The Cybersecurity Association of Maryland Inc (CAMI) has elected its 2019 Executive Committee and Board of Directors with Gina Abate, President & CEO of woman-owned, Elkridge-based Edwards Performance Solutions, serving a second term as Chairperson. The 2019 slate of officers are as follows: [Read more…]
Evergreen Advisors, LLC is pleased to announce that Shelley Lombardo, Chief Operating Officer, has been elected to the board of the Cyber Association of Maryland (CAMI). CAMI was established in 2015 to generate sales and jobs through Maryland’s cybersecurity industry. CAMI is Maryland’s only organization dedicated 100% to the growth of Maryland’s cybersecurity industry. [Read more…]
Cybersecurity is a constantly evolving subject matter for businesses. Like the computer viruses that are generally associated with the term, the issue itself has proven infectious for corporations both in its reach and impact as it grows over time.
Many organizations have learned the hard way that it is also a very costly subject matter. A study produced by IBM and the Ponemon Institute suggests that the average cost of fixing or resolving a data breach is more than $3.86 million. That number is only expected to grow. [Read more…]
Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Dunbar Cybersecurity (“Dunbar”) has been acquired by ControlScan. Evergreen Advisors Capital acted as the exclusive financial advisor to Dunbar.
Founded in 2012, Dunbar Cybersecurity offers tailored solutions to enable the safety and enhanced protection of client networks, cloud infrastructure, and end users. The acquisitions includes their well-established Security Operations Center (SOC) and powerful SIEM platform, Cyphon. The Cyphon platform streamlines incident management through a single platform. It receives, processes and triages events to provide an all-encompassing solution for analytic workflow — aggregating data, bundling and prioritizing alerts, and empowering analysts to investigate and document incidents. These advanced capabilities add to the best-in-class service ControlScan delivers to their mid-level enterprise clients. [Read more…]
Evergreen Advisors Capital, a middle-market investment bank, is pleased to announce that Chesapeake Electrical Systems, Inc. (“Chesapeake”) has been acquired by Aldridge Electric (“Aldridge”). Evergreen Advisors Capital acted as the exclusive financial advisor to Chesapeake.
Chesapeake provides the full range of electrical contracting services to a wide variety of clients in the commercial and industrial sectors. Founded in 1993, Chesapeake has completed contracts on some of the region’s most recognizable landmarks, including Dulles and Reagan International Airports, the Raven’s M&T Bank Stadium, D.C.’s Walter E. Washington Convention Center, and the Washington Beltway Express Lanes. [Read more…]
Evergreen Advisors, LLC is pleased to announce that industry leader and financial services veteran Sam DiPaola will be joining the firm as president. DiPaola recently departed his position as SunTrust Bank’s Maryland market president.
DiPaola brings more than twenty years of experience working in financial services, corporate development, and strategic sales to Evergreen. He excelled in SunTrust Bank’s Investment Banking, Aerospace, Defense and Government Services sector for 7 years before becoming the bank’s Maryland market president in 2013. Throughout his career, he has successfully closed investment banking transactions ranging between $50 million and $1 billion. During his time as Maryland market president, he led his team to produce four consecutive years of growth, and while increasing the average transaction size and asset quality.
Evergreen Advisors is a middle market investment bank and corporate advisory firm focused on excellence in servicing and supporting organizations throughout their financial life cycles to drive successful outcomes. DiPaola’s extensive network of professional relationships, comprehensive sector knowledge, and deal experience will help to accelerate Evergreen’s burgeoning growth.
For DiPaola, it was Evergreen’s community involvement, focus on long-term relationships, and proven track record of sustainable growth that attracted him to the firm. The local community is of the utmost importance to DiPaola, and Evergreen Advisors is deeply rooted in it, with involvement in organizations such as the Economic Alliance of Greater Baltimore, ETC (Emerging Technology Centers), Howard County Economic Development Authority, University of Maryland System, bwtech@UMBC, and the Salvation Army. [Read more…]
Evergreen Advisors is a proud sponsor of TEDCO’s 8th Annual Entrepreneur Expo & Stem Cell Symposium on October 30, 2018. The event will bring together all of Maryland’s entrepreneurial resources from across the state into one place, at one time.
