Innovating here: Oracle is forming a unit it’s calling a start-up within its U.S. operations to work on new technologies that may include virtual reality and artificial intelligence. The company’s effort will include new centers in Reston, Va., and Denver for “cutting-edge” products, according to job postings on its website.
Going public: Appian, a Restonbased firm that develops software to manage business processes, served notice it plans to file for an initial public offering of stock to raise $86.25 million. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
Teaming up: Bethesda-based Walker & Dunlop and Blackstone Mortgage Trust have formed a joint venture to originate, hold and finance certain loans for apartment buildings and other multifamily properties. Walker & Dunlop will contribute 15 percent of the venture’s equity capital, and BXMT will contribute 85 percent.