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POTOMAC TECH WIRE -- March 4
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Sponsored by: Post Your Job Openings and Events on Potomac Tech Wire

o TPG Capital to Acquire DC-based Thycotic; Reported Value of $1.4 Billion
DC-based ChurnZero Raises $25 Million in Series B Funding
o Germany-based TeamViewer Acquires Vienna-based Upskill
o DC-Based DCI Consulting Group Acquires HR Analytical Services
o McLean-Based Altamira Technologies Names Jane Chappell as New CEO
o DC-Based EAB to Acquire Starfish Platform from Hobsons

Post Your Job Openings and Events on Potomac Tech Wire

o Briefly Noted:Northlane Capital Partners, Pangiam, R2integrated
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Event Listings:
> New: Friday's Creativity in Sales Show Features the Very Entertaining Rob Jolles
New: Women in Technology's Spring 2021 Virtual Job Fair - March 25

Digital Transformation Virtual Summit - March 24+25


Services Listings:
Fractional CMO for B2B CEOs.
Fix your marketing now. [Heimlich]
> IGNITE Your High Growth Business - Cash Grants up to $50,000


Job Postings:
> Post your job listing on Potomac Tech Wire by clicking here


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o TPG Capital to Acquire DC-based Thycotic; Reported Value of $1.4 Billion

Washington, D.C. -- As part of a wave of private equity buyouts of local companies in recent months, DC-based Thycotic, an identity security technology firm, has agreed to be acquired by TPG Capital, which recently acquired Thycotic competitor Centrify. The two companies will be merged once the deal closes. PE Hub reported that Thycotic was valued at about $1.4 billion. James Legg, CEO of Thycotic, will be named president of the new company. Thoma Bravo and Public Sector Pension Investment Board are also provided financing of the deal, and will take minority stakes in the merged business. “The increasing cost and impact of cyber breaches coupled with the explosive growth of cloud services and the interconnection of networks has driven rapid adoption of identity security software,” said Art Gilliland, current CEO of Centrify, who will be CEO of the merged companies. “The combined company will deliver one of the most comprehensive product offerings in the business.”
https://thycotic.com/company/blog/2021/03/02/tpg-led-investor-group-announces-combination-of-thycotic-and-centrify-to-create-a-leading-cloud-identity-security-vendor/

o DC-based ChurnZero Raises $25 Million in Series B Funding

Washington, D.C. -- ChurnZero, an DC-based customer management platform for subscription businesses, has raised $25 million in Series B funding, led by JMI Equity. Previous investors Baird Capital and Grotech Ventures also participated in the round. The startup has now raised a total of $35 million. The company helps subscription businesses with various tasks, such as driving user adoption, expanding accounts and reducing churn by integrating customer account data from multiple sources into its platform. “The last 12 months have brought extraordinary challenges for all of us, but we have seen firsthand from our customers the inextricable link between customer success and the resilience of subscription businesses,” said You Mon Tsang, co-founder and CEO of ChurnZero. 
https://churnzero.net/churnzero-raises-25-million-in-jmi-equity-led-series-b-funding/

o Germany-based TeamViewer Acquires Vienna-based Upskill

Vienna, Va. -- TeamViewer, a German developer of workforce technology, has acquired Vienna-based Upskill, a developer of augmented reality software used primarily by industrial workers. Financial terms of the deal were not disclosed. Upskilly’s technology uses smart glasses and handheld mobile devices to help workers in such areas as manufacturing, inspection and auditing; its clients include Boeing and Merck KGaA. The company maintains its headquarters in Vienna and its engineering operations in Austin, Texas -- TeamViewer said it plans to retain these offices. “By acquiring Upskill, we strengthen our capabilities in enabling digital transformation across all verticals and parts of the value-chain as the company is focusing on complementary use cases and industries such as aerospace, pharma & life sciences, insurance & claims management and retail,” said Oliver Steil, CEO of TeamViewer. “The enterprise AR market is huge and growing rapidly, and we are perfectly positioned to tap that potential." Upskill’s investors include Accenture Ventures, Cisco Investments, Boeing HorizonX, GE Ventures, New Enterprise Associates (NEA) and others.
https://www.teamviewer.com/en-us/company/press/teamviewer-acquires-us-based-augmented-reality-software-pioneer-upskill-to-strengthen-global-leadership-in-enterprise-ar-solutions-across-all-verticals/

o DC-Based DCI Consulting Group Acquires HR Analytical Services

Washington, DC -- DCI Consulting Group (DCI), a DC-based provider of human resources data analytics services, has acquired Wisconsin-based counterpart HR Analytical Services. Financial terms of the deal were not disclosed. HR Analytical clients and staff will transition to DCI, and the firms will be fully integrated. Bill Osterndorf, the president of HR Analytical, will remain with the combined company, which will now offer an expanded slate of services focused around the U.S. Office of Federal Contract Compliance Programs (OFCCP), a part of the Department of Labor responsible for ensuring that employers doing business with the federal government comply with nondiscrimination laws and regulations.
https://www.dciconsult.com/
https://www.prnewswire.com/news-releases/dci-consulting-completes-acquisition-of-hr-analytical-services-301234889.html

