These 4 DC-area companies are making acquisitions to scale their businesses - Technical.ly DC

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Feb. 14, 2019 1:07 pm

These 4 DC-area companies are making acquisitions to scale their businesses

This acquisition roundup includes deals from Dark Cubed, Logi Analytics, DXC Technology and Ntiva.

A look at Ntiva's Tysons office.

(Photo by Julia Airey)

It’s been a busy week in #dctech. Here’s a roundup of some Washington, D.C., area companies making acquisitions:

Dark Cubed acquires Fenris IV Incorporated

Alexandria, Va.-based cybersecurity firm Dark Cubed has acquired Charlottesville, Va.–based Fenris IV Incorporated, a cybersecurity company that offers services to highly regulated small and mid-sized businesses. Founded four years ago, Dark Cubed provides the SaaS platform for companies to simply create an account through its web app where they can send data from their firewall to Dark Cubed to receive real time security, visibility, and automated protection. This acquisition will help Dark Cubed expand its team and offer new products and services to underserved cybersecurity markets, a press release states.

Fenris IV Incorporated being acquired is not to be confused with Glen Allen, Va.-based fintech company Fenris Digital.

“The timing is perfect for the Fenris and Dark Cubed teams to come together to accelerate our offerings in the marketplace and provide increased security without the traditional friction and high cost. Our customers will reap the benefits of this acquisition immediately as we integrate the Fenris offerings with our existing SaaS platform,” Dark Cubed CEO Vincent Crisler said in a statement.

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Dark Cube will gain Fenris IV Incorporated’s portfolio of security operations team members, analysts and a tech stack delivered as a cloud-based service, eliminating the need for expensive on-premise hardware/software solutions, the press release states. Dark Cubed customers can continue to enjoy the company’s threat protection solutions and will now have access to endpoint protection, device enumeration, security event monitoring, vulnerability scanning, penetration testing, phishing tests and training.

Crisler told Technical.ly that the company is not disclosing the terms of the acquisition deal at this time.

Logi Analytics acquires Jinfonet Software

McLean, Va.-based Logi Analytics has acquired Rockville, Md.–based Jinfonet Software, a business intelligence and analytics software provider that integrates its tech into applications. Logi Analytics develops a platform allowing users to embed analytics into commercial and enterprise applications. The financial terms of the deal were not disclosed, but this acquisition will combine the companies’ efforts to create a suite of embedded analytics capabilities, a press release states.

Both companies recently tied for the No. 1 spot in Dresner Advisory Services’ 2018 Embedded Business Intelligence Market Study for best embedded analytics company. Logi Analytics has held this position on the list for four years.

“By acquiring Jinfonet, we are creating the dominant provider exclusively focused on embedded analytics,” Logi Analytics CEO Steven Schneider said in a statement. “Our sophisticated solutions support the most modern capabilities in the industry, including security integration, workflow capabilities, write-back, pixel-perfect operational reporting, and predictive analytics.”

Logi Analytics will also add Jinfonet’s JReport software, a platform empowering companies to add precise, high performance reports and dashboards into web applications, the press release states.

DXC Technology acquires Denmark-based EG A/S

Tyson’s Corner-based IT company DXC Technology is acquiring Denmark-based EG A/S, integrator of Microsoft Dynamics 365, a collection of intelligent business applications, in the Nordic region. EG’s businesses services will be combined with DXC Technology’s Eclipse application, which the company said it delivers innovative solutions, strategic planning and implementation services that help enterprise and mid-market clients accelerate digital transformation.

“The combination of EG with DXC Eclipse will extend DXC’s leadership as a Microsoft Dynamics 365 systems integrator, greatly enhancing our ability to address client needs in the Nordic region and globally,” Mike Lawrie, DXC’s chairman, president and CEO said in a statement. “This also represents a significant investment for DXC in the Nordics, which is recognized as one of the most digitally capable areas in the world.”

DXC said it made this acquisition to extend its position as a leading global systems integrator for Microsoft Dynamics.

Ntiva acquires Network Alliance

McLean, Va.-based IT consulting company Ntiva has acquired Reston, Va-based managed service provider Network Alliance, a company that provides customized IT solutions to small and medium–sized businesses. The financial terms of the deal were not disclosed but with the acquisition, Ntiva plans to expand its clientele, broaden its product and service portfolio, and augment its presence in the accounting and finance vertical,  a press release states.

“This acquisition brings together two organizations whose values are firmly rooted in a client-first approach and who share a similar culture of innovation and growth. We see enormous opportunity for both our clients and our employees by combining our skills and abilities, including the deep industry expertise in the accounting and finance field that Network Alliance brings to the table,” CEO of Ntiva Steven Freidkin said in a statement.

This acquisition deal comes after Ntiva was acquired in 2016 by Southfield Capital in partnership with founder Freidkin.

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