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Data Analytics Startup FactGem Opens for Business in College Park

March 25, 2016
Contacts: 

Alana Carchedi 301-405-0235

Company attracted to vibrant tech hub bolstered by Greater College Park initiative

COLLEGE PARK, Md. – FactGem, a next-generation data analytics company, is moving its headquarters to College Park, relocating from its former offices in Ohio. The addition of FactGem to the area’s growing startup community builds on the University of Maryland’s Greater College Park initiative, which is designed to enhance the academic campus and the surrounding communities.

"Welcoming an innovative startup like FactGem to College Park is another great opportunity to bring the public and private sectors together, opening new doors for our students and faculty,” said Carlo Colella, UMD's vice president for administration and finance. "FactGem is an exciting addition to our community and we look forward to working closely with them as our neighbors in Greater College Park.”

FactGem—founded in 2013 by CEO Megan Kvamme and CTO Clark Richey—is focused on developing innovative solutions that make graph technology easily accessible. FactGem currently has five employees, with two working in the College Park office, and is looking to grow that number over the next six months. In addition, FactGem hopes to build relationships with UMD students and faculty to find new ways to collaborate. In the months ahead, the company is planning to begin a series of tech meet-ups where students can network and become more familiar with what’s happening in the technology and software professional communities.

“The University of Maryland community was an ideal choice for our new headquarters because of the tremendous access to other cutting-edge startups, university students and researchers,” says Clark Richey, CTO of FactGem. “We are eager to be part of the vibrant and growing startup landscape, as we work to continue being the fastest way to load, search and graph data.”

"It’s clear that word is spreading about College Park’s growing startup community and we’re thrilled that FactGem is attracted to the culture we’re building,” says Ken Ulman, the university’s chief strategy officer for economic development. “As FactGem grows and thrives, we look forward to additional innovative companies joining them in Greater College Park.”

FactGem has close ties to data management startup Immuta, which opened its new headquarters in College Park last fall. FactGem and Immuta will be sharing space located at 8400 Baltimore Avenue in College Park.