PLAINFIELD CHARTER TOWNSHIP — Vulnerability Discovery & Analysis Labs LLC, a Grand Rapids-based cybersecurity firm, is opening a new headquarters at 5234 Plainfield Ave. NE.
The company is investing $300,000 into the 3,000-square-foot location in Plainfield Charter Township, according to a statement. The company expects to create 25 jobs at the new facility, which includes lab and office space and an area for product design.
“We’re investing in the future of our people, processes and technology,” Dr. Jared DeMott, founder and CEO of VDA Labs, said in a statement. “We continue to expand our efforts to make our customers and the world safer. Cybercrime is quickly becoming the number one threat to businesses and people everywhere, and we’re proud to serve on the front lines of combating the threat.”
VDA Labs, which currently employs eight people, is a provider of cybersecurity services, products and training for commercial, government, financial, industry, legal and academic customers. The need to establish a headquarters office stems from the company’s forecast of “significant growth” that could nearly double its income, according to a briefing memo from the Michigan Economic Development Corp.
The MEDC is providing the company with a $75,000 performance-based grant via the Michigan Business Development Program. VDA Labs worked with Grand Rapids-based economic development firm The Right Place Inc. to secure the incentives.
Cybersecurity is a growing issue for a range of companies given industries’ heightened reliance on information technology systems.
A 2018 survey by Grand Rapids-based US Signal Co. LLC found that seven out of 10 respondents expected to have at least one unplanned disruption over the next year, and nearly two-thirds of respondents believe their I.T. systems are vulnerable to disruptions, as MiBiz previously reported.