Washington area business diary for week of April 1

March 31, 2013

Short takes on the week's announcements and deals.

Awards

McLean-based Helios HR said it has named 32 finalists for its 2013 Apollo Awards, which honor Washington area organizations that promote employee development. Winners will be announced May 29.

Call for entries

Organizers of the Startup Jackpot funding event said they will select 10 companies or ideas to pitch for cash prizes. The top three winners will get prizes of $10,000, $2,000 and $1,000, as well as membership at Canvas Co/work, a shared office space in the District. The event takes place April 13. To register, visit startupjackpot.com.

Expansions

Falls Church-based defense contractor General Dynamics said it has opened a cybersecurity forensics lab in Columbia.

Funding

Columbia-based data management software developer Lotame Solutions said it has received a $5.5 million venture loan from Connecticut-based Horizon Technology Finance.

Annapolis-based business software and services provider High Street Partners said it has raised $8 million in a new round of funding.

Rockville-based pharmaceutical company Neuralstem said it has received $8 million in debt financing from Palo Alto, Calif.-based Hercules Technology Growth Capital.

Joint ventures

Herndon-based education software developer ePals said it has formed a joint venture, called NeuPals, with China-based Neusoft Publishing, which will sell a Mandarin-language version of ePal’s software.

Moves

Kaiser Group Holdings said it has moved its headquarters from Fairfax to Birmingham, Ala., where the offices of its subsidiary, Kaiser Aircraft Industries, is located.

New products & services

Leesburg-based K2M, maker of spinal devices, said it is expanding its line of biologics products by offering foam strips and granules that are used for bone grafts.

— Compiled by Shawn Selby

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