Virginia-based IT security company Expel Inc. will invest $1.4 million in its existing Herndon headquarters. It will also almost double its existing workforce. Expel Inc. was founded by three D.C.-area IT security industry veterans four years ago. With the investment, Expel’s headquarters at 12950 Worldgate Drive will increase its existing space by 25% to 30,000 square feet.
According to wtop.com, “The company said most of the 164 new jobs it will create over the next three years are in engineering, customer experience, administrative support, marketing, and sales. The company currently has 176 employees. Expel will receive incentives through the Virginia Economic Development Partnership’s Virginia Jobs Investment Program, including $700 per job created, up to a total of $114,800.”
Dave Merkel, cofounder of Ezpel Inc. said, “There’s a fantastic pool of tech talent located in Northern Virginia, and we have close proximity to strong educational institutions and major tech companies.”
As per wtop.com, “The company, which provides systems security monitoring services both on-premises and in the cloud, raised $40 million in investor funding last June, bringing its total raised since its founding to almost $68 million. It is using its latest round of funding to expand its cloud monitoring capabilities and fund sales and marketing.”