High-Tech Company Announces Expansion

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A central Indiana-based software company is planning to add more than 80 jobs by 2019. Emerging Threats Pro LLC is opening a new Carmel office and is currently looking to fill sales, marketing and software engineer positions. October 15, 2014

News Release

CARMEL, Ind. - Emerging Threats Pro LLC, a commercial and open source threat intelligence provider, announced plans today to expand its operations here, creating up to 84 new high-wage jobs by 2019.

The homegrown-Hoosier company will invest $967,000 to lease and equip 4,000 square feet of office space in the Parkwood Crossing Business Park in Carmel. Opening its doors this week, the new space is the company's second Indiana location and will expand the company's product and development team, customer service center and inside sales department.

"Companies looking to lead the latest high-tech innovations are placing their growth in Indiana," said Governor Mike Pence. "Launching and growing within the state, Emerging Threats demonstrates the Indiana advantage. Empowered by a top-rate team of Hoosiers, Emerging Threats has transformed a great idea into a successful venture, in turn creating even more jobs and opportunity right here in Indiana."

Emerging Threats, which has 24 full-time employees, is currently hiring sales, marketing, software engineers and product development positions. Interested applicants can apply at emergingthreats.net/about-us/careers/.

"Indiana is great place for us to be located," said Ken Gramley, chief executive officer of Emerging Threats. "With schools like Rose-Hulman and Purdue to recruit tomorrows engineering stars, a state dedicated to providing a positive environment for small businesses, and the fantastic quality of life offered locally we can't think of anywhere else we would rather be. Our customers have told us that we provide the best Threat Intelligence in the world, and we are proud to provide it from here in Indiana!"

Founded in 2003, Emerging Threats provides malware and threat intelligence products and solutions to help protect mission-critical networks from known or potentially malicious threats. Offering solutions though its web-based portal IQRisk Query, the company serves original equipment manufacturers and companies of all sizes across the globe.

The Indiana Economic Development Corporation offered Emerging Threats Pro LLC up to $1,550,000 in conditional tax credits and up to $90,000 in training grants based on the company's job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Carmel supports the project.

"We congratulate Emerging Threats on its expansion in Carmel and we welcome the news that more high-paying jobs are being created," said Carmel Mayor Jim Brainard. "This news is affirmation once again that the Carmel-Indianapolis area continues to develop a national reputation for creating and sustaining high-tech jobs."

About Emerging Threats

Emerging Threats is a world-leading provider of commercial and open source threat intelligence. Founded in 2003 as a cyber security research community, Emerging Threats has become the de facto standard in network-based malware threat detection. The company’s ETOpen Ruleset, ETPro™ Ruleset, and IQRisk™ suite of threat intelligence are platform agnostic for easy integration with Suricata, SNORT®, and other network intrusion protection and detection systems. With ETPro Ruleset, organizations can achieve the highest standards of malicious threat detection with world-class support and research for extended vulnerability coverage. ETPro Ruleset is ideal for enterprises, government agencies, financial institutions, SMBs, higher education, and service providers. For more information, please visit http://www.emergingthreats.net.

About IEDC

Created in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Mike Pence. Victor Smith serves as the Indiana Secretary of Commerce and Eric Doden is the president of the IEDC.

The IEDC oversees programs enacted by the General Assembly including tax credits, workforce training grants and public infrastructure assistance. All tax credits are performance-based. Therefore, companies must first invest in Indiana through job creation or capital investment before incentives are paid. A company who does not meet its full projections only receives a percentage of the incentives proportional to its actual investment. For more information about IEDC, visit www.iedc.in.gov.

Source: The Indiana Economic Development Corp.