Friday, July 29, 2016

Cybersecurity startup Bricata gets Howard County loan ahead of hiring frenzy

The Columbia-based company is looking to hire 30 next year.

Bricata is on the move again, but this time the company isn’t planning to switch states.

The cybersecurity startup grew from seven to 23 employees since moving to Maryland from Northern Virginia last year. The company has further plans to hire up to 30 new employees in 2017, according to Chief Operating OfficerRandy Stephens.

This week, the Howard County Economic Development Authority said it was awarding Bricata a $250,000 loan. The money comes from the state’s Video Lottery Terminal (VLT) funds, which are generated by 1.5 percent revenue collected from the state’s casinos. HCEDA is set to dole out $3 million in VLT loans over the next two years.

Read more at Technical.ly Baltimore

The post Cybersecurity startup Bricata gets Howard County loan ahead of hiring frenzy appeared first on Baltimore Tech.



from http://baltimoretech.org/news/cybersecurity-startup-bricata-gets-howard-county-loan-ahead-of-hiring-frenzy/

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