Washington area business diary for week of March 4

February 3, 2013

Short takes on the week's announcements and deals.

Acquisitions

Falls Church-based IT company Computer Sciences Corp. said it will sell its enterprise systems unit to Japan-based Itochu for $90 million in cash. The deal is expected to close this month.

Chicago-based Telephone and Data Systems is buying New Mexico-based Baja Broadband, which is jointly owned Alexandria-based Columbia Capital and Boston-based M/C Partners, for $267.5 million.

Awards

James Barrett, partner at Chevy Chase-based venture capital firm New Enterprise Associates, is to receive the Tech Council of Maryland’s Lifetime Achievement Award this week.

Funding

Bethesda-based real estate investment trust American Capital Agency said it plans to make a public offering of 50 million shares of its common stock. The company also said plans to grant underwriters a 30-day option to buy up to an additional 7.5 million shares of common stock.

Moves

Security software company Lookingglass said it has moved its headquarters from Baltimore to 901 N. Stuart St., Arlington, VA 22203, an office it opened in 2012.

New products & services

District-based leadership consultancy Aperio International is now offering the first five of 20 planned downloadable courses for executives.

— Compiled by Shawn Selby

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