GOVERNOR O’MALLEY VISITS RED OWL ANALYTICS, CONTINUES “GOVERNING FOR RESULTS” TOUR

FOR IMMEDIATE RELEASE

GOVERNOR O’MALLEY VISITS RED OWL ANALYTICS, CONTINUES “GOVERNING FOR RESULTS” TOUR

ANNAPOLIS, MD (July 8, 2014) — Governor Martin O’Malley today visited Red Owl Analytics, a Baltimore-based cyber security company, as part of the “Governing for Results” tour – a series of events focused on the State’s performance management efforts, doing what works to address emerging challenges and the O’Malley-Brown Administration’s strategic 16 goals to move Maryland forward.

Today’s event touched on the Administration’s strategic investments in high-growth sectors like cyber security, bio tech and R&D—actions that helped the Administration achieve its goal to recover 100 percent of jobs lost during the Great Recession by the end of FY 2014. Over the last year, Maryland has created more than 22,000 jobs with nearly 85 percent of those jobs created in the State’s dynamic private sector.

Governor O’Malley met with company officials and employees and was given a demonstration of the company’s flagship product Reveal, a first-of-its-kind software application that provides proactive risk oversight for financial services companies, legal and investigative firms, and the U.S. government’s intelligence community. The company, which was founded in 2011, has 25 employees in Baltimore’s Federal Hill neighborhood and plans to double its workforce over the next few years. Red Owl was one of the winners of the inaugural Invest Maryland Challenge in 2013, taking home a $100,000 prize in the IT category, and was named “Most Innovative Company” at the 2014 RSA Conference Innovation Sandbox.

“In Maryland, we’re investing in education, innovation, and infrastructure so that companies like Red Owl will continue to invest and create jobs in Maryland,” said Governor O’Malley. “With tools like the Cyber Tax credit, we’re helping companies like Red Owl address our nation’s emergent cyber security challenges and further positioning our state as the national epicenter of cybersecurity.”

“By continuing to make strategic investments in thriving sectors like cybersecurity, we’ll continue to create jobs and grow Maryland’s economy,” said Lt. Governor Brown. “We remain committed to working in partnership with companies like Red Owl in order to make Maryland the best place to live, work, and raise a family.”

“The support from Governor O’Malley and the State of Maryland has been exceptional,” said RedOwl CEO, Guy Filippelli. “Their commitment to fostering innovation throughout the region is one of the primary reasons we chose Baltimore to build our company. We love being a part of such an exciting entrepreneurial scene.”

Red Owl is continuing to grow in Maryland. Last month, the company announced it had raised $4.6 million in new capital from investors, including several San Francisco-based venture capitalists and Under Armour CEO Kevin Plank. The company also recently hired Michael Madon, a former U.S. Department of Treasury official to lead its fast-growing government portfolio.

“Governing for Results” is a statewide effort to promote the O’Malley-Brown Administration’s 16 strategic goals and highlight Maryland’s progress in the areas of opportunity (jobs and schools), sustainability, public safety, and health. Kicked off in early June, events will continue over the next several months and will chronicle some of the different strategies the Administration is using to make Maryland a safer, healthier place with more jobs and opportunity for all Marylanders.