The President and CEO of the Fairfax County Economic Development Authority (FCEDA) has called Haystax Technology a “leader in security analytics,” as well as a county “success story.”
At a December 8 launch event celebrating Haystax’s recent investment from Fishtech, a security-focused technology accelerator, Gerald L. Gordon, Ph.D., also spoke about how Haystax has mirrored the county’s economic growth trajectory and broadened market focus.
“When the company began developing risk-management software in the late 1990s,” Dr. Gordon noted, “it focused much of its effort on federal customers. In a similar way, Fairfax County’s economy then was still very focused on federal procurement. Today, [Haystax] sells its technology to leaders in several industry sectors, and Fairfax County has become a prime location for leaders in everything from software and IT to hospitality, financial services and even the automotive industry.”
Haystax was indeed focused in its early days on providing mission-critical solutions to the US intelligence and defense communities. Today, even as Haystax continues to broaden the sophistication of its analytic platform and solutions for federal customers, it is also rapidly developing new products and analytical capabilities for private-sector markets like finance, healthcare and other sectors where decision-makers face difficult security challenges.
Haystax has received much attention since the Fishtech announcement, not just from FCEDA, The Washington Post and Yahoo! Finance but from media outlets across the globe. Among the more notable articles:
- In Fishtech’s hometown of Kansas City, Missouri, the Kansas City Business Journal sits down with company founder and CEO Gary Fish to discuss the Haystax investment and Fishtech’s broader strategy and plans for the future.
- Washington Executive’s Lauren Budik quotes Haystax CEO Bryan Ware as saying: “Security analytics is an emerging growth market right now, and it’s significant that Fishtech sees far-reaching value in our platform and its patented model-first approach.”
- In GeekTime, a must-read in the VC community, correspondent Paul Mutter takes an in-depth look at Haystax’s full array of capabilities. He reports that the security analytics market is relatively new, with many applications ranging from disaster response to event management to law enforcement to insider-threat mitigation. As the demand for data-driven insights increases across industry, so does the need for advanced analytics that can mine several disparate data streams and flag high-risk personnel who could ‘go rogue’ in any number of ways.
- Meanwhile, Startland News reports that the new investment and partnership will aid Haystax’s sales and marketing efforts, affording the company with a ready-made channel partner program to extend its customer reach rapidly into new industries, such as financial services and healthcare, where there is an immediate demonstrated need for security analytics.
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Note: Dr. Gordon was right on the mark when he said that Haystax illustrates how a business can start and flourish in Fairfax County “thanks to access to a great workforce, partners, customers and investors.” Why don’t you become part of the great – and growing – Haystax workforce? Simply click on our Jobs page to see the exciting career opportunities that await you at Haystax!
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