Washington area business diary for week of March 15

March 24, 2013

Short takes on the week's announcements and deals.

Acquisitions

New York based MSW Research has acquired some of the assets of Reston-based Web data measurement company ComScore’s ARS advertising research arm. Terms were not disclosed.

Daly City, Calif.-based Genesys Telecommunications Laboratories said it has completed its previously announced $110 million acquisition of Angel.com from McLean-based business intelligence company MicroStrategy.

Bethesda-based hotel real estate investment trust RLJ Lodging said it has acquired the Humble Oil Building complex in Houston for $79.5 million. The property includes an apartment building that is to be converted to a 166-room SpringHill Suites and two hotels, the 191-room Courtyard Houston Downtown Convention Center and the 171-room Residence Inn Houston Downtown Convention Center. Also, the hotel REIT said it is selling 13.8 million shares in a secondary offering for $21.60 per share for net proceeds of around $284.8 million.

Fulton-based private investment company Chrysalis Holdings said it has acquired the assets of Summerfield, N.C.-based Abacus Mortgage Training and Education. Terms were not disclosed.

Chevy Chase-based private equity firm Arlington Capital Partners said it has acquired Malvern, Pa.-based Micron Technologies, a provider of particle size reduction and analytical services to the pharmaceutical industry. Terms were not disclosed.

Contracts

Columbia-based BoxTone, the developer of a platform to manage mobile devices and apps, said it is expanding its headquarters and opening an office in Mountain View, Calif.

Bethesda-based Midnight Traveler, which provides after-hours trading news and analysis, said it has started a division, called MT Newswires, to provide full-day market information.

Deerfield, Ill.-based drug store chain Walgreens has opened a store at 801 7th St. NW, Washington, DC 20001.

Funding

McLean-based Troop ID, a service that allows members of the military community to claim online benefits, said it has raised $2.1 million in a new round of funding.

Rockville-based genome research and diagnostic tools developer OriGene Technologies said that it has raised $21.3 million in its third round of funding.

Moves

District-based BrightLife Direct, a distributor of medical compression garments, said it has moved to 6925-D Willow St. NW, Washington, DC 20012.

Name changes

Tysons Corner-based software company LogiXML said it has changed its name to Logi Analytics.

Pharmaceuticals

District-based Vanda Pharmaceuticals said it has withdrawn the marketing authorization application it had submitted to the European Medicines Agency for its Fanaptum drug, which is used to treat adult patients with schizophrenia. The company said it will reassess its European strategy once it gets the results from a relapse prevention study.

— Compiled by Shawn Selby

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