M&A Moves is a Technical.ly column where we highlight D.C.-area companies completing mergers and making acquisitions to scale their businesses. Have a submission? Email us at firstname.lastname@example.org and tell us why it belongs in the roundup.
Downtown D.C.-based business journalism company Industry Dive acquired Kentucky-based Mobile Payments Today, a resource site for mobile payments projects and technology news. With this acquisition deal, Mobile Payments Today will continue to publish under its brand until Industry Dive launches Payment Dive on March 1, the new publication Mobile Payments Today’s site would merge into.
“We are always looking to go deeper into markets and this is the right move as we begin to cover the payments industry — an area at the intersection of our current portfolio of publications including banking, retail, grocery, and others,” said Industry Dive CEO Sean Griffey in a press release. “The acquisition of Mobile Payments Today will give us a foothold into the payments market with readers and followers already invested in the topic.”
Casenet creates and manages a portfolio of care management software products for commercial and specialty provider organizations. Through this acquisition, Zyter will maintain the Casenet brand and market its TruCare care management products as standalone offerings in combination with its own products.
Founded in 2017, Zyter develops digital products to help improve clinical operations and patient outcomes. Last year, the company said, it won more than 50 awards for its digital product offerings.
“This acquisition improves our ability to provide a 360-degree view of each member, making it easier for payers and providers to identify opportunities to coordinate and enhance care,” said Zyter founder and CEO Sanjay Govil in a statement.
Founded in 2007, FranchiseBlast has represented more than 100 franchise brands, and its flagship field audits app will be added to FranConnect’s platform. The FranchiseBlast team will continue to operate from Canada but under the FranConnect brand now.
Chantilly, Virginia-based engineering firm VTG has acquired Fairfax, Virginia-based Intelligent Shift, a digital solutions provider to national the intelligence community. The financial terms of the deal were not disclosed, but the companies said Intelligent Shift will operate under a new VTG business unit as it focuses on expanding its national security services. Intelligent Shift founders Mike DeFede, Alissa Redding and Mike Matthews will continue to lead the company under this new branch.
“We continue to reshape our enterprise and reposition for the future,” said VTG Chief Growth Officer Sunil Ramchand in a statement. “The acquisition of Intelligent Shift accelerates our strategy, both in terms of game-changing capability growth and customer reach.”