By Steve Kozak:
Good news keeps rolling in for the tech sector…

Today, we learn that G.1440 was acquired by a division of Constellation Software.   This is, as Larry Fiorino, G.1440’s President and Founder, mentioned in their release, truly great news for Baltimore.  Not only will this bring more jobs to Baltimore, it further demonstrates that technology is alive and well in our region. 

In fact, The Daily Record reported (Dec 22) that “while the largest economic downtown since the Great Depression has devastated many in Maryland, the IT industry…is growing…adding 4,000 jobs since October 2008, an increase of 6.5%.”  We added more jobs in this sector than every other state except Virginia and, as of today, Maryland has the fifth most tech jobs in the nation. 

And today, the Baltimore Business Journal reported that venture-backed companies generated $17.1 billion in liquidity in 2009, with 44% of that being generated in the 4th quarter…setting the stage for an active year in M&A in 2010. 

Today’s acquisition of G.1440 is just the start.  Stay tuned…there’s more on the way – both acquisitions and great news from our technology sector.  2010 is looking bright indeed!