BlueVoyant will establish a Global Cyber Analytics Center in the University of Maryland’s Discovery District
BALTIMORE, MD (February 1, 2018) – BlueVoyant, a global cybersecurity firm, today announced plans to establish a Global Cyber Analytics Center at the University of Maryland, College Park in early 2018. Currently operating out of a temporary site in College Park, the company will employ 25 highly-skilled analysts and data scientists and plans to add more team members with the move to the new facility in the university’s Discovery District.
“Opening the Global Cyber Analytics Center is an important step to enable BlueVoyant to provide uniquely comprehensive threat intelligence to our customers,” said CEO Jim Rosenthal.
The new center will analyze internet traffic data as well as insights on dark web activity to help defend companies against external cybersecurity threats. BlueVoyant’s tools and capabilities enable companies to predict, detect, and respond to known and emerging cybersecurity threats well outside of their own systems. The company expects to launch its new generation of commercial products this year.
“We are very pleased that BlueVoyant chose to bring its Global Cyber Analytics Center to Maryland,” said Governor Larry Hogan. “We lead the nation in cyber innovation, and here BlueVoyant will find the talent, the resources, the quality of life, and the business-friendly environment to help them succeed here in our great state.”
“BlueVoyant’s decision to open its Global Cyber Analytics Center in Maryland is another great example of the environment we’ve created over the past three years,” said Maryland Commerce Secretary Mike Gill. “In Maryland, innovative companies can grow, thrive, and create the jobs of tomorrow. BlueVoyant joins our state’s vibrant cyber sector, leading the nation’s efforts to protect the digital network.”
To assist with project costs, the Maryland Department of Commerce has approved a $100,000 conditional loan, through the Maryland Economic Development Assistance Authority and Fund (MEDAAF). Prince George’s County is processing an application for a $100,000 conditional loan through its Economic Development Incentive Fund (EDI Fund), and assistance through the county’s Workforce Services Division. BlueVoyant is also eligible for incentives including the state’s RISE Zone Program, which provides property tax credits to qualifying businesses within a geographical area as designated by Maryland Commerce.
“We welcome BlueVoyant and its employees to one of the most vibrant economic centers in the entire United States – Prince George’s County, Maryland,” said County Executive Rushern L. Baker III. “The use of our $50 Million EDI Fund to support a UMD-connected cybersecurity startup represents the precise model that was put in place to propel Prince George’s County to its current position as the #1 county in Maryland and one of the top 25 counties in the nation for job growth.”
“We chose this location for the center because of its proximity to the University of Maryland and its talent base of students and individuals with government and private-sector experience, as well as the chance to be a part of the College Park growth plan,” said Dan Ennis, head of threat intelligence and operations for BlueVoyant. “The University of Maryland has made a conscious effort to develop cybersecurity talent, and we’re excited to partner with them on talent development, cybersecurity, and large-scale data analysis.”
The center’s permanent location will be in the StartupUMD@Diamondback Garage, behind The Hotel at the University of Maryland, which includes dedicated space for private sector companies as well as UMD entrepreneurial programs. BlueVoyant is the second company to be announced as locating in the StartupUMD@Diamondback Garage, joining Capital One.
“The Hotel at UMD is an important mixed-used development that serves as an anchor to the university’s Discovery District,” said Ken Ulman, chief strategy officer for the University of Maryland. “Companies like BlueVoyant serve as a catalyst in strengthening our innovation ecosystem and surrounding Greater College Park community.”
Founded by CEO Jim Rosenthal, former COO at Morgan Stanley, and Executive Chairman Tom Glocer, former CEO at Thomson Reuters, BlueVoyant is a provider of Advanced Threat Intelligence, Managed Security Services, and Cyber Investigations and Response services with offices in New York, the Washington D.C. area, London, and Tel Aviv. More information on BlueVoyant can be found online at www.bluevoyant.com
About Maryland Commerce
The Maryland Department of Commerce stimulates private investment and creates jobs by attracting new businesses, encouraging the expansion and retention of existing companies, and providing financial assistance to Maryland companies. The Department promotes the State's many economic advantages and markets local products and services at home and abroad to spur economic development and international investment, trade and tourism. Because they are major economic generators, the Department also supports the Arts, film production, sports and other special events. For more information, visit commerce.maryland.gov