Potomac Tech Wire - Sept. 14
Discover more from Potomac Tech Wire
o Baltimore-based Barcoding Acquired By Graham Partners
o 7 Local Universities in Top 100 Ranking of Startup Colleges
o Virtu Opens New Headquarters in DC Called The HUB
o TEDCO Invests in Hyattsville-Based Ensemble Government Services
o Charlottesville-Based LumaCyte Closes Second Round of Funding
o Correction: Capgemini to Acquire Federal Crimes Division of Exiger
Briefly Noted: Harris Williams - Michael Kim, SAIC - United States Space Force, Dana Deasy
Baltimore-based Barcoding Acquired By Graham Partners
Baltimore – Barcoding, a Baltimore-based supply chain automation company, has been acquired by Pennsylvania investment firm Graham Partners. Financial terms of the deal were not disclosed. Barcoding is an integrator of automated data capture used for supply chain management. Since its founding in 1998, Barcoding has acquired various other data capture and supply chain automation companies, including the acquisition of Pennsylvania-based Procensis in April.
"There is an identifiable need for automation and data capture solutions that can improve productivity and traceability, and lower tracking costs,” said Mike Stewart, principal at Graham Partners. “We are excited to partner with the Barcoding team to help support the company's growth and leverage our operational expertise to drive value creation."
7 Local Universities in Top 100 Ranking of Startup Founder Alumni
Washington, DC – Seven universities in the Greater DC area are listed in PitchBook’s ranking of startup universities based on the number of alums who have raised venture capital over the last decade. The ranking uses data from venture analytics firm PitchBook. UVA was the top school in the region, ranking 31st, buoyed by the $1.3 billion raised by Reddit that was co-founded by UVA alumnus Alexis Ohanian. The ranking is here.
Virtu Opens New HQ in DC Called The HUB
Washington, DC – Virtru, a DC-based data security firm, has opened its new 17,000-square-foot headquarters in Washington, DC, at 1801 Pennsylvania Ave. The company has been awarded a grant from the DC Vitality Fund to create jobs and collaboration in the District of Columbia. The company is calling the space The HUB and says it will offer a meeting area for customers, partners and members of the DC tech cybersecurity community.
“Washington, D.C. serves as a financial, political, and innovation epicenter – there is no greater place for Virtru to continue to grow and scale,” said John Ackerly, co-founder and CEO of Virtru. “Innovation has always been at the heart of Virtru’s mission, and The HUB builds on this commitment. We designed a space that can uniquely function as a collaboration center for the District’s thriving cybersecurity community. Cybersecurity is a team sport: We need to bring many partners and customers to the table, and we look forward to facilitating those conversations across the private and public sectors.”
TEDCO invests in Hyattsville-Based Ensemble Government Services
Hyattsville, Md. – The Maryland Technology Development Corp. (TEDCO) said it has invested $200,000 in Hyattsville-based digital consulting firm Ensemble Government Services. The money came from TEDCO’s Seed Funds, which invest in Maryland companies that either show promise of becoming venture-fundable or are predicted to be sustainable. Ensemble offers a range of digital services to federal agencies, universities and corporations. Also, it is incubating a space weather analytics capability to support the government and commercial space sector through Ensemble Space Labs.
Charlottesville-Based LumaCyte Closes Second Round of Funding
Charlottesville, Va. – LumaCyte, a Charlottesville-based developer of single-cell analysis instrumentation used in advanced research and bioanalytics, said it has raised an unspecified amount in its second round of funding. Malvern Panalytical led the round, which the company will use to accelerate the growth of its automated bioproduction analytics tools and expand its global infrastructure to meet growing demand.
Correction: Capgemini to Acquire Federal Crimes Division of Exiger
(A story published in Tuesday’s edition of Potomac Tech Wire incorrectly stated that Exiger was acquiring the Financial Crimes Division of Capgemini. In fact, it’s Capgemini that will be acquiring the Financial Crimes division of Exiger. The revised story is below.)
McLean, Va. – Capgemini, the French provider of business and technology transformation services with federal offices in McLean, said it will acquire the Financial Crime Compliance (FCC) division of New York-based Exiger, a developer of supply chain management software with offices in McLean. Financial terms of the deal, expected to close in the coming months, were not disclosed. Founded in 2013, the FCC division specializes in advisory, analytics and managed services relating to anti-money laundering and other types of suspicious activities. Its clients include major players in the banking, capital markets and fintech spaces.
Briefly Noted:
(Richmond, Va.) Richmond-based Harris Williams, an investment bank specializing in M&A and private capital advisory services, has named Michael Kim as a managing director and co-head of its technology group. Kim, who will be based in San Francisco, was most recently the head of software investment banking at LionTree.
(Reston, Va.) Reston-based government technology giant Science Applications International Corp. (SAIC) said it has won a $574 million contract with the United States Space Force (USSF). Under the deal, the company will provide ongoing sustainment and modification of the GMASS contract-covered systems.
(Reston, Va.) Reston-based government technology giant Science Applications International Corp. (SAIC) has named Dana Deasy to its board of directors, bringing the board’s total membership to 11. Deasy, the former CIO of the Department of Defense, JPMorgan Chase, BP and General Motors, has also been appointed to serve on the board’s risk oversight committee.