Startups
Acquisitions / Funding

M&A Moves: DC-based college and career readiness platform MajorClarity acquired by Paper

Plus, Softeon acquires GetUsROL, private equity firm DHS Ventures acquires a pharmaceutical company and additional recent merger and acquisition news.

Inside a Softeon warehouse. (Courtesy photo)
M&A Moves is a column where we chart the mergers and acquisitions of tech companies across the region. Have a tip? Email us at dc@technical.ly.

Paper, an online learning company, acquired the DC-based career and college readiness platform MajorClarity

A statement noted that Paper and MajorClarity’s new combination will enable “a comprehensive platform to support all students, regardless of their path after high school.”

“85% of the jobs that will be needed in 2030 didn’t exist in 2018,” said Philip Cutler, Paper co-founder and CEO, in a statement.  “It is critical that we develop better ways to connect students to career opportunities that meet their personalized interests, strengths, and ambitions.”

DC-based Halcyon Angels, an accredited angel investor network focused on impact-driven businesses, invested $400,000 in MajorClarity in 2020 — one of its earliest investments.

Reston-HQed global supply chain software company Softeon acquires GetUsROI LLC for an undisclosed amount

Softeon provides end-to-end warehouse management system software for supply chain coordination. Softeon CEO Jim Hoefflin said that its acquisition of Texas-based GetUsROI LLC will help clients better navigate uncertainty and the demand for automated order fulfillment processes.

“The addition of these incredible capabilities and expertise will benefit our collective customers, as well as provide substantial future value and agility over time,” Hoefflin said in a statement, adding: “This is a great deal for Softeon and GetUsROI customers and significantly changes the dynamics of the warehouse software market.”

GetUsROI LLC founder Mark Fralick will become Softeon’s CTO through the deal.

DC-based private equity firm DHS Ventures acquired pharmaceutical company Grupo SILMEX for $750 million

With $30 billion invested since its creation, DHS Ventures funds companies working in the business services, consumer, financial services healthcare and technology sectors. The Mexico-based Grupon SILMEX develops, manufactures and markets generic OTC products to the private market; It boasts approximately US $184 million in net revenue.

“Grupo SILMEX represents a significant step forward for our regional consolidation strategy, expanding our reach in Mexico, which we anticipate will represent approximately 30% of the total revenues of the companies’ combined, with the expectation to grow even more,” said Peter Weinstein, chairman of DHS Ventures’ M&A committee, in a statement.

Here’s what else you need to know on the regional M&A front:

  • Looking to expand to Latin America, DC-based business and government advisory firm Edelman Global acquired Brazilian government relations firm Distrito Relacoes Governamentais for an undisclosed amount. The acquisition will add a third city to its current Brazilian presence in Sao Paulo and Rio de Janeiro.
  • Arlington’s CAES, a developer of radio frequency technology used in defense and aerospace systems, acquired Herley for an undisclosed amount
  • Orbis Technologies, a content solutions, software and services company, acquired UK’s Mekon Limited for an undisclosed amount.  The combined companies will operate under a new name, Contiem, with its headquarters in Annapolis.
  • DC-based U.S. News acquired CollegeAdvisor.com, a personalized college advising platform that matches students with admissions coaches to build a customized college application strategy.
  • Cherokee Federal acquired Vienna-based Criterion Systems, a cybersecurity and IT services company.
  • Torc Robotics, headquartered in Blacksburg, acquired Algolux for its intellectual property and expertise in computer vision and machine learning.
Series: M&A Moves

Before you go...

Please consider supporting Technical.ly to keep our independent journalism strong. Unlike most business-focused media outlets, we don’t have a paywall. Instead, we count on your personal and organizational support.

Our services Preferred partners The journalism fund
Engagement

Join our growing Slack community

Join 5,000 tech professionals and entrepreneurs in our community Slack today!

Trending

The Trump rally shooter perched on a building owned by American Glass Research. Here’s everything we know about it.

Quantum computing could be the next hot tech — if only that breakthrough would come

New tech hub Station DC is launching with a $2M government grant

Here’s how the global tech outage impacted many of the vital systems across the mid-Atlantic region

Technically Media