You can expect to see 800+ of the region’s top entrepreneurs, small and large business executives, angel and venture capital investors, federal and state economic development officials, university leaders and legislators. Speaker include: Steve Case, Chairman and CEO of Revolution, LLC; Freeman Hrabowski, President UMBC; Julie Lenzer, Chief Innovation Officer at the University of Maryland; Cyndi Gula, Managing Partner Gula Tech Adventures; Deborah Tillet, President Emerging Tech Centers.
Evergreen Advisors is a proud sponsor of Howard County Economic Development Authority’s Annual Meeting and celebration of 25 years as an organization! The Howard County Economic Development Authority (HCEDA) is a public-private partnership whose primary goal is to promote economic growth and stability by supporting existing businesses, targeting new businesses and attracting corporate and regional headquarters. Its role, central to its mission, is to be a catalyst for economic growth and sustainability in Howard County. Quality economic development is critical to the County’s future to ensure an adequate tax base that will maintain and sustain the high quality of life that its residents have come to expect and deserve.
This year, the meeting will look at the history of Howard County’s economy, share an update on the current economy, and look at the new technologies on the horizon that will transform our future.
Alex Mathews was shocked at how much custom manufacturers would pay for the software he and business partner Param Shah developed. Thus FactoryFour was born.
, Johns Hopkins Magazine
Published Fall 2018
Alex Mathews hadn’t planned on becoming an entrepreneur—especially not while still in college. But in his junior year, Mathews met Param Shah through the Hodson Trust Scholarship Program. Shah told him about the production challenges he faced with his nonprofit, the Lotus Life Foundation, which delivers medical devices to children in remote areas of India. Mathews created a software platform that enabled Lotus Life to accurately produce orthotics and prosthetics customized for individual patients, and in 2016, Mathews and Shah founded their first business, Fusiform. They soon discovered, however, that their software could also serve the custom design-and-build needs of a range of industries, which up until now have lacked viable software for managing product specifications and performance data. In 2017, they launched the manufacturing software company FactoryFour (maintaining Fusiform as a subsidiary) with support from the Baltimore venture capital fund community, quickly growing to 16 employees with a current plan to double in size within the next year.
How did your personal and educational background prepare you for launching FactoryFour?
I did a lot of computer science work in high school, so I had a head start. My freshman year, I met Jamasen Rodriguez, A&S ’15, a fellow Hodson Scholar who was a year ahead of me. Along with some other friends, we launched Jama Cocoa, which specialized in single-origin chocolate truffles. I was the chief technology officer, developing our e-commerce platform. We didn’t make a lot of money but were successful enough to be bought out by an initial investor. That really changed my preconceived notions of entrepreneurship.
Read the rest of the article at here at Johns Hopkins Magazine
Bandura, which pioneered the Threat Intelligence Gateway (TIG) industry in part with the U.S. Department of Defense, today announced it has completed a Series A round, securing $4 million in financing led by Grotech Ventures, Gula Tech Adventures, Maryland Venture Fund, and Cultivation Capital. This strategic funding will strengthen Bandura’s position as a leader in the emerging Threat Intelligence Gateway (TIG) marketplace. The Bandura TIG™ is purpose-built to filter network traffic against large volumes of threat intelligence indicators, better protecting networks from the massive volume of known threats.
“We partner with innovative cybersecurity technology companies who are bringing fresh ideas and unconventional approaches to tackle the large and growing cybersecurity challenge”
At any moment, tens of millions of known malicious IP addresses and domains are attacking organizations. These threats are dynamic and everchanging and, while there is a significant volume of actionable threat intelligence that can be used to detect and block the threats, firewalls can manage only a very limited number of threat indicators. The result is security coverage gaps, alert fatigue, staff overload, inefficient use of expensive firewall resources, and suboptimal return on existing security investments.
“Firewalls are getting crushed by the sheer volume of threats that hit organizations industry-wide every day,” said Chris Fedde, CEO of Bandura. “And, while external threat intelligence is available,most companies lack the staff and resources to effectively and efficiently operationalize it. The Bandura TIG complements the firewall, enabling companies of all sizes to use threat intelligence without limits in an easy and automated way. We are grateful for the support of our investors and believe it is a testament to our work redefining the industry’s use of threat intelligence from reactive detection and response to proactive prevention.”