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Updated 3:35 p.m. — Ballston-based ThreatConnect — a cybersecurity company helping other companies fend off hackers — is planning to ramp up its operations thanks to an investment from Providence Strategic Growth (PSG).
ThreatConnect specializes in cybersecurity “intelligence,” where the information on incoming threats is collected across member organizations and spread across the network, so information gained from an attack on one company can be used to defend the others.
The company started in Shirlington but has since moved to its current headquarters in Ballston. But while ThreatConnect’s location may have changed, CEO and Co-Founder Adam Vincent said its core strategy has not.
“We have had the same vision since we released the first version of the ThreatConnect Platform in 2013,” Vincent said in an email. “We were a step ahead of the market then, and I feel we are still in front of the market today. Our vision is, and was, to improve decision-making in cyber — giving the business the ability to make smarter, faster decisions and act on them quickly — all without adding additional personnel.”
Even though the mission hasn’t changed, the client base has expanded.
“While in the beginning, we were an obvious choice for large enterprises, we see more mid-size companies choosing ThreatConnect,” Vincent said. “We are seeing more verticals — for example, healthcare, utilities — in addition to all the financial and retail companies we have served for years. Given the current security climate, all organizations are realizing that a security program is not a ‘nice to have’ but a ‘need to have’ in order to grow their own business.”
The exact amount of the investment isn’t being disclosed — a common trend among recent investments — but Vincent said PSG is fully committed to the company’s strategic growth.
“We chose them as a strategic partner, not just another investor, because we know their support will be ongoing,” Vincent said. “PSG appreciates our value proposition — to change how businesses manage their security — which was a driver for them investing.”
After the investment, Vincent said ThreatConnect will begin accelerating its current strategy. In a blog post, the company said it will be making new investments in data sources to provide more information for operational and tactical decision making.
But as ThreatConnect grows, it has no plans to leave Arlington.
“We think Arlington is a great place to work, whether in cybersecurity or another vertical,” Vincent said. “It is close and very accessible to D.C., but not too close. And, though our business is worldwide, we choose to have our headquarters in Arlington. It’s our home. It seems like a great central location for most of the staff that comes into the office. The immediate area around the office has grown and changed a great deal in just the short time we have been here — and everyone appreciates the new food/drink options that have recently opened or are about to open.”