M&A Moves: These 3 DC-area companies are growing via acquisition - Technical.ly DC

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Mar. 27, 2019 12:44 pm

M&A Moves: These 3 DC-area companies are growing via acquisition

Our latest roundup includes deals from Industry Dive, Aquicore and Applied Insight.

Aquicore CEO Logan Soya.

(Courtesy photo)

Along with funding and hiring, we often cover D.C.-area companies exiting the scene or being acquired by another company. For the second month in a row, we’re bringing you this acquisition roundup of #dctech companies making acquisitions to continue to scale their growth here.

We’re trying to make this a regular thing, so here we go. Let’s take a look at some local companies making M&A moves:

Aquicore acquired Entic.

Commercial real estate software company Aquicore has acquired Florida-based software-as-a-service firm Entic for an undisclosed amount. With the acquisition, Aquicore is adding Entic’s platform that provides prescriptive analytics and building recommendations for commercial properties, a press release states. The platform will be added to Aquicore’s mobile app and cloud-based platform that’s equipped with other commercial real estate digital tools.

Logan Circle-based Aquicore helps buildings monitor their usage of all utilities (electricity/gas/water/steam/BTU) in real time and this acquisition helps expand their software offerings. Now combined, Aquicore and Entic are used across 250 million square feet of commercial real estate space, which includes more than 700 offices, the companies noted in a statement.

“I couldn’t be more excited about the merging of these two teams. Together, we will propel the proptech industry forward, giving the commercial real estate industry a powerful solution unlike any it’s ever seen,” Aquicore founder and CEO Logan Soya said in a statement.

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The Washington Business Journal reported that the Aquicore team will grow by 65 employees with locations in Florida, Massachusetts, California and the District, while Entic founder Carlos Diaz will join the Aquicore executive team.

Aquicore recently shared tips on landing a job ahead of our annual tech jobs fair, NET/WORK DC, happening Wednesday, March 27.

Industry Dive acquired Insight City.

Downtown D.C.’s Industry Dive acquired digital life science and healthcare publication InsightCity to expand its coverage on its BioPharma Dive vertical.

The terms of the deal were not disclosed but this acquisition will expand on BioPharma Dive’s already active 200,000 readers. The vertical covers biotech and pharma industry news.

“Delivered with the mantra ‘There. You’re smarter.’ InsightCity’s weekly snapshot offered industry executives a quick and irreverent look at the news of the day. We are honored to expand upon that reporting and look forward to welcoming the readers of InsightCity into our community of more than five million business executives,” Sean Griffey, CEO of Industry Dive said in a statement.

Since its inception in 2012, Industry Dive has raised $900,000 across two funding rounds according to Crunchbase.

Applied Insight acquired Stratus Solutions and ATG.

Ashburn, Va.-based Applied Insight is broadening its cloud computing, artificial intelligence and analytics capabilities with two acquisitions of government contractors. The company designs solutions to help the federal government solve tech problems. With the acquisition of Maryland-based companies Applied Technology Group (ATG) and Stratus Solutions, Applied Insight grows to 500 employees and $140 million in revenue, the Washington Business Journal reported

“ATG and Stratus are important advances in our strategy for AppIied Insight. In becoming part of AI, with its broad customer base across the federal government, both ATG and Stratus have a clear route to new federal customers. We’re backing them with R&D investment to further develop their capabilities as customer requirements flex and change,” Gavin Long, managing partner in The Acacia Group, backer of Applied Insight, said in a statement. “We see great potential in bringing them in to AI to work at the nexus of cloud computing, analytics, artificial intelligence and cybersecurity.”

This announcement comes after John Hynes was recently appointed CEO of Applied Insight.

Companies: Industry Dive, Aquicore
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