Washington area business diary for the week of June 11

Short takes on the week's announcements and deals.

Acquisitions

District-based Web designed firm Nclud said it has been acquired by San Francisco-based social networking company Twitter. Terms were not disclosed.

Falls Church-based defense and technology contractor Northrop Grumman said it will acquire Australia-based cybersecurity company M5 Network Security. Terms were not disclosed.

Bethesda-based mortgage lender Walker & Dunlop said it will acquire Needham, Mass.-based rival CW Capital LLC for $80 million in cash and $140 million in stock.

Contracts

Herndon-based ITT Exelis said it has won a contract from the Metropolitan Washington Airports Authority for the use of its Symphony OpsVue Web-based flight-tracking and situational awareness system.

Towson-based software company K12 Enterprise said that Lawrence Public Schools in Long Island, N.Y., will use its financial and human resource management software.

Expansions

Tysons Corner-based Web company NavigationArts announced it has opened offices in New York, Philadelphia and Boston. The company also said it has redesigned its Web site, www.navigationarts.com.

Bethesda-based real estate finance company Walker & Dunlop said it is opening an office in Milwaukee.

Addison, Tex.-based BL Restaurant Operations said it is opening a Bar Louie restaurant this week at 150 Gibbs St. in Rockville.

Fair Oaks Mall said Montreal-based shoe retailer Aldo and Houston-based women’s boutique Francesca’s Collections have opened stores in the Fairfax shopping center. Australia-based clothing retailer Cotton On and Nevada-based sunglasses retailer Bauer’s Fashion Eyewear are expected to open stores there in July.

McLean-based business acceleration consulting firm Celerity said it has opened an office in Denver.

Funding

Vienna-based app developer DubMeNow has raised $3.21 million of a $4.71 million offering, according to a filing with the Securities and Exchange Commission.

Bethsesda-based tech company Geostellar said it has raised an unspecified amount of money from the state of Maryland, Herndon-based GeoEye, Vienna-based Flash Forward Ventures and Princeton, N.J.-based NRG Energy.

Dulles-based managed hosting and cloud services provider Carpathia Hosting said it has received a $71 million credit facility.

Joint ventures

McLean-based Sunrise Senior Living said it will form a joint venture with CHT Partners, a subsidiary of Orlando-based CNL Healthcare Trust. Sunrise said it will contribute seven senior living communities to the joint venture while CHT will contribute $57 million. Sunrise is to own 45 percent of the joint venture with CHT owning the rest.

Moves

Detroit-based law firm Clark Hill said it has moved its District office to 601 Pennsylvania Ave. NW, North Building Suite 1000, Washington, DC 20004.

Name changes

Bowie-based health care technology company MedAssurant has changed its name to Inovalon and has launched a new Web site, www.inovalon.com.

New products & services

Sterling-based Repair.com, a Web site that lets customers make appointments with local service providers for TV and home appliance repairs, said it began operations in 50 U.S. cities.

Reston-based tech company Uppidy said it now has a business version of its text message storage platform.

Pharmaceuticals

Gaithersburg-based GenVec said the Agriculture Department has issued a conditional license for its foot-and-mouth disease vaccine for use in cattle.

— Compiled by Shawn Selby

business

capitalbusiness

Success! Check your inbox for details. You might also like:

Please enter a valid email address

See all newsletters

Comments
Show Comments
Most Read Business

business

capitalbusiness

Success! Check your inbox for details.

See all newsletters

To keep reading, please enter your email address.

You’ll also receive from The Washington Post:
  • A free 6-week digital subscription
  • Our daily newsletter in your inbox

Please enter a valid email address

I have read and agree to the Terms of Service and Privacy Policy.

Please indicate agreement.

Thank you.

Check your inbox. We’ve sent an email explaining how to set up an account and activate your free digital subscription.