associations and nonprofits, to create a best-in-breed social CRM platform.

05/23/2013 – Chevy Chase-Based NEA Increases Investment in WibiData

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said it has increased its investment in San Francisco-based WibiData as part of a new $15 million funding round.

05/22/2013 – Chantilly-Based DSC Lands $50 Million Investment from Saudi Firm

Digital Signal Corp. (DSC), a Chantilly-based developer of facial recognition and identity management tools, said on Wednesday it has landed a new $50 million investment from Saudi Arabia's Technology Control Corp. (TCC).


Governor Bob McDonnell announced today that Amazon Web Services, Inc., (AWS), an company, will expand in Fairfax County and add 500 new jobs to the county economy.

05/22/2013 – Maryland TEDCO honors three Prince George's County tech companies

Three Prince George’s County technology companies took top honors in a Maryland Technology Development Corp. business contest.


MAVA announced that nationally-regarded cybersecurity expert Jane Holl Lute has been added to the speaking lineup at the upcoming Capital Connection 2013 conference.

05/21/2013 – Top Tech Growth CEOs to Take Main Stage at Capital Connection 2013

Today, MAVA announced the sixteen companies selected to take the Main Stage of this year’s Capital Connection 2013 conference.

05/20/2013 – CEOs of Leading Education Technology, Mobile, Health IT Companies to Headline Game Changers at Capital Connection 2013

MAVA today announced three Game Changer CEOs who will speak at its Capital Connection 2013 conference, highlighting the pace of change in these fields, as well as challenges and opportunities for the tech sector.

05/18/2013 – CIT Entrepreneur of the Week: James Quigley of Canvas

James is an award winning mobile and wireless solution executive with an extensive background in building and growing wireless start-up ventures. Prior to founding Canvas, James was VP and Managing Director of the Enterprise Wireless Solutions Division at inCode Wireless then acquired by VeriSign. While at VeriSign, James and his design team were honored with the prestigious Motorola Wireless Solution of the Year Award.

05/17/2013 – New Enterprise Associates sees huge payday from Tableau Software IPO

Chevy Chase-based New Enterprise Associates stands to reap a fortune from Tableau Software Inc.'s newly public stock, which is up about 60 percent in its first day of trading on the New York Stock Exchange Friday.

05/17/2013 – Ernst & Young Names Maryland Finalists for Entrepreneur of the Year

Accounting and advisory firm Ernst & Young has announced the 29 finalists for its 2013 Entrepreneur of the Year Award in Maryland. Finalists, listed at the link below, were selected by a panel of independent judges. Winners will be announced on June 26 in Baltimore.

05/15/2013 – Entrepreneur Magazine ranks Maryland No. 1 for new businesses

California-based Entrepreneur Magazine recently named Maryland as the No. 1 state to start a new business, the Washington Examiner reported. Virginia wasn't far behind, at No. 3.

05/15/2013 – Where Should A New CEO Focus First?

Long-standing CEOs almost universally say their number one job is to own and drive vision and values. At the same time, their common regret is not moving faster to get people in appropriate roles. Reflecting back, CEOs talk about how surprised they were by how lonely the job is, and both the positive and negative stress involved with being in charge.


District of Columbia (DC) residents now have a website to compare the most competitive electricity supply offers in the marketplace. Baltimore based tech startup offers residents the ability to compare offers and enroll with the energy supplier of their choice and in most instances, saving customers over the utility (Pepco).

05/14/2013 – Chevy Chase-Based NEA Co-Leads $6.75 Million Round for GraphLab

New Enterprise Associates (NEA), the Chevy Chase-based venture capital firm, said on Tuesday it has co-led a new $6.75 million round of funding for Seattle-based GraphLab, which is developing a commercial product to apply advanced machine learning to massive graph datasets.

05/14/2013 – Eighteen Area Start-Ups Tapped to Take TechBUZZ Stage at Capital Connection 2013

MAVA will showcase 18 innovative start-up companies at its Capital Connection 2013 conference, celebrating some of the hottest ideas and emerging technologies the East Coast has to offer.

05/13/2013 – eFortresses CloudeAssurance Named Gartner Cool Vendor in Risk Management and Compliance in 2013

eFortresses is pleased to announce that due to its cloud security rating platform, CloudeAssurance, it has been recognized by Gartner as one of only four Cool Vendors in risk management and compliance in 2013.

05/13/2013 – Baltimore-Based Foodem Raises $600,000 in Angel Funding

Foodem, the Baltimore-based developer of a B2B online wholesale food marketplace and business intelligence platform, said on Monday it has landed $600,000 in a round of angel funding, which included a new investment from Bethesda-based Panacea Capital Advisors.

05/09/2013 – PerspecSys, Inc. Raises $12M Round of Series B Equity Financing

PerspecSys Inc., the leader in cloud data protection solutions for the enterprise, today announced it has raised $12 million in funding co-led by new investors Paladin Capital Group and Ascent Venture Partners, and joined by return backer Intel Capital and other existing institutional investors.

05/08/2013 – Lessons on landing capital; LLR Featured

Zack Mansfield, who advises startups and small businesses, said new companies face a conundrum as they look for financing.

05/08/2013 – Who’s inside your company?

When a company reaches a certain size, compromise of some form is inevitable, says Mandiant.

05/08/2013 – UK VCs' lack of knowledge drives tech businesses to the US

Innovative UK start-ups will migrate to the US unless venture capitalists radically change their approach to investing. UK venture capitalists are less technologically savvy than their US competitors and this makes them too risk averse, making it much harder for tech start-ups to access finance.

05/07/2013 – Homesnap Releases Android Version of Popular Real Estate Mobile App

Homesnap today announced that its popular Homesnap app is now available for Android. This announcement comes on the heels of the release of Homesnap's first-ever mobile real estate platform.

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