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POTOMAC TECH WIRE -- Dec. 3
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Sponsored by: The MAC Summit: Your Key to Success in 2021 is Now On-Demand
o McLean-based NuWave Solutions Acquires San Diego-based BigBear
o D.C.-based Dobby Raises $1.7 Million in Seed Capital
o Baltimore-based US Wind Names Jeffrey Grybowski; Recent $265 MM Financing
o Halcyon, Black Girl Ventures Launch Incubator Program
o Falls Church-Based PAE Completes $92 Million Deal for Metis Solutions
> The MAC Summit: Your Key to Success in 2021 is Now On-Demand
o Briefly Noted: ShipMonk - Grotech, Amyx, Inc., Advarra
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Event Listings:
> ACG National Capital presents Meet the Future MARS - Dec. 4 @ 1pm
> The MAC Summit: Your Key to Success in 2021 is Now On-Demand
Job Postings:
> New: Chief Information Security Officer - McLean
> New: Vice President of SEC Reporting - Rockville, Md
> New: VP, Product Marketing
> Principal Program Manager - Amazon - Arlington, Va.
> Business Development Manager - Higher Education - Professional Services
> Vice President of Finance and Administration - Activation Capital
> Team Lead - Software Engineering - Tysons
> Post your job listing on Potomac Tech Wire by clicking here
Services Listings:
> King & Spalding: Serving the Legal Needs of the Tech and ADG Communities
For information on advertising options, click here.
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o McLean-based NuWave Solutions Acquires San Diego-based BigBear
McLean, Va. -- NuWave Solutions, a D.C.-based data management and technology provider to the federal government, has acquired California-based BigBear Inc, a data analytics firm focused on national security agencies. Terms of the deal were not disclosed. This is the first acquisition since NuWare was acquired in June by private equity firm AE Industrial Partners, LP. In addition to its headquarters in San Diego, BigBear has offices in Reston and Charlottesville.
https://www.prnewswire.com/news-releases/nuwave-solutions-acquires-bigbear-a-leading-provider-of-big-data-analytics-solutions-to-the-national-security-community-301185481.html
http://bigbear.io/
o D.C.-based Dobby Raises $1.7 Million in Seed Capital
Washington, D.C. -- Dobby, a D.C.-based home maintenance technology company, has raised $1.7 million in seed capital. The financing was led by Dundee VC with participation from B5 Capital, Jeremy Achin (co-founder/CEO at DataRobot), Maury Devine (board member at ConocoPhillips), Andrew Macdonald (head of Uber Mobility), along with other investors. Using artificial intelligence, the company matches homeowners with service providers, such as plumbers and electricians. "During my days at DataRobot, I saw an opportunity to build an AI-first company from the ground up in a large and unsexy industry," said Satadru Sangupta, CEO and co-founder of Dobby. "I chose home maintenance because this $400B industry has not had a tech makeover for more than a decade.”
https://www.hellodobby.com/
o Baltimore-based US Wind Names Jeffrey Grybowski; Recent $265 Million Backing
Baltimore -- US Wind Inc., a Baltimore-based offshore wind company embarking on a major project off the Maryland coast, has named Jeffrey Grybowski as its CEO. Grybowski is the former CEO of Deepwater Wind. In August, funds managed by Apollo Global Management invested $265 million in debt and equity for the offshore wind project. “This company had a strategic vision for offshore wind in the US long before others in Europe made the jump to this market,” said Grybowski. “We will build on that vision and together with strong financial backing from Apollo Funds, we will make US Wind a major player in the offshore wind space, as a nimble and entrepreneurial company that knows how to execute complex projects in the US.”
http://www.uswindinc.com/
o Halcyon, Black Girl Ventures Launch Incubator Program
Washington, D.C. -- Halcyon, Black Girl Ventures, and Bank of America today announced a partnership to launch an eight-month business acceleration program for ten Black and Brown women-founded business ventures. The two Washington, D.C.-based nonprofits are accepting applications online through Jan. 7; the program is open to entrepreneurs from across the country. Bank of America is providing $170,000 to the program. Entrepreneurs picked for the program will receive a stipend, and attend monthly meetings. It will culminate with a week-long residency aimed at connecting participants with investors. “As Black and Brown communities continue to reel from the devastating impacts of COVID-19, supporting Black and Brown women founders is more important now than ever,” said Shelly Bell, founder and CEO of Black Girl Ventures. “We’re excited to join forces with Halcyon and Bank of America to equip our founders with the support and entrepreneurial training they need to grow their business acumen and position their companies for long-term success.”
