Washington area business diary for week of May 13

May 12, 2013

Short takes on the week's announcements and deals.

Acquisitions

San Jose, Calif.-based Haystax Technology said it has acquired Reston-based cloud software company FlexPoint Technology. Terms were not disclosed.

McLean-based network integrator Global Telecom & Technology said it has acquired the data services business of Chicago-based Intelliquent for $54.5 million.

Call for entries

Bethesda Green is accepting applications for its first investor pitch training program for entrepreneurs in the green industry, which takes place on June 27. The program is open to tech and non-tech early-stage businesses in Maryland, Virginia and the District. Deadline is May 17. Visit www.bethesda
green.org for more information.

Expansions

Chantilly-based technical services contractor TASC said it has opened a cybersecurity lab in San Antonio.

Benicia, Calif.-based motorcycle apparel and accessories retailer Cycle Gear has opened a store in Brookfield Plaza at 7000 Spring Garden Dr., Springfield, VA 22150.

Denver-based investment banking firm George K. Baum & Co. said it is opening an office at 5335 Wisconsin Ave. NW, Washington, DC 20015.

New products & services

District-based Homesnap, the developer of a mobile real estate app that lets users learn about homes, said it is now offering a version of its app for Android devices.

Other

Sterling-based telecommunications services company Neustar said it plans to buy back up to $250 million in stock through the end of the year.

Start-ups & new businesses

Reston-based Crafter Software said it has begun operations after spinning off from Reston-based Rivet Logic.

— Compiled by Shawn Selby

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