Washington area business diary for week of Feb. 24

February 23, 2014

Short takes on the week's announcements and deals.

Acquisitions

Arlington-based research and strategy company Corporate Executive Board said it has acquired India-based Talent Neuron, the developer of a Web-based talent platform. Terms were not disclosed.

U.K.-based defense, security, transportation and energy services company Ultra Electronics said it has acquired Chantilly-based 3 Phoenix, which makes sensor and processing systems, for $70 million in cash.

Contracts

McLean-based HafeziCapital said it has been hired by McLean-based behavior technology company Personam as its adviser as it seeks Series A funding.

Expansions

Baltimore-based bar and restaurant Heavy Seas Alehouse is opening a location at 1501 Wilson Blvd., Suite 105, Rosslyn on Thursday.

Funding

Tysons Corner-based Aireon, which offers a satellite-based air traffic surveillance service, said it has received the first $50 million of a planned investment of $120 million from three Europe-based investors.

Chevy Chase-based Aerohive Networks, the developer of a cloud-based mobile networking platform, said it has filed with the Securities and Exchange Commission to raise up to $75 million in an initial public offering.

Herndon-based software developer OpenWhere said it has raised $1 million in a new round of equity funding.

The Herndon-based Center for Innovative Technology said it has invested an undisclosed amount in Rosslyn-based Encore, a developer of a social alert services for marketers.

Nonprofits & associations

Rockville-based Leadership Montgomery said the Bethesda-based J. Willard and Alice S. Marriott Foundation is establishing a $100,000 scholarship endowment for the nonprofit’s Emerging Leaders professional development program.

Bethesda-based Hope Connections for Cancer Support said it will begin offering programs at MedStar Montgomery Medical Center in Olney, starting in April.

Start-ups & new businesses

Jeremy and Martha Cummings, the creators of Spanishdict.com, have started Fairfax-based Fluencia, which provides interactive Spanish lessons.

Veteran Republican pollster and presidential campaign adviser Brenda Wigger Gianiny has started Alexandria-based Axis Research, which provides phone polling, Web research, focus group studies and ad testing for businesses, associations and candidates.

— Compiled by Shawn Selby

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