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POTOMAC TECH WIRE -- May 6
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Sponsored by: IES 2021 Virtual Sales Excellence Awards -- Thursday, June 3

o Ellicott City-based Huntress Raises $40 Million in Series B
o DC-based UrbanStems Raises $20 Million in Series C Funding
o Alexandria-based Boundary Street Capital Closes Fund With $330 Million

McLean-based Verato Names Clay Ritchey as New CEO
o Report: The Athletic No Longer in Merger Talks With Arlington-based Axios
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Updata Portfolio Company PulsePoint to Be Acquired by Internet Brands
IES 2021 Virtual Sales Excellence Awards -- Thursday, June 3

o Briefly Noted: Bowman Consulting Group, Tenable
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Event Listings:
> IES 2021 Virtual Sales Excellence Awards -- Thursday, June 3
> Women in Technology's 22nd Annual Leadership Awards on May 20
> Maximizing Insurance Claims Impacting Your Business - 5/21


Services Listings:
Lowenstein Sandler: Helping Tech Innovators Meet Today's Legal Challenges


For information on advertising options, click here.
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o Ellicott City-based Huntress Raises $40 Million in Series B

Ellicott City, Md. -- Huntress, an Ellicott City-based managed threat detection company, has raised $40 million in a Series B round led by JMI Equity. Existing investors ForgePoint Capital and Gula Tech Adventures also participated in the round. The startup, which works with more 1,500 resellers, helps companies identify and eliminate cyber attacks. “Until small businesses and mid-market firms can improve their security posture, they’ll remain prime targets for attackers,” said Kyle Hanslovan, founder and CEO at Huntress. “We’re seeing evidence of that every day.”
http://www.globenewswire.com/news-release/2021/05/06/2224629/0/en/Huntress-Raises-40M-to-Become-the-Go-To-Cybersecurity-Platform-for-SMBs-Arm-Reseller-Partners-with-New-Services.html

o DC-based UrbanStems Raises $20 Million in Series C Funding

Washington, DC -- UrbanStems, a DC-based flower delivery service with a large tech underpinning, has raised $20 million in Series C funding. The round was led by SWaN & Legend Venture Partners and DFE Capital Management. Other investors included Motley Fool Ventures, Gordon Segal, Gaingels and PAN. UrbanStems, which has now raised a total of $48 million, said it grew its revenue by 130% last year. “Based on our experience with direct to consumer brands, we see a tremendous amount of opportunity in the personalized gifting space,” said Jason Stiles, CEO of DFE Capital Management. “We strongly believe, based on their focus on product quality and customer experience, that UrbanStems is primed to accelerate their rapid growth.”
https://urbanstems.com/

o Alexandria-based Boundary Street Capital Closes Fund With $330 Million

Alexandria, Va. -- Boundary Street Capital, an Alexandria-based private credit investment manager focused on tech and digital infrastructure, announced the final close of its new fund with $330 million in capital commitments. The fund, called BSCP SBIC I, has already made seven investments with initial funding. “The fund and our investors are well positioned to capitalize on the strong secular tailwinds for lower-middle market digital infrastructure and technology businesses,” said Rashad Kawmy, partner at Boundary Street.
https://www.boundarystreetcapital.com/

o McLean-based Verato Names Clay Ritchey as New CEO

McLean, Va. -- Verato, a McLean-based identity resolution technology company, has named Clay Ritchey as its new CEO. Mark LaRow, the previous CEO, will serve on the company’s board of directors. Ritchey has served as CEO of Evariant, CMO at Imprivata, and CEO at Maryland-based Equinox Healthcare. The company’s technology helps manage medical records. Its investors include Bessemer Venture Partners, Columbia Capital, Blue Heron Capital and the California Health Care Foundation.
https://verato.com/news/verato-announces-clay-ritchey-new-ceo/

o Report: The Athletic No Longer in Merger Talks With Arlington-based Axios

Arlington, Va. -- The Wall Street Journal reported that Arlington-based digital media company Axios is no longer in merger talks with The Athletic, the large San Francisco-based sports publisher. The article said that executives of The Athletic view The New York Times as a leading candidate for a deal. Founded in 2016, Axios has raised venture capital from Lerer Hippeau, Greycroft, e.ventures, NBC News, Atlantic Media and others.
https://thehill.com/homenews/media/552183-report-the-athletic-views-new-york-times-deal-after-axios-merger-dies
https://www.axios.com/
https://theathletic.com/

