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The Big Picture San Diego Blog


iboss Cybersecurity

February 8, 2016

By Shea Benton, economic development manager 

Late January, EDC ventured into new territory by hosting ExploreSD, a three-day showcase of San Diego’s economy and talented workforce for site selection consultants from all over the country. Our goals were twofold: 1) pilot a replicable multi-day tour of the best companies our region has to offer to tell the San Diego story; and 2) proactively promote our region’s unique economy in an effort to generate new business attraction opportunities.

Over the past year, our team has engaged with a select group of consultants whose business is to compare and contrast regions for their clients, based on a gamut of criteria from real estate and utility costs to talent and quality of life, in order to help companies decide where to expand or relocate. As you can imagine, many in this industry have an aversion to California due to perceived and real barriers to doing business in the state. EDC’s strategy was to sell the San Diego region based on our thriving innovation economy, talented workforce, collaborative relationship with local and state government and unmatched quality of life.

Day 1: Joined by Mark Field, CTO of Thermo Fisher Scientific, Melissa Floca, director of the Center for US-Mexican Studies at UCSD, and Erik Caldwell, director of economic development for the City of San Diego, we kicked off day 1 with an overview of our mega-region. The conversation turned quickly to cross-border manufacturing and our proximity to Mexico, an asset previously overlooked by this group. After a multi-hour discussion, the stage was set for the next two days of company tours.

Day 2: Starting with a visual overview of downtown from the top of Diamondview Tower, our morning featured tours of Red Door Interactive, ESET and EvoNexus incubator. This portion of the event showcased San Diego’s downtown, with visit to both tech startups and established companies. The afternoon included trips to three companies with some of the most unique stories in San Diego: Illumina, iBoss Cybersecurity and BD/Carefusion. Not only are these three of the most recognizable names in the region, but they also have something else in common: they all explored expanding or relocating to other regions, only to increase their presence in San Diego.

Day 3: We began our final day in North County with tours of General Atomics and D&K Engineering to help these individuals better asses our advanced manufacturing industry. After a quick lunch at Stone Brewing Bistro & Gardens - a necessary stop for anyone visiting the region that doubled as a highlight of our craft beer industry - we explored all 5 cities along the 78 corridor. With stops at CSU San Marcos, a drive through Ocean Ranch Business Park and Carlsbad giants ViaSat and Thermo Fisher Scientific, we finished out our tour strong.

One thing was clear throughout the tour – our region’s innovation economy, talented workforce, and quality of life permeated every discussion in an organic way. With the help of an articulate group of business leaders and San Diego’s leading industry and real estate experts, we effectively articulated the benefits of business location in our region over peer metros including Austin, Denver and San Francisco. Moving forward, we intend to replicate and use this style of tour as an effective method to tell the San Diego story. 

June 19, 2015


Since its launch in 2014 as part of Governor Jerry Brown’s economic development initiative, the California Competes Tax Credit has awarded close to $124 million in credits to California companies that will hire 24,088 jobs over the next five years.

Yesterday, the Cal Competes Tax Credit Committee voted to approve an additional $47 million in tax credits, which will create 11,343 additional jobs, closing out FY14-15 - the first full year of the program. Since the programs inception, 242 companies have received tax credits totaling more than $171.5 million; more than 35,430 jobs will be created and $9.74 billion invested in the state’s economy.

San Diego companies are received more than $19.9 million of these tax credits, or 11.6 percent of all tax credits awarded throughout the state. These funds will help San Diego companies create 3,968 jobs, invest more than $877 million back into their respective companies, and pay more than $646 million in wages over the next five years. 

Companies such as BAE Systems, iboss Cybersecurity, Modern Times, NASSCO and Underground Elephant were awarded these credits.

After the vote next week, San Diego is positioned to rank 2nd in terms of the amount of jobs created and 4th in the amount of tax credits won.

Regional Breakdown of Cal Competes Awards

April 21, 2015

iboss Cybersecurity is a leading provider of innovative APT defense, web security and mobile security solutions. It’s Cyber Week in Washington, DC and the RSA Conference — “where the world talks security” — opens today in San Francisco with a lot of San Diego companies, including iboss. With increasing cyber threats to both business and government,cybersecurity is ubiquitous in every industry.  

This week, we had the opportunity to sit down with Paul Martini, CEO at iboss Cybersecurity in San Diego, to learn more about the company’s relationship with the region, and what’s in store for the future.

 

1) Tell us about iboss Cybersecurity

iboss is on the cutting-edge of cybersecurity, protecting over four thousand organizations from evasive malware and data theft.  Founded in 2003, iboss was created to provide next-gen cybersecurity for today’s complex network environments. Unlike legacy technology, we saw an opportunity to address emerging technology phenomena including mobile connectivity, cloud adoption, increasing bandwidth demands as well as the growing use of non-standard and often hidden Web ports for data stealing attacks.  With the release of FireSphere in 2014 iboss has introduced lean forward patented technology designed to close the critical gap between malware infection and detection, and contain data theft before malware can complete its mission.

We’re very proud of the fact that our technology is consistently cited by customers as being easy to use and supported by world class technical support that has delivered an industry-leading customer retention rate of over 98.5% for the last two years.

                                                        

2) What are some advantages to being located in San Diego?

First, we consistently find prodigious talent in San Diego, including cybersecurity, engineering & software development experts.   Second, we have a many former UC San Diego (my alma mater) students working here, and we’re relocating our headquarters to be across the street from UCSD, which will make it even easier to access students and engage in collaborative research.  Lastly, one can’t forget the sometimes overlooked but significant benefit of being located in such a desirable travel destination, which always adds value for a wide range of visitors, from industry analysts and partners to customers and potential prospects.

 

3) San Diego is full of dynamic companies, firms and service providers influencing global trends and innovation. Pick another San Diego company that is at the top of its game.

San Diego has always been known for defense and is of course a burgeoning hub for technology, cybersecurity and biotechnology.  We recently met with SPAWAR who is doing amazing things to keep our critical infrastructure and data safe.   There are many other great companies developing amazing technology and adding major value to customers and the region alike, including well-known enterprises such as Qualcomm, Solar Turbines, and CareFusion.

 

4) What do you anticipate for your company in five years? What do you anticipate for San Diego?
iboss is in a rapid growth phase and we look forward to meeting our goal of nearly doubling employees and overall revenue in 2015.  We’re also eager to move into our new location later this year, a 43,000 square foot facility off the I-5 in La Jolla, to house our worldwide headquarters and state of the art threat research center.   Our new facility is groundbreaking on construction in early April as part of a multi-million dollar renovation.  Once complete, it will house a cutting-edge threat research center, a technology incubator and engineering facilities. The building, which was previously home to SAIC worldwide data center, is primed to support iboss’ cloud infrastructure with multiple fiber drops, fully redundant power and suppression systems. The property will also feature an energy-efficient design, corporate fitness center, putting green, two-story slide and a technology incubator area.  iboss Cybersecurity has ambitious aspirations backed by innovative, patented technology.  Our goal is to be the next billion dollar Cybersecurity Enterprise in our region and we are putting the people and processes in place to achieve it.