o Arlington-based Axios HQ Raises $20 Million in Series A Round
o Vienna-Based 10Pearls Acquires Inspirant Group o Chevy Chase-Based Arlington Capital Forms Eqlipse Technologies oFairfax-Based WaveDancer Sells Majority Stake in Gray Matters o Arlington-Based Higher Logic Acquires eConverse Media o H5 Breaks Ground on 255,000 Square-Foot Data Center in Ashburn
> WIT’s Spring Hybrid Job Fair – March 30th and March 31st
oBriefly Noted: Curbio, Paladin Capital Group, Kion, farmRaiser
For information on advertising options, click here. __________________________ o Arlington-based Axios HQ Raises $20 Million in Series A Round
Arlington, Va. – Axios HQ, the communications software spinoff of Arlington-based media company Axios, announced that it has secured $20 million in Series A funding. The round was co-led by Glade Brook Capital Partners and Greycroft Partners. Axios HQ’s software helps companies implement the brief and abbreviated writing style of Axios – dubbed “Smart Brevity” – for its communications needs. “The reality is that leaders and communicators at every organization spend most of their time communicating, but most have never been taught how to do it effectively, efficiently, and profitably,” wrote Roy Schwartz, CEO of Axios HQ in a blog posting about the deal. “When employees receive ineffective communications – or worse, don't receive critical updates at all – they have to dig to find the essential, creating misalignment, wasted time, and lost productivity.”
o Vienna-Based 10Pearls Acquires Inspirant Group
Vienna, Va. – 10Pearls, a Vienna-based provider of digital product innovation and software engineering services, said it has acquired Chicago-based Inspirant Group, a boutique healthcare strategy consulting firm. Financial terms of the deal were not disclosed. The company said the move will further expand its presence in the healthcare industry, while adding a range of services to its offerings. Inspirant Group provides business-driven technology and process services to large and regional healthcare insurance providers, including Medicare Advantage plans.
o Chevy Chase-Based Arlington Capital Forms Eqlipse Technologies
Chevy Chase, Md. – Arlington Capital Partners, the Chevy Chase-based private equity firm, said it has combined the assets of several legacy companies to form Eqlipse Technologies, a provider of cyber and signals intelligence services to national security customers. At launch, Eqlipse has more than 600 employees across three primary locations – Herndon; Annapolis Junction; and Dayton, Ohio – and more than $200 million in revenue. David Wodlinger, a managing partner at Arlington Capital, said the new company “is purpose-built to provide our essential national security agencies with the innovation they need as their missions evolve.” Dennis Kelly, most recently the president and chief operating officer of Centauri, is the CEO of Eqlipse.
o Fairfax-Based WaveDancer Sells Majority Stake in Gray Matters
Fairfax, Va. – WaveDancer, a Fairfax-based provider of modernization, software development and cybersecurity services, said it has sold an 80-percent stake in its blockchain-enabled supply chain management software unit, Gray Matters Inc. (GMI), to Gray Matters Data, whose lead investor is venture capital firm StealthPoint. Under the deal, WaveDancer received $1 million at closing and will receive annual contingent payments over the next seven years, totalling up to a total of $4 million. The company said the sale will eliminate over $2 million of annual operating expenses related to GMI. StealthPoint and its investors plan to invest $3 million into Grey Matters Data, with the option to invest an additional $1 million within 90 days of closing. WaveDancer also said it will work with an advisor to explore strategic options, including a possible merger or sale.
o Arlington-Based Higher Logic Acquires eConverse Media
Arlington, Va. – Higher Logic, an Arlington-based developer of online communities and communication tools, said it has acquired eConverse Media, a Canadian partner specializing in the design and management of websites and communities. Financial terms of the deal were not disclosed. With the acquisition, the company said it has launched a new service called Higher Logic Thrive Design, which will connect associations' websites and communities with a unified look and feel. Founded in 2010, eConverse has partnered with Higher Logic for over a decade.
o H5 Breaks Ground on 255,000 Square-Foot Data Center in Ashburn
Ashburn, Va. – H5 Data Centers, a Denver-based provider of colocation and wholesale data centers, said it has broken ground on a planned 255,000-square-foot data center in Ashburn. Upon completion, expected in mid-to-late 2024, the three-story data center on Beaumeade Circle will support 42 MWs of critical load. Northern Virginia is the largest data center market in the world.
>Register for WIT’s Spring Hybrid Job Fair – March 30th and March 31st!
Join us to Find Your New Job or Hire New Talent this Spring at WIT's first-ever Hybrid Job Fair. WIT's Job Fair events brings technology and business professionals of all levels together with top organizations in the DC Metro area looking to fill a wide variety of roles including STEM-based fields. Both women and men are encouraged to participate and meet recruiters and hiring managers actively seeking candidates for positions. Exhibitors of all types – small, medium, large; public, private – can use this event to fill urgent, pipeline, and hot jobs. For this hybrid job fair, candidates and employers can attend the in-person job fair on March 30th; you will also have the option to attend online on March 31st to have even more time to maximize your recruiting efforts or job search. Learn more and register here: https://bit.ly/WITSprJF2023
o Briefly Noted:
(Potomac, Md.) Potomac-based Curbio, the developer of a service that helps real estate agents fix and update homes before they go on the market, has named Rebecca Levine as its CFO. Levine had served as the company’s corporate controller since 2018, and previously also held that role at Tracx, WeddingWire and Vanda Pharmaceuticals.
(Washington, DC) DC-based Paladin Capital Group, an investment firm focused on cyber and advanced technologies, has named Keith Mason as a venture partner based in Atlanta. Mason is the founder of KWM Capital Management, a national infrastructure and business development firm, and former chair of the Georgia Ports Authority.
(Columbia, Md.) Columbia-based Kion, a developer of cloud enablement tools, said it has been accepted into the Amazon Web Services (AWS) Independent Software Vendor Accelerate Program. The “co-sell” program is for AWS Partners who provide software that runs on or integrates with AWS.
(Richmond, Va.) Richmond-based farmRaiser, the developer of a social impact fundraising platform for community organizations and businesses, said it has changed its name to RaiserHQ. The company said the move comes as it positions itself to better serve fundraisers of all kinds under a family of brands consisting of multiple platforms for different fundraising opportunities.
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> Register for WIT’s Spring Hybrid Job Fair – March 30th and March 31st!
Join us to Find Your New Job or Hire New Talent this Spring at WIT's first-ever Hybrid Job Fair. WIT's Job Fair events brings technology and business professionals of all levels together with top organizations in the DC Metro area looking to fill a wide variety of roles including STEM-based fields. Both women and men are encouraged to participate and meet recruiters and hiring managers actively seeking candidates for positions. Exhibitors of all types – small, medium, large; public, private – can use this event to fill urgent, pipeline, and hot jobs. For this hybrid job fair, candidates and employers can attend the in-person job fair on March 30th; you will also have the option to attend online on March 31st to have even more time to maximize your recruiting efforts or job search. Learn more and register here: https://bit.ly/WITSprJF2023