o Updata Portfolio Company PulsePoint to Be Acquired by Internet Brands

Washington, DC - Updata Partners, the DC-based technology investment firm, said that portfolio company PulsePoint will be acquired by Internet Brands, a KKR portfolio company and owner of WebMD Health. Financial terms of the deal were not disclosed. PulsePoint, which has operations in New York, San Francisco and London, uses real-time data gleaned through machine learning and programmatic automation to help customers make better healthcare decisions. 
https://pulsepoint.com/
https://updata.com/internet-brands-to-acquire-pulse-point/
 
 
> IES Virtual Sales Excellence Awards -- Thursday, June 3

The IES awards are the pinnacle of sales excellence. In 2021, the event is going virtual and will recognize companies and leaders at the highest level. The award program promotes and advances corporate and organizational sales excellence by recognizing organizations that have demonstrated outstanding leadership and strategic vision in Business-to-Business (B2B) or Enterprise Sales.

For more information and to register, go to: https://i4esbd.com/awards/



 
o Briefly Noted:

(Reston, Va.) Bowman Consulting Group, a Reston-based consulting firm specializing in real estate, energy, infrastructure and environmental management, said it plans to launch a roadshow for its proposed initial public offering. The company, which expects to trade on the Nasdaq Global Market under the symbol "BWMN," said it will price nearly 3.1 million shares at $12-$14 each. Launched in 1995, Bowman provides planning, engineering, construction management, commissioning, environmental consulting, geomatics, survey, land procurement and other technical services to over 2,200 customers.
https://www.bowman.com/
https://www.businesswire.com/news/home/20210428005250/en/Bowman-Consulting-Group-Ltd.-Launches-Roadshow-for-Proposed-Initial-Public-Offering

(Columbia, Md.) Tenable, the Columbia-based developer of a platform used to understand and reduce cyber risk, said it has completed its $98 million acquisition of Alsid SAS, developer of a software service designed to monitor the security of Active Directory, a Microsoft technology used to manage computers and other devices on a network. The all-cash deal was first announced in February. 
https://www.tenable.com/
https://www.tenable.com/press-releases/tenable-completes-acquisition-of-alsid-and-launches-tenable-ad-to-secure-active
 
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Events:
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To Post an Event Listing, Click Here

> IES Virtual Sales Excellence Awards -- Thursday, June 3

The IES awards are the pinnacle of sales excellence. In 2021, the event is going virtual and will recognize companies and leaders at the highest level. The award program promotes and advances corporate and organizational sales excellence by recognizing organizations that have demonstrated outstanding leadership and strategic vision in Business-to-Business (B2B) or Enterprise Sales. For more information and to register, go to: https://i4esbd.com/awards/
 
> Join Women in Technology for the 22nd Annual Leadership Awards on May 20!

The Annual Leadership Awards are a highlight for WIT members and the larger DC technology community that honors women succeeding in their careers while also mentoring the next generation of leaders. Our awards ceremony is being held virtually again this year on Thursday, May 20 from 5:00 – 6:00pm with virtual networking from 6:00 – 7:00pm. Event sponsorship packages are available and individual tickets are free for WIT members! Learn more and register here: http://bit.ly/2021WITLA

> Maximizing Insurance Claims Impacting Your Business - May 21

Small business policyholders expect the protection of insurance when the company needs it the most. Too often, however, policyholders are in the position of dealing with a claim that the insurer refuses to cover. This seminar, presented by the NVTC Small Business and Entrepreneur Committee, will explore best practices companies should implement to maximize the value of their insurance policies and protect their interests. For more information and to register, go to: https://www.nvtc.org/NVTC/Events/Event_Display.aspx?EventKey=ENCE50

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

> Lowenstein Sandler: Helping D.C. Area Tech Innovators Meet Today's Legal and Regulatory Challenges.

Lowenstein Sandler is a law firm serving technology leaders throughout the greater D.C. metro area. The lawyers in our rapidly growing D.C. office  work hand-in-hand with some of the most innovative entrepreneurs and business executives in the region. We partner with our technology clients to design strategic, effective solutions to their legal and regulatory challenges so they can focus on what they do best: innovate, build, and deliver the products, software, and services that lead our world into the future.

https://www.lowenstein.com/our-dc-office



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