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The Center for Innovative Technology (CIT) announced today that its CIT GAP Funds closed an investment in SL8Z, Inc., a global marketplace for crowdsourced recruiting located in Reston.
Wellington Financial LP, a privately-held specialty finance firm, today announced the closing of a US$2.5 million venture debt financing for a Southern California-based software-as-a-service (SaaS) web platform company.
Higher Logic, the leading industry provider of private social networking software for associations, franchises and users groups, has been ranked #18 among the Top 100 Washington, D.C. Companies in Inc.s seventh annual Inc. 500|5000.
Univa, the Data Center Automation company, today announced that the company will assume support of Oracle Grid Engine customers. As a part of the transaction, Univa acquired Oracle Grid Engine assets and intellectual property making it the sole commercial provider of Grid Engine.
An arm of the Maryland Technology Development Corp. is aiming to raise $30 million for a new fund dedicated to investing in veteran-owned businesses.
Square 1 Bank, the premier banking partner to entrepreneurs and the venture capital community, today announced that it has provided a credit facility to Santa Monica-based CrossCut Ventures, a seed-stage venture capital firm.
Mytonomy, a D.C.-area video startup, aims to connect students with college and career advice from near-peers and other role models.
Venture capital deals in the fourth quarter may be off to strong start after a series of companies from around the Washington region collected millions of dollars from investors this week.
DLA Piper has advised Vocalocity, a provider in the SMB-hosted VoIP market, on the $130m (£82m) sale of its business to New Jersey-based telecommunications provider Vonage Holdings.
Nginx, the company behind the increasingly popular web server by the same name, today announced that it has raised a $10 million Series B round led by New Enterprise Associates.