Daily Briefing


December 02, 2009

Two Md. companies buy N.H. outsourced sales firm

A Baltimore private equity firm and a College Park venture capital firm said Tuesday they bought eCoast Sales Solutions Ltd., a fast-growing outsourced sales and marketing agency, for an undisclosed price. ECoast, which has 150 employees and is based in Rochester, N.H., was acquired by Slate Capital Group, of Baltimore, and New Markets Venture Partners, of College Park. ECoast provides outsourcing support for companies' sales and lead generation efforts, and has several big clients, including Cisco and Microsoft, according to Erik Ginsberg, a managing partner with Slate Capital. Ginsberg said that eCoast has grown into one of the biggest companies in the outsourced sales and marketing industry. Annual sales grew by 50 percent from 2007 to 2008, Ginsberg said, and were in the range of $10 million to $25 million, he said. He said the company's operations would remain in New Hampshire.

- Gus G. Sentementes

Silo Point wins award for high-rise in Americas

The Silo Point luxury condominium project in Locust Point has been named the best high-rise development in the Americas by the International Property Awards. The awards recognize residential and commercial developments across the globe in categories of development, design, architecture and marketing. Silo Point, a former grain elevator redeveloped by Turner Development Group, competed with entries from the U.S., South America, the Caribbean, Mexico, Panama, Canada, Belize and Bermuda and was chosen as best overall in high-rise development. Entries were judged by a panel of 52 international professionals. Patrick Turner, president of Turner Development, said he attributes much of his project's success to the uniqueness and design of the 24-story tower. Silo Point has 228 units, a lounge, parking and ground-level retail. So far, 96 condos have sold.

- Lorraine Mirabella

Comcast closes in on NBC as GE-Vivendi logjam lifts

HOLLYWOOD - Media colossus NBC Universal is a giant step closer to being sold to the nation's largest cable company in a proposed $29 billion deal. A huge barrier in Philadelphia-based Comcast Corp.'s bid to become one of the country's most powerful entertainment companies was lifted when General Electric Co. - which has owned NBC for nearly a quarter-century - reached an exit strategy with its French partner Vivendi. Late Monday's development breaks a log-jam that has held up the sale of NBC Universal. Before GE can sell control of NBC Universal to Comcast, it needs to buy Vivendi's part of the company.

- Los Angeles Times

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