07/20/04

UMBC's Fourth Info Tech Company This Year

BALTIMORE , MD ( July 20, 2004 ) – AVIcode, Inc., a privately-held software products company with patented technology, is the fourth new information technology company this year to call techcenter@UMBC its home.

“With a wealth of strategic alliance opportunities, and its proximity to transportation and personnel resources, UMBC is an excellent location to grow our software company,” says Mike Curreri, CEO and President of AVIcode. “We are thrilled to be moving our operation from Connecticut to Maryland , and specifically to Baltimore County .”

AVIcode's innovative products detect and report application faults in interconnected systems. AVIcode has developed a product line called Intercept Studio which is an enterprise monitoring solution that has been publicly lauded by Gartner and Microsoft, among others.

“UMBC's information technology cluster is growing stronger, with such companies as RWD Technologies, CyberGroup, BD Metrics, Epitaxial Technologies, Columbia Technologies, and TechGuard Security among the group,” says techcenter@UMBC Director Walt Schulz. “We are delighted to welcome AVIcode into the fold.”

“We have over 30 tenants representing diverse technologies ranging from mechanical engineering to pharmaceutical research, from environmental sampling to biotechnology,” says Ellen Hemmerly, Executive Director of UMBC Research Park Corporation. “AVIcode develops products that are a great fit with the strengths of UMBC research, student talent, and fellow tenants.”

“UMBC's strength in information technologies, a unique pool of IT talent, and proximity to federal and defense decision-makers makes the techcenter@UMBC a perfect location for new software development,” stated David S. Iannucci, Executive Director, Baltimore County Department of Economic Development. 

About techcenter@UMBC: UMBC's technology incubator, founded in 1989, was expanded in 1996 when UMBC purchased the 30-acre five-building Lockheed Martin Research Lab facility site and renamed it techcenter@UMBC. The Maryland Economic Development Corporation (MEDCO), with the help of $5 million in state funding, acquired the building and converted it from a single-use to multi-use facility.

Phase II is bwtech@UMBC, a 41-acre research and technology community being developed by the international commercial real estate firm Grosvenor in collaboration with the University of Maryland, Baltimore County (UMBC). bwtech@UMBC has a total development capacity of up to 330,000 square feet of office and laboratory space. The park will ultimately comprise five new state-of-the-art buildings occupied by research and technology firms. The firms have access to university expertise, students, technology, programs and facilities.