(Updated at 3:55 p.m. on 9/23/2022) A consultant that provides facial recognition technology and other identity verification services to the travel and security industries has selected Tysons as the site of its new global headquarters.
Drawn by Fairfax County’s “dynamic” workforce, Pangiam will establish a base at Valo Park (7950 Jones Branch Drive) with a $3.1 million investment, Gov. Glenn Youngkin announced this morning (Thursday).
The move will expand the business with 20,000 additional square feet of office space and 201 new jobs in the county over the next three years, according to press releases from the governor’s office and the Fairfax County Economic Development Authority (FCEDA).
Big News! @PangiamTech, an emerging technology company streamlining the travel and security industries, to establish its global headquarters in Fairfax County.
Creating 201 New Jobs 👥
— Fairfax County EDA (@FairfaxEDA) September 22, 2022
“We chose Virginia as our headquarters for a variety of reasons,” Pangiam Chief Investment Officer Tom Plofchan said. “First, it’s home. Our leadership team is either from Virginia or built their careers and families here, so it was only right to build and try to contribute to the local community when we started Pangiam.”
Plofchan also cited Northern Virginia’s proximity to the federal government and “world-class” talent pool as factors in Pangiam’s decision.
“Our collaboration with Virginia’s universities has helped our team, just a handful of people with a vision less than three years ago, compete with some of the largest companies in the world for talent,” he said.
Founded by customs and security professionals in 2019 and acquired by a private equity firm in 2020, Pangiam develops tools that use data analytics, biometrics and artificial intelligence to boost security and detect potential threats, with airports as a top focus.
The company’s clients include the Department of Homeland Security, the Air Force, Delta and United airlines and Washington National Airport, per the FCEDA.
Pangiam has been occupying “temporary space” in Virginia during the buildout of its new headquarters, a spokesperson said.
“With the support of our partners at Stream Realty, the attention to detail and execution provided by our GC team at DWatts, and the flexibility and innovative design vision Collective Architecture brought to the equation, the new facility gives us space to grow and the work environment to attract top local and national talent back to the office,” Pangiam told FFXnow by email.
Secured through a collaboration between the county and state economic development teams, the selection of Tysons cements Fairfax County’s “strong position as a place of choice for tech industry leaders,” FCEDA President and CEO Victor Hoskins said in a statement.
“With safety always at the forefront of everyone’s minds, Fairfax County is pleased to have Pangiam’s headquarters in Fairfax County, the heart of America’s national security infrastructure,” Board of Supervisors Chairman Jeff McKay said. “As Pangiam works to secure our ports of entry using next-generation technology, we welcome their expansion to Tysons and the hundreds of new jobs they are bringing.”
The announcement comes just a day after Youngkin shared that another tech startup, Enabled Intelligence Inc., will expand its headquarters in West Falls Church.
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