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Area Development - Site Selection, Facility Planning and Workforce Development

DEVCON Expands Memphis, Tennessee, Operations

10/18/2019
DEVCON will expand its operations and locate its headquarters in Memphis, Tennessee. The cybersecurity company will invest $2.4 million and create 161 new jobs in Shelby County. State officials said DEVCON chose Memphis as the location for its headquarters because of its passion for entrepreneurship.

DEVCON is a cybersecurity software company providing edge security for corporate enterprise banks, e-commerce and major brands. DEVCON is the first company to offer real-time, security solutions to defend against data breaches, Magecart attacks, malware and exploitation of 3rd Party JavaScript.

“Tennessee continues to be an ideal location for tech companies like DEVCON to establish headquarters and expand operations. I am so honored that DEVCON, a leader in the technology sector, has chosen to locate its headquarters in Memphis and create more than 160 jobs. More than 38,000 new jobs have been created from recent headquarters, finance and tech projects in our state, and I look forward to seeing DEVCON succeed here as well said Governor Bill Lee.

“I congratulate DEVCON on its decision to locate its headquarters in Memphis. Since 2013, headquarters jobs have grown by nearly 40 percent in Tennessee, the best growth rate in the Southeastern U.S. I appreciate DEVCON for seeing the great advantages of doing business in Tennessee and thank the company for creating 160 new high-quality jobs in our state,”said TNECD Commissioner Bob Rolfe.

“Over the last few years there’s been some great discussion and focus around the need to create more opportunities for women entrepreneurs, which is a great start. One of the reasons DEVCON has decided to move our headquarters to Memphis is the alignment with our company’s commitment to turn those conversations into actions. Memphis has more female-owned businesses percentagewise than any other major city, and for me, as a female entrepreneur and CEO, this is the ideal community in which to grow even more opportunities for women. The state of Tennessee’s economic development is already supporting us in that cause through the ability to create educational programs for its state-funded college, which will allow us to customize vocational classes that will provide students with the expertise and certifications needed to fill the many specialized jobs we are creating,” DEVCON CEO Maggie Louie said.

“When great companies like DEVCON choose Memphis, and equally important, grow their business here, it’s further proof that what we’ve been doing for the last four years is working. DEVCON was founded in Memphis, and we’re proud to welcome them back home,” noted Memphis Mayor Jim Strickland.

“The Memphis community is excited to learn DEVCON, a nationally recognized company, plans to open a new facility in our city. We are excited to welcome DEVCON to our city and to grow on our mutual commitments. These high-quality jobs will be good for Memphis, and I appreciate our local leaders, Governor Lee, and the Department of Economic and Community Development for their work in bringing DEVCON to the Bluff City,” said Senator Katrina Robinson (D – Memphis).

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