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POTOMAC TECH WIRE -- Nov. 23
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Sponsor:  The MAC Summit: Your Key to Success in 2021 is Now On-Demand

o D.C.-based CoStar Group to Acquired Rockville-based Homesnap for $250 Million
o Germantown-based Amentum Closes on Acquisition of McLean-based DynCorp
o Herndon-Based K12 to Acquire Tech Elevator and MedCerts
o Hunt Valley-Based Sinclair Signs Landmark Sports Betting Deal with Bally's
o Arlington-Based Stand Together Ventures Lab Invests in JusticeText
o Sudhakar Kesavan to Retire as Executive Chairman of Fairfax-Based ICF
The MAC Summit: Your Key to Success in 2021 is Now On-Demand 
o Briefly Noted: National 4-H Council - Virtual, Caliburn International, QED Investors, Internet Society Foundation
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Event Listings:
> CONNECTpreneur Virtual Rocket Pitch + Networking (Free Event) - 11/24
The MAC Summit: Your Key to Success in 2021 is Now On-Demand

Job Postings:
Vice President of Finance and Administration - Activation Capital


Services Listings:
King & Spalding: Serving the Legal Needs of the Tech and ADG Communities
> Tech Branding With Impact: Free communications audit (Limited-time Offer) 


For information on advertising options, click here.
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o D.C.-based CoStar Group to Acquired Rockville-based Homesnap for $250 Million

Washington, D.C. -- In a major exit for a local startup and various local venture funds, D.C.-based CoStar Group, the real estate information and analytics company, has agreed to acquire Rockville-based Homesnap, a provider of digital tools for real estate agents, for $250 million in cash. Founded in 2008, Homesnap has developed a popular software platform used by real estates for a variety of tasks, including managing client relationships. “The acquisition of Homesnap will enable us to enter a new space and expand the total addressable markets in which we can compete,” said Andy Florance, founder and CEO of CoStar Group. Homesnap, with about 150 employees in the D.C. area, is projecting revenue of $40 million in 2020 -- a 45% growth rate over 2019. Homesnap raised venture capital from A. H. Belo Corporation, Revolution Ventures, Moderne Ventures, Updata Partners, and various individual investors.
https://www.homesnap.com/about/pr/201123

o Germantown-based Amentum Closes on Acquisition of McLean-based DynCorp

Germantown, Md.-- Amentum, a Germantown-based provider of technical and engineering services to government clients backed by private equity, has closed on its previously announced acquisition of McLean-based DynCorp International, a provider of aviation and logistics support services with more than 13,000 employees. The combined entity will boost more than 34,000 employees and $6 billion in annual revenue. “The enhanced size, scope, and footprint of the combined organization will help ensure sustained delivery excellence to our customers and allow us to pursue transformational opportunities in the market,” said John Vollmer, CEO of Amentum. Financial terms of the deal were not disclosed. 
https://www.amentum.com/2020/11/16/amentum-closes-dyncorp-acquisition/

o Herndon-Based K12 to Acquire Tech Elevator and MedCerts

Herndon, Va. -- K12, a Herndon-based education technology company changing its name next month to Stride, has announced a pair of acquisitions, agreeing to buy both Ohio-based Tech Elevator, a provider of tech skills training, and Michigan-based MedCerts, which offers online career certification training. The company is paying $23.5 million for Tech Elevator and $70 million plus possible earn-outs for MedCerts, with both deals expected to close in mid-2021. Tech Elevator aims to help students prepare for careers in technology by teaching them to code through both in-person and virtual classes. K12 said the acquired company will pair with its own Galvanize business, which hosts software engineering and data science bootcamps for advanced beginners. http://news.stridelearning.com/stride-inc-expands-ability-to-meet-demands-of-it-skills-gap-with-acquisition-of-tech-elevator/
http://news.stridelearning.com/stride-inc-to-acquire-healthcare-talent-development-pioneer-medcerts/

