FiscalNote officially acquires CQ Roll Call from Economist Group - Technical.ly DC

Business

Aug. 21, 2018 4:56 pm

FiscalNote officially acquires CQ Roll Call from Economist Group

With the $180-million deal complete, FiscalNote says it's now one of the largest tech employers headquartered in D.C.

The FiscalNote team at work during President Obama's final SOTU.

(Photo via Twitter)

Nearly a month after FiscalNote announced it would be acquiring CQ Roll Call from The Economist Group, the D.C.-based startup has officially completed the $180-million deal.

With the new acquisition, FiscalNote CEO Tim Hwang remains the largest individual shareholder and will head the company as chairman and CEO, according Roll Call. The Economist Group holds an 18 percent stake in the combined company, making it the largest stakeholder; that company’s CEO, Chris Stibbs, will join the board of directors.

“I am humbled by the opportunity to oversee the next phase of FiscalNote growth while protecting the legacy and tradition of the CQ and Roll Call brands,” Hwang said in a press release. “The combination of FiscalNote’s technology with CQ Roll Call’s non-partisan and unbiased information and analysis creates an exciting opportunity to further our mission of connecting the world to their governments, enabling us to better serve customers and readers.”

The acquisition makes the legislation tracking platform one of the largest tech employers headquartered in D.C. by employee count, according to the company. FiscalNote will be expanding its current Pennsylvania Avenue office to bring CQ Roll Call under the same roof. As we reported yesterday, Technical.ly alum Andrew Zaleski recently took a deep look at FiscalNote’s growing impact on K Street culture.

Advertisement

Companies: FiscalNote
People: Tim Hwang
-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here

Advertisement

Rockville-based edfintech startup Equiday acquired by Allovue

WeddingWire’s parent company gets a new name with a familiar CEO

Comcast acquires Arlington-based BluVector

SPONSORED

DC

Learn to lead digital transformation at Phorum 2019

Lanham, MD

2U

Business Intelligence Analyst

Apply Now
Lanham, MD

2U

Engineer II, Endpoint Systems

Apply Now
Lanham, MD

2U

Engineer II, Core Systems

Apply Now

ByteCubed and CHIEF merge to launch tech and creative design company: U.Group

GoCanvas acquired by California-based private equity firm: report

Digital marketing company REQ acquires tech PR firm SpeakerBox

SPONSORED

DC

LawIQ seeks to engineer answers for the energy industry

Washington DC

The Washington Post

Back End Developer/ Engineer – Arc Engineering

Apply Now
Washington, DC

The Washington Post

Sr. Full Stack Developer

Apply Now
Washington, D.C.

The Washington Post

Audio Engineer

Apply Now

Sign-up for daily news updates from Technical.ly Dc

Do NOT follow this link or you will be banned from the site!