o McLean-Based Altamira Technologies Names Jane Chappell as New CEO

McLean, Va. -- Altamira Technologies, a McLean-based provider of engineering, data analytics and cyber operations services to defense, intelligence and homeland security clients, has named Jane Chappell as its new CEO. She succeeds Ted Davies, who is retiring after having led the company since 2014. Chappell most recently served as the vice president of the global intelligence solutions mission area of Raytheon's Intelligence, Information and Services business. “Jane’s executive leadership and lifelong commitment to the national security mission will strengthen Altamira’s execution of critical customer programs,” said Joe Wright, the company's chairman.
https://www.altamiracorp.com/
https://www.altamiracorp.com/altamira-technologies-appoints-jane-chappell-ceo/

o DC-Based EAB to Acquire Starfish Platform from Hobsons

Washington, DC -- EAB, a DC-based provider of education services, said it will acquire student success platform Starfish from Ohio-based owner Hobsons. Financial terms of the deal were not disclosed. The Starfish platform is used by colleges and universities to help departments collaborate, share data and support students. EAB said the acquisition will add hundreds of community and technical colleges and four-year schools to its Student Success Collaborative, a network of institutions working with one another.
http://www.eab.com/starfish.
https://www.globenewswire.com/news-release/2021/02/18/2178428/0/en/EAB-to-Enhance-Its-Student-Success-Collaborative-by-Acquiring-Starfish.html

 
> Friday's Creativity in Sales Show Features the Very Entertaining and Provocative Rob Jolles

The Creativity in Sales Show on his Friday at 11AM features the very entertaining and provocative Rob Jolles. DC’s own Institute for Excellence in Sales (IES) continues to offer sales leaders and their teams around the globe first-class sales programs to help improve sales and business development. The IES holds industry-leading webcasts every day for sales leaders and teams! 

PTW readers are welcome to log in

 
 
o Briefly Noted:

(Bethesda, Md.) Northlane Capital Partners, a Bethesda-based middle market private equity firm, announced the promotion of JJ Carbonell to the position of principal, and Rich Grant as director of business development. Carbonell has been with the firm since 2013. 
https://www.northlanecapital.com/news

(Tysons, Va.) Pangiam, a travel services provider focused on emerging technologies, has named Christine Tarrago as its CFO. Tarrago formerly worked as CFO and SVP at Versar.
https://pangiam.com/

(Baltimore) Baltimore digital agency R2integrated has named Kim Clarke as its new CFO. Clarke was most recently CFO at iPromo, a promotional products company.
https://www.r2integrated.com/
 
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Events:
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To Post an Event Listing, Click Here

> Friday's Creativity in Sales Show Features the Very Entertaining and Provocative Rob Jolles

The Creativity in Sales Show on his Friday at 11AM features the very entertaining and provocative Rob Jolles. DC’s own Institute for Excellence in Sales (IES) continues to offer sales leaders and their teams around the globe first-class sales programs to help improve sales and business development. The IES holds industry-leading webcasts every day for sales leaders and teams! PTW readers are welcome to log in

> Women in Technology's Spring 2021 Virtual Job Fair is March 25th - Register Today!

The Women in Technology Virtual Job Fair connects you in real time with recruiters from top organizations in the Washington D.C. Metro area, who are looking to hire top talent for a wide variety of roles, including STEM-based fields. Taking place completely online, the virtual career fair allows you to explore career opportunities available to you in all areas of the field, engage directly with employers online via dynamic one-on-one text or video chats in each booth, and make new connections and broaden your network directly from your home or office via desktop, laptop, tablet or smartphone. Learn more and register to as an exhibitor or job seeker today! http://bit.ly/WITSp21JobFair

> Digital Transformation Virtual Summit - March 24+25

Join Maryland Technology, a division of the Maryland Tech Council, for our second annual Digital Transformation Virtual Summit on March 24+25, 2021. Registration is free, so don’t miss your opportunity to participate!

This year's event will focus on the new normal we have been faced with and how businesses are using digital transformation to adapt to the new reality. Attendees will hear from leaders in the technology industry on digital transformation in the time of COVID-19, security for your company, erasing the digital divide and emerging technologies that are shaping the future. The virtual summit will also feature exhibits and networking opportunities.

Learn more here: https://digitaltransformationsummit.mdtechcouncil.com/


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Services:
======
To Post a Services Listing, Click Here

> Fractional CMO for B2B CEOs. Fix your marketing now. [Heimlich]

Daniel Heimlich works with small and emerging tech companies on a part-time or project basis. He brings decades of executive-level experience in launching new products, reinvigorating existing ones and attacking new markets. As a project-based CMO, he’s helped dozens of CEOs drive revenue for their SaaS, enterprise, IoT, cybersecurity, operations and analytics solutions. 

Read about Daniel’s services and CEO testimonials, click here


> IGNITE Your High Growth Business - Cash Grants up to $50,000

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Submit your three-minute video pitch today! https://ignite.pwcded.org

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