o Hunt Valley-Based Sinclair Signs Landmark Sports Betting Deal with Bally's

Hunt Valley, Md. -- Diving headfirst into the rapidly expanding world of sports betting, Sinclair Broadcast Group, the Hunt Valley-based broadcasting company that owns or operates nearly 200 U.S. television stations, said it has struck a 10-year partnership deal with casino-owner Bally's. Under the agreement, the companies plan to create sports gamification content on a national scale, utilizing Bally's' sports betting technology and Sinclair's extensive TV and cable network. Sinclair will acquire a 14.9% stake in Bally's, as well as the potential to purchase another 15% of the company, and rebrand 21 of its FOX regional sports networks under the Bally's name. "Bally’s… is the perfect partner to help us change the paradigm of sports viewing across all our assets," said Chris Ripley, the president and CEO of Sinclair, in a statement. "By integrating gamification elements that allow audiences a more personalized and interactive game experience, consumers of live sports in the future can look forward to a more dynamic and engaging sports viewing experience."
https://sbgi.net/pr-news/ballys-and-sinclair-broadcast-group-announce-transformational-long-term-sports-betting-and-igaming-strategic-partnership/

o Arlington-Based Stand Together Ventures Lab Invests in JusticeText

Arlington, Va. -- Stand Together Ventures Lab, an Arlington-based venture group backing startups with the "potential to drive positive societal transformation," said it has invested an unspecified amount in Illinois-based JusticeText, a software platform designed to make it easier for public defenders to process and incorporate crucial audio and video evidence. Stand Together Ventures was founded by Charles Koch, a major backer of conservative and libertarian organizations and campaigns. JusticeText's audiovisual evidence management platform helps time-constrained lawyers expedite the review of body camera footage, interrogation videos, jail calls and other media. The company is currently operating pilot programs with public defenders' offices in Texas, Ohio, New York, Nevada and DC. "In JusticeText, we see an opportunity to help scale an organization that is tackling an under resourced challenge in our justice system," said Sihyun Choi, managing director at Stand Together Ventures Lab.
https://justicetext.com/
https://standtogether.org/
https://www.prnewswire.com/news-releases/stand-together-ventures-lab-invests-in-ai-solution-for-public-defenders-301176208.html

o Sudhakar Kesavan to Retire as Executive Chairman of Fairfax-Based ICF

Fairfax, Va. -- ICF, a Fairfax-based consulting and digital services provider, said that Sudhakar Kesavan will retire as its executive chairman at the end of the year, ending his nearly four-decade run with the company. John Wasson, ICF's president and CEO, will succeed him, taking on the additional role of chairman of the board. Kesavan, who joined ICF as an associate in 1983, served as chairman from 1999-2019, when he became executive chairman. During his tenure, he has guided the company through a period of expansion that has included more than 20 acquisitions and growth in annual revenue from $100 million to $1.5 billion. Kesavan will remain active in advising organizations on governance and strategy issues
https://www.icf.com/
https://www.icf.com/news/2020/11/sudhakar-kesavan-to-retire-as-icf-executive-chairman
 
 
> The MAC Summit: Your Key to Success in 2021 is Now On-Demand

The MAC Summit for those in marketing, advertising and communications — which includes dozens of sessions providing up-to-the-minute insights and information from leading thought leaders —  is now available online. Comments from those who attended the two-day conference include: “Great, relevant topics,” "impressive” and “positive experience.” Check out the link below to see the on-demand sessions you can view to help you meet the challenges ahead in 2021.



 
o Briefly Noted:

(Chevy Chase, Md.) The USDA's National Institute of Food and Agriculture has announced a $3 million grant to help the Chevy Chase-based National 4-H Council further bolster its digital platform, 4-H at Home. The platform, intended to help level the playing field and address the widening opportunity gap for youth and families as a result of the pandemic, currently features more than 500 hands-on learning experiences for kids.
https://4-h.org/about/4-h-at-home/
https://nifa.usda.gov/press-release/usda-nifa-invests-over-105-million-support-educators-4-h-and-others-workforce-training

(Reston, Va.) Reston-based government services provider Caliburn International has named Bob Stalick as its president of engineering and technology. Stalick is currently the CEO of Owl Cyber Defense, and will continue in that role. He previously served as the CEO of Tresys Technology until its merger with Owl in 2019.
https://www.caliburnintl.com/news/caliburn-international-names-robert-stalick-president-of-engineering-and-technology/

(Alexandria, Va.) Alexandria-based QED Investors, a boutique venture capital firm investing in early-stage financial services companies, said it has hired Sandeep Patil to lead its investments in the India and Southeast Asian market. Patil previously helped launch the consumer and SME lending business at Flipkart, and was the managing director and CEO for India at Truecaller. Since its founding in 2007, QED has invested primarily in the North and South America, as well as the U.K.
https://qedinvestors.com/qed-welcomes-sandeep-patil-to-its-roster-of-investors/

