Washington area business diary for week of July 14

July 13

Short takes on the week's announcements and deals.

Acquisitions

Reston-based private equity firm WWC Capital said it is selling its Baltimore-based Social Solutions portfolio company to San Francisco-based Vista Equity Partners. Terms were not disclosed.

District-based education technology company Blackboard said it has acquired South Carolina-based Perceptis, which provides help desk and student support services. Terms were not disclosed.

McLean-based media giant Gannett said it has completed its previously announced $215 million acquisition of six television stations from Dallas-based London Broadcasting Co.

Expansions

United Kingdom-based InterContinental Hotels Group said it has opened an Even-branded hotel at 1775 Rockville Pike, Rockville, MD 20852.

District-based Atlantic Media said that its Government Executive publication will expand its coverage beyond the federal government to include city, county and state governments.

Dallas-based La Madeleine Country French Café has opened a location in the Kingstowne Shopping Center, 5876 Kingstowne Towne Center, Alexandria.

Rockville-based technology trade association Tech Council of Maryland said it has opened a satellite office at the University of Maryland BioPark in Baltimore.

McLean-based digital consultancy Celerity said it has opened an office in Camp Hill, Pa.

Herndon-based IT infrastructure services company ViON said has opened a facility in Utah.

Funding

Glenwood-based health-care data company Healthcare Interactive said it has received $8 million in Series A funding.

Bethesda-based private equity firm American Capital Ltd. said that its affiliate, ACAS CLO 2014-1, has closed on the sale of $618.75 million in collateralized loan obligation bonds. ACAS CLO has invested the proceeds in senior secured loans purchased in the primary and secondary markets.

Moves

Network and data center services company Windward said it has relocated its headquarters to 2201 Cooperative Way, Herndon, VA 20171.

Other

The Robert H. Smith School of Business at the University of Maryland said it has joined the Austin-based Forte Foundation, a consortium of corporations, business schools and nonprofits that champion women for leadership roles in business. (The Smith School of Business is content partner for Capital Business.)

— Compiled by Shawn Selby

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