The Washington Post

Washington area business diary for week of Oct. 7

Short takes on the week's announcements and deals.


Bethesda-based mobile technology developer Digital Management Inc. said it has acquired London-based Golden Gekko. Terms were not disclosed.

Sterling-based maker of data storage applications IceWeb said it has completed its previously announced acquisition of Kansas City, Mo.-based Computers and Tele-Comm. Terms have not been disclosed.

McLean-based cyber security services provider Tangible Software said it has acquired Cary, N.C.-based N2 Net Security, which provides managed security services. Terms were not disclosed.

Germantown-based Comtech Mobile Datacom has sold its Sensor Enabled Notification System operation to Rochelle Park, N.J.-based Orbcomm. Terms were not disclosed.


New York-based retailer Saks said it has moved its Potomac Mills Saks Fifth Avenue Off 5th store to a 30,000-square-foot space at the Woodbridge-based outlet mall.

Chicago-based fast-food restaurant chain Potbelly Sandwich Works is to open a location in the Monroe Street Market in the Portland Flats building at Monroe and 7th street NE in January, according to developer Bozzuto Group.


McLean-based defense and aerospace contractor Exelis said it has won a $28 million contract to provide tactical night vision goggles to an unnamed international customer.


College Park-based FiscalNote, a developer software that analyzes state and local government legislation, said it has raised $1.2 million in a seed-funding round.

McLean-based media company Gannett said it will sell $500 million in senior notes due in 2023 to help pay for its previously announced $2.2 billion acquisition of Dallas-based Belo, which owns and operates 20 TV stations.

— Compiled by Shawn Selby

Short takes on the week’s announcement and deals.



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