Washington area business diary for week of May 14

May 13, 2012

Short takes on the week's announcements and deals.

Acquisitions

Capital One Labs, a subsidiary of McLean-based Capital One Financial, said it has acquired software and several employees from San Francisco-based tech start-up BankOns in a limited asset purchase agreement. Terms were not disclosed.

District-based surplus assets seller Liquidity Services said it will acquire U.K.-based surplus assets seller GoIndustry DoveBid for $31 million in cash.

Boston-based information storage and management company Iron Mountain said it has acquired Fredericksburg-based document storage company File House Offsite Record Storage. Terms were not disclosed.

Rockville-based tech company Optimal Networks said it has acquired Clarskburg-based cloud computing company Peak Hosted Solutions. Terms were not disclosed.

District-based social media advertising firm SocialCode has acquired the engineering team from San Francisco-based Web services firm Digg. Terms were not disclosed. SocialCode is a unit of The Washington Post Co.

District-based daily deals company Recoup said it has acquired Baltimore-based daily deals company Chewpons. Terms were not disclosed.

Awards

Vienna-based Small and Emerging Contractors Advisory Forum has announced the winners of its fourth annual SECAF Awards: Government Contractor of the Year — Falls Church-based Intrepid Solutions and Services, Fairfax-based Foxhole Technology and Vienna-based Octo Consulting Group; Award of Excellence — Fairfax-based CPS Professional Services; and Small Business Partner of the Year — Vienna-based Attain and McLean-based Northrop Grumman Information Systems. Sandra Broadnax, director of the small-business programs office at the National Geospatial-Intelligence Agency, was named Government Small Business Advocate of the Year.

Contracts

CACI Technologies of Chantilly won a contract worth up to $27.8 million from the Army for support services to the Nuclear Biological Chemical Sensor Processing Group.

The Emergence Group Advisors of the District won a contract worth up to $10 billion from the State Department for professional, administrative and management support services.

Global Integrated Security of Reston won a contract worth up to $480 million from the Army for professional, administrative and management support services.

Hensel Phelps Construction of Chantilly won a contract worth up to $57 million from the Navy for the design and construction of four new facilities.

LMN Solutions of Reston won a contract worth up to $9.2 million from the Army for services in support of the Army Geospatial Center.

M.C. Dean of Dulles; L-3 Services Global Security and Engineering Solutions of Chantilly; Science Applications International Corp. of McLean; BAE Systems Technology Solutions and Services of Rockville; and Honeywell Technology Solutions of Columbia won a contract worth up to $228.7 million from the Navy to provide infrastructure protection solutions.

Niitek of Dulles won a contract worth up to $579 million from the Army for electricity and electronic equipment components.

URS of Germantown won a contract worth up to $99 million from the Army for the procurement of lighting kit motion detector systems.

Washington Metropolitan Area Transit of the District won a contract worth up to $15 million from the Washington Headquarters Service to provide funding for Defense Department transportation benefits for its employees.

Fairfax-based technology consulting firm ICF International has received a contract from the state of West Virginia to review its use of a $126 million federal grant to expand high-speed Internet access across the state.

Expansions

Herndon-based IT company InfoRelay Online Systems said it has opened its Dulles Exchange data center in the Hallmark Building in Herndon.

McLean-based tech company Indus Corp. said it has opened an office in Morrisville, N.C.

Funding

The Herndon-based Center for Innovative Technology said it has invested $100,000 through its GAP Funds in Tysons Corner-based e-commerce platform TroopSwap.com.

District-based daily deals company L iving Social and financial services firm Chase are offering a grant program called Mission: Small Business offering up to $3 million to small-business owners across the country.

Chevy Chase-based New Enterprise Associates has raised over $2.08 billion for its NEA 14 fund, according to regulatory filings. NEA is expected to close the fund at $2.56 billion later this year.

Mergers

Gaithersburg-based 3D imaging company Technest Holdings said it has merged with Westwood, Mass.-based digital pathology company AccelPath. The merged company is keeping the AccelPath name.

— Compiled by Shawn Selby and
Vanessa Small

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