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Outside Counsel: United Bankshares closes deal with Centra

Hagerstown-based tech company acquired

Network Connectivity Solutions Corp. (NETCONN), a Hagerstown-based company that provides cloud computing and enterprise services to Department of Defense agencies, has been acquired by General Dynamics.

The Fairfax, Va., defense conglomerate will add NETCONN to its information technology department. The financial terms of the cash transaction, finalized on July 15, were not disclosed.

NETCONN employs approximately 160 workers, and the Hagerstown operation will remain at its current location.

United Bankshares closes deal with Centra

United Bankshares Inc. closed its acquisition of Centra Financial Holdings Inc. on July 8, boosting United’s presence in Maryland and West Virginia and giving it entry into Pennsylvania. The companies had announced the $186.9 million purchase in December.

United Bankshares now has consolidated assets of about $8.5 billion with 126 full service offices in five mid-Atlantic states and the District of Columbia.

Access Intelligence announces acquisition

Rockville-based Access Intelligence has announced the acquisition of Cynopsis Media LLC, the publisher of daily and weekly e-letters for the television, digital media, kids marketing and sports media businesses.

This marks the third acquisition in six months for Access Intelligence, which is a business-to-business media and information company that also produces executive conferences for the healthcare, PR, media, cable, energy and defense markets.