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Washington area business diary for week of Feb. 18

By Shawn Selby,

Short takes on the week's announcements and deals.

Acquisitions

District-based research and consulting firm Advisory Board said it has acquired Palo Alto-based data company 360Fresh. Terms were not disclosed.

Call for entries

The Ballston Business Improvement District is accepting applications for its Ballston LaunchPad Challenge, a program for innovators, entrepreneurs and creative thinkers who want to pitch their big ideas to a panel of business and thought leaders. Visit www.ballstonbid.com for more information.

Contracts

McLean-based network and data security services company Spacenet said it has won a contract worth over $20 million from an unspecified delivery service organization.

Expansions

Sacramento-based IT and software company Natoma Technologies said it has started a federal practice and opened an office in Arlington.

Funding

Arlington-based On Deck, the developer of software to help small and mid-size businesses obtain loans more easily, said it has received $42 million in fourth-round funding.

Name changes

District-based data technology company Vision Chain said it has changed its name to Orchestro.

Other

Maryland officials said a record 22.68 million passengers flew through Baltimore-Washington International Marshall Airport in 2012, a 1.3 percent increase over 2011.

Pharmaceuticals

Bethesda-based Sucampo Pharmaceuticals said it has filed a patent-infringement lawsuit against Irvine, Calif.-based Anchen Pharmaceuticals and parent company Woodcliff Lake, N.J.-based Par Pharmaceuticals over plans by Anchen to market a generic version of Sucampo’s Amitiza drug for treating constipation.

— Compiled by Shawn Selby

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