Daily Record: Why Md. tech startups sell and whom they sell to
Last month, Baltimore cybersecurity analytics startup RedOwl announced it had been acquired by cybersecurity firm Forcepoint, a subsidiary of Raytheon. For the most part, the acquisition was a validation for both RedOwl and the Baltimore tech community in general. RedOwl had attracted nearly $30 million in investment and had now reached a successful exit.
About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.
Tammi Thomas, President, TEDCO, tthomas@tedcomd.com
Rachael Kalinyak, Associate Director, Marketing & Communications, TEDCO, rkalinyak@tedcomd.com