(Reston, Va.) The Reston-based Internet Society Foundation, a non-profit focused on the global development and evolution of the open Internet, said it has awarded more than $1 million in digital skills development grants to seven projects in Bangladesh, Colombia and Senegal. The grants are part of the organizations new Strengthening Communities, Improving Lives and Livelihoods (SCILLS) program. Winning projects are at the link below.
https://www.isocfoundation.org/2020/11/announcing-over-1-million-in-grant-awards-for-digital-skills-development-in-bangladesh-colombia-and-senegal/
 
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Events:
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To Post an Event Listing, Click Here

> Announcing PRESENTING COMPANIES for Tuesday's CONNECTpreneur VIRTUAL ROCKET PITCH + POWER NETWORKING - November 24

Register now for next TUESDAY morning's  CONNECTpreneur Investor Network's monthly "VIRTUAL ROCKET PITCH + POWER NETWORKING" event, from 11am - 1pm EST. Come celebrate innovation and entrepreneurship, and network virtually with 400+ other entrepreneurs, investors, and business leaders in the MidAtlantic and around the country, including 150 accredited angels and private investors. REGISTER NOW FOR THIS FREE EVENT !!! This is our 54th event over the last 9 years. "Virtual Networking" is available via Private Message on the platform before and after the Rocket Pitches. You will be able to see and directly connect with ALL other attendees including our awesome presenting companies: SurgiPrice, Cyvision, Gravatate, MyFriendViolet, Pixspan, Returnable, Roboworks, VideoKall, Vital Command. This is an event YOU DON'T WANT TO MISS, so please REGISTER NOW!! Also, check out our YouTube Channel for dozens of videos of previous presenters.  Please CLICK HERE to Subscribe!!! For more info on PRESENTING or SPONSORING a future event, please email bicp@opus8.com. See you on Tuesday!


> The MAC Summit: Your Key to Success in 2021 is Now On-Demand

The MAC Summit for those in marketing, advertising and communications — which includes dozens of sessions providing up-to-the-minute insights and information from leading thought leaders —  is now available online. Comments from those who attended the two-day conference include: “Great, relevant topics,” "impressive” and “positive experience.” Check out the link below to see the on-demand sessions you can view to help you meet the challenges ahead in 2021.

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Jobs:
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To Post a Job Listing, Click Here

> Vice President of Finance and Administration - Activation Capital

Do you believe in the power of innovation to change the world? At Activation Capital, our mission is to help cultivate high-growth entrepreneurship for the Commonwealth of Virginia. The Finance & Administration VP is a strategic role with hands-on responsibility on a small entrepreneurial team. S/He is responsible for the development of Activation Capital's financial management strategy, contribute to the development of the organization's strategic goals, and provide insight into opportunities for long-term financial growth. The span of control for the role encompasses business & financial planning, annual budgeting, forecasting, accounting, financial analysis, management & performance reporting, and HR/Benefits administration. For a full description of the position and information on applying, please visit: https://www.activation.capital/jobs
 
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Services:
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To Post a Services Listing, Click Here

> King & Spalding: Serving the legal needs of the technology and ADG communities

King & Spalding provides full-service offerings to technology and aerospace, defense and government services (ADG) clients. Our transactional team provides commercially-minded advice to clients at all levels of growth, from early stage companies to multinational corporations doing business in the greater Washington, D.C., region.
For information on King & Spalding, please click here.

> Tech Branding With Impact
 
In the fast-paced, constantly evolving world of technology, you need marketing and branding that moves you forward. At O2 Lab, we specialize in helping leading regional tech firms elevate their brands. We speak your language and know how to build your company’s unique story, nurturing loyalty among your target audiences.
 
Whether it’s a brand refresh or a website overhaul, a social media campaign or a high-impact video, we help you find the right way to engage your customers, no matter who or where they are.

LIMITED-TIME OFFER: Free communications audit!

We’ll look at your current materials and talk to you about how you’re currently communicating about your business and expressing your brand. Are you speaking to your audience the right way? Are you approaching them through the right channels? 
 
Together we can maximize your impact today!


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