Cyber security firm expanding to Utah, bringing 250 jobs
SALT LAKE CITY — FireEye, a cyber security threat protection firm headquartered in California, is expanding into Utah and is expected to bring approximately 250 new jobs.
The announcement was made Tuesday by the Governor’s Office of Economic Development and Economic Development Corporation of Utah.
FireEye entered into an agreement with the state that is expected to bring more than $14 million in new state tax revenue and approximately $152 million in new state wages over the lifetime of the agreement. The wages are expected to be at least 125 percent of Salt Lake County’s average annual wage, including benefits.
The company also is expected to invest more than $2 million in a new facility, the location of which has yet to be determined.
The GOED Board of Directors approved a post-performance Economic Development Tax Increment Financing refundable tax credit of $3,603,155 — or 25 percent of the new state revenue paid by the company over the 10-year life of the agreement.
FireEye technology protects against attacks such as advanced malware that easily bypass traditional signature-based defenses and compromise enterprise networks. The company’s solutions supplement traditional and next-generation firewalls, anti-virus and gateways that cannot stop advanced threats, leaving security holes in networks. FireEye says it offers the industry's only solution that detects and blocks attacks across Web and email as well as latent malware on file shares.
“We are very happy to be locating our Americas customer support group in Utah,” said Tony Kolish, FireEye senior vice president of customer services. “With a talented technical workforce and favorable business environment, Utah offers an excellent location for FireEye to put a technical customer support center.”
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