https://www.blackgirlventures.org/post/black-girl-ventures-x-halcyon-partner-with-bank-of-america-on-2021-women-s-entrepreneurship-program
o Falls Church-Based PAE Completes $92 Million Deal for Metis Solutions
Falls Church, Va. -- PAE, a Falls Church-based, provider of managed technology services to government clients, said it has completed its $92 million acquisition of Arlington-based government services provider Metis Solutions. The all-cash deal, first announced in mid-November, expands PAE's offerings in the areas of intelligence analysis, training and program support. "The acquisition of Metis strategically positions PAE with new and attractive customers and contract vehicles across the intelligence and defense communities," said John Heller, the president and CEO of PAE. The news comes days after the company completed its acquisition of CENTRA Technology, a provider of intelligence analysis, communication systems integration and research and development services.
https://www.metisolutions.com/
https://www.pae.com/news/pae-completes-acquisition-metis-solutions
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> ACG National Capital presents Meet the Future MARS - Dec. 4 @ 1pm
On December 4 at 1:00 pm, ACG National Capital presents “Meet the Future MARS: The New Growth Frontier.” What does it take to get to Mars? The ability to lead a team of engineers and contractors scattered across 40 of the 50 states. The ability to inspire people and drive them to innovate. And a few billion dollars in budget. On Friday, December 4, 2020, join the ACG National Capital membership in welcoming Matt Wallace, a Deputy Project Manager at NASA's Jet Propulsion Laboratory, who is leading the Mars 2020 program. During this exciting monthly meeting, Matt will talk about the leadership challenges that he faces as the head of a distributed, diverse, multigenerational team with massive goals, and the attributes necessary for accomplishing great things.
https://www.acg.org/national-capital/events/monthly-meeting-mars-new-growth-frontier
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o Briefly Noted:
(Vienna, Va.) ShipMonk, an e-commerce fulfillment company backed by Vienna-based Grotech Ventures two years ago in its first round, has raised $290 million in a new equity round that was led by Summit Partners. In 2018, ShipMonk raised $10 million in a Series A round led by SJF Ventures with participation from Grotech Ventures, Supply Chain Ventures, and others.
https://www.shipmonk.com/
(Reston, Va.) Amyx, Inc., a Reston-based business consulting firm, has named William Schaefer as its new president and CEO. He replaces Satya Akula, who announced in November that he would be retiring. Schaefer formerly served as COO at Amyx, and has also served on the company’s board of directors.
https://amyx.com/2020/12/02/william-schaefer-appointed-as-ceo-and-president-of-amyx-inc/
(Columbia, Md.) Columbia-based Advarra, a provider of compliance services and technology critical to clinical trials in the pharmaceutical industry, has acquired Ireland-based Longboat, a developer of clinical trial technologies focused on site training, protocol compliance and patient engagement. Financial terms of the deal were not disclosed. Longboat's platform is designed to help simplify trial conduct and participation, increase study compliance and, ultimately, accelerate clinical trials. http://www.advarra.com
https://www.longboat.com/
https://www.advarra.com/about-advarra/news/advarra-acquires-longboat/
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Events:
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To Post an Event Listing, Click Here
> ACG National Capital presents Meet the Future MARS - Dec. 4 @ 1pm
On December 4 at 1:00 pm, ACG National Capital presents “Meet the Future MARS: The New Growth Frontier.” What does it take to get to Mars? The ability to lead a team of engineers and contractors scattered across 40 of the 50 states. The ability to inspire people and drive them to innovate. And a few billion dollars in budget. On Friday, December 4, 2020, join the ACG National Capital membership in welcoming Matt Wallace, a Deputy Project Manager at NASA's Jet Propulsion Laboratory, who is leading the Mars 2020 program. During this exciting monthly meeting, Matt will talk about the leadership challenges that he faces as the head of a distributed, diverse, multigenerational team with massive goals, and the attributes necessary for accomplishing great things. https://www.acg.org/national-capital/events/monthly-meeting-mars-new-growth-frontier
> 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.
https://macsummit.com/
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Job Listings:
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To Post an Event 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.
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