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Babel Street acquires text analysis platform
Reston-based web and social media monitoring company Babel Street Inc. has completed its previously announced acquisition of text analytics platform Rosette. Financial terms of the transaction were not disclosed. Babel Street first announced the acquisition in November 2022. The company completed its purchase of the platform from Massachusetts-based BasisTech LLC at the end of December […]
ASGN acquires Mass. IT company for $350M
Henrico County-based IT and professional services provider ASGN Inc. announced last week that it has finalized its previously announced $350 million cash acquisition of GlideFast Consulting LLC. Founded in 2015, Waltham, Massachusetts-based GlideFast provides tailored solutions for the ServiceNow cloud computing platform, which helps companies manage digital workflows for enterprise operations. Gl[...]
WaveDancer to acquire Herndon SaaS firm for $90M
Fairfax-based software company WaveDancer Inc. announced Tuesday that it has entered into a definitive agreement to acquire Herndon-based software-as-a-service platform company Knowmadics Inc. for $90 million. Approximately $56.5 million in cash and $33.5 million of stock at a price of $6.50 per share comprise the $90 million total. WaveDancer intends to raise approximately $67 million […]
Herndon telehealth company to be acquired
Herndon-based acute care telemedicine provider SOC Telemed Inc. has entered into a definitive agreement to be acquired and taken private by California-based health care investment firm Patient Square Capital, it announced Thursday. SOC Telemed stockholders will receive $3 in cash per share, which represents a 366.1% premium over SOC Telemed’s closing share price on Wednesday, […]
Custom Ink acquires corporate swag platform
Fairfax County-based online custom apparel company CustomInk LLC announced Monday that it had acquired New York City-based Swag.com, a platform for corporate swag and gifting. Financial terms of the transaction were not disclosed. “With Swag.com, we’ll help organizers and organizations meet the really important need of sustaining a sense of connection and community no matter […]
Bloomberg Industry Group acquires tax software company
Arlington-based Bloomberg Industry Group has acquired Minneapolis-based Tax Prodigy for its Bloomberg Tax & Accounting division, it announced last Tuesday. Financial details of the transaction were not disclosed. Tax Prodigy will be absorbed into Bloomberg and will not function as a subsidiary. “On behalf of Tax Prodigy’s founders and owners, we are excited to be […]
Arlington-based Higher Logic acquires Montreal’s Vanilla
Arlington-based tech company Higher Logic has acquired Canadian cloud-based community software company Vanilla. Vanilla was owned by New York-based growth equity investment firm Level Equity. Financial details of the acquisition were not disclosed. Founded in 2007, Higher Logic offers a community engagement software platform aimed at associations and the corporate B2B market. With the acquisition [...]
