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M&A Activity

LMI Buys Analytics Software Maker Clockwork Solutions; David Zolet Quoted

LMI has acquired software company Clockwork Solutions for an undisclosed sum as the Tyson, Va.-based nonprofit consulting firm aims to grow its analytics portfolio and further invest in asset management platforms.  “We're especially excited to grow our footprint in Austin, Texas, getting closer to both our critical customers and the vibrant innovation ecosystem there," noted David Zolet, president and CEO of LMI and a 2019 Wash100 awardee.

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Virgin Galactic Set to Go Public After Closing of SCH Merger Transaction

Virgin Galactic and Social Capital Hedosophia are set to close the two firms' merger deal Friday and launch the first publicly traded space tourism company, CNBC reported Thursday. The report said Virgin Galactic could start to trade on the New York Stock Exchange by Monday under the ticker symbol "SPCE."

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