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Cisco to buy local software company Broadsoft for $1.9 Billion

Cisco BroadsoftCisco Systems, the major Internet hardware provider, is buying Gaithersburg-based Broadsoft, Inc. for $1.9 billion; the companies made a joint announcement Oct. 23.

Broadsoft, which according to securities disclosures has about 200 employees at two locations in Gaithersburg, supplies corporations with software platforms for customer service, internal communications, and cloud migration. It has customers in 80 countries, including 25 of the 30 largest Internet service providers worldwide, ranked by revenue.

While headquartered in Gaithersburg, Broadsoft has more than 1,700 employees worldwide.

For San Jose, Calif.-based Cisco, the Broadsoft acquisition is part of a wide-ranging move in the last several years to add web and cloud applications and services to its product portfolio, explained Rowan Trollope, Cisco senior vice president, in a telephone press conference. Broadsoft also brings in many small- and medium-sized businesses to Cisco as customers, he said.

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Four MoCo companies secure $2.5 billion satellite contract

satellite1Four Montgomery County companies are among 19 firms nationwide selected by the General Services Administration to provide satellite services to federal agencies.

There are at least 1,500 mostly high-tech jobs in the satellite industry in the County. That’s based on figures provided by Germantown’s Hughes Network Systems, by far the largest satellite company in the County and among the largest in the nation, as well as information from UltiSat in Gaithersburg.

The other companies selected by GSA were AIS Engineering of Silver Spring and RiteNet Corp. of Rockville. There were also 11 firms chosen from elsewhere in the D.C. area, and four firms outside the area.

Federal agencies use satellites for many functions, including communicating between and within agencies, military surveillance, earth and space observation and other scientific uses, satellite research and development, navigation, broadcasting, emergency assistance both domestic and foreign, and operational activities like employee training and fleet and asset tracking.

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County Joins Top Locations for Vaccine Research

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Montgomery County, particularly Gaithersburg, has become a central hub for vaccine research and development, and to a lesser extent for vaccine manufacturing.

The County is a key vaccine development center “not only for the country, but the world,” said Brad Fackler, senior director for life sciences at the c.

There are no figures available for revenues brought into county companies for vaccines, or number of people employed here in the industry. However, the state Department of Commerce website says that the overall life sciences industry was responsible for $17.42 billion in gross state product (2015), 41,570 jobs with $4.28 billion in wages (2016), and $1.55 billion of federal procurement to contractors in the state (fiscal year 2016).

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Local firm expands to help federal agencies

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Bethesda-based InfoZen has hired 120 employees in the past 12 months and expanded its workspace for developing software to move, manage, store and protect massive databases for key federal agencies.

A key to its recent expansion has been a $208 million contract the firm won in 2016 to work with U.S. Citizenship and Immigration Services, part of the Department of Homeland Security, said Susan Sparks, deputy program manager for the company’s work on the contract.

The company said it has more than doubled its annual revenue since 2015. Sparks said it expects to keep hiring and continue on its strong recent growth trajectory.

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Local inventor wants to change your ballgame going experience

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BETHESDA -- Ever sit at a baseball game eating a slice of pizza, and not know what to with the plate once you’re done? You probably shoved the plate on the ground below your chair, assuming the janitors at the stadium will pick it up for you. Brian Kelley, 22, has an invention to change that.

The idea started during a group project in his entrepreneurship class during his senior year at The Bullis School in Potomac. The students were assigned to create a business idea and pursue that idea. “Going to a lot of games growing up, I’ve noticed the amount of trash that accumulates,” Kelley said. “So this idea came up in my head, I thought ‘Let’s get a better way for being able to throw out trash.’”

Kelley wanted to create a more efficient way for people to throw out their trash and for cleaning crews to collect the trash. To do this, Kelley started by taping paper bags onto the bottom of chairs. The bag makes cleanup after the game easier, as all a janitor would have to do is pick the bag off the chair, instead of pick up the trash off of the floor.

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Bethesda proves to be “Ground Zero” for hotel businesses

Bethesda is one of the top places in the country for companies on both the ownership and management sides of the hotel business.

J.W. “Bill” Marriott, Jr., CEO of Marriott International Inc. from 1972 to 2011 and still executive chairman, led the lodging industry’s separation of management and ownership functions for larger, higher-end properties. Until the 1980s, hotel owners in all price ranges generally managed their own properties, and chains had either central ownership or franchising deals holding them together.

Marriott concentrated on the management side of the business, developing the powerful marketing synergies of nationwide and worldwide hotel brands, as well as expertise and cost savings in hotel operations.

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Council and businesses consider innovation to bring in the jobs

Founders of successful Montgomery County businesses discussed why they’re in the County and how they thought it can maintain the inflow of innovative businesses and jobs in a June 20 learning session with all nine County Council members.

David Petr, CEO of the Montgomery County Economic Development Corporation, who organized the event, said the many key components of an attractive package for innovative businesses include: (1) a talented workforce; (2) good real estate space in which to locate; (3) capital access through banking and venture capital; (4) good transportation within the jurisdiction and to the rest of the country and the world; (5) clusters of expertise in particular businesses; (6) good local education systems, both K-12 and university; (7) an effective workforce development program; (8) openness to change and innovation; (9) nurturing small businesses and incubator programs in fields with special promise; (10) and a good community in which to live.

“We crush Fairfax County” on standards such as place to live, education systems, work-life balance and traffic, said Tien Wong, founder/CEO of Opus8 in Chevy Chase, a statement that brought smiles and support from Council members.

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Council, CEOs Explore Turning Innovation Into Jobs

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Founders of successful Montgomery County businesses discussed why they’re in the County and how they thought it can maintain the inflow of innovative businesses and jobs in a June 20 learning session with all nine County Council members.

David Petr, CEO of the Montgomery County Economic Development Corporation, who organized the event, said the many key components of an attractive package for innovative businesses include: (1) a talented workforce; (2) good real estate space in which to locate; (3) capital access through banking and venture capital; (4) good transportation within the jurisdiction and to the rest of the country and the world; (5) clusters of expertise in particular businesses; (6) good local education systems, both K-12 and university; (7) an effective workforce development program; (8) openness to change and innovation; (9) nurturing small businesses and incubator programs in fields with special promise; (10) and a good community in which to live.

“We crush Fairfax County” on standards such as place to live, education systems, work-life balance and traffic, said Tien Wong, founder/CEO of Opus8 in Chevy Chase, a statement that brought smiles and support from Council members.

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The business of government is not a business

donaldtrumpThe American voters elected a businessman to run the federal government because they mistakenly believed that the government would be run more effectively with a businessman at its helm. Why, then, is there any surprise that Donald J. Trump is running the federal government exactly as he had run Trump Enterprises? Why, then, is there any surprise that he expects federal government employees to respond to him exactly as Trump employees had?

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