Washington area business diary for week of July 8

Short takes on the week's announcements and deals.

Acquisitions

Herndon-based IT and telecom services provider National Rural Telecommunications Cooperative said it has acquired Raleigh, N.C.-based NeoNova Holdings, which provides cloud-based services. Terms were not disclosed.

Reston-based health and human services contractor Maximus said it has acquired U.K.-based Health Management Ltd. Terms were not disclosed.

Cambridge, Mass.-based defense giant Raytheon said it has acquired Frederick-based data software company Visual Analytics. Terms were not disclosed.

Awards

The Northern Virginia Technology Council announced the winners of its 12th annual NVTC Hot Ticket Awards: Hottest Bootstrap — Altruista Health; Hottest Buzz — Virtustream; Hottest Company Culture — Excella Consulting; Hottest Emerging Government Contractor — Octo Consulting Group; Hottest Exit — Eloqua and GeoEye; Hottest Friend of the Entrepreneur — Carl Grant; Hottest Management Team — Vubiquity; Hottest Startup — Zoomdata; and Hottest Venture Capital Deal — Sonatype.

Funding

District-based early-stage venture capital firm Revolution Ventures has filed with the Securities and Exchange Commission to raise $150 million for its Revolution Ventures II fund.

Pharmaceuticals

Gaithersburg-based GenVec, whose board voted last month to dissolve the biopharmaceutical firm, said it has terminated 30 of its remaining 41 employees.

— Compiled by Shawn Selby

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