About 18 months after graduating from a Prince George’s County incubator, a Greenbelt technology consulting business is set to open its second office this week.
Angarai International has doubled its workforce and nearly doubled its annual revenues to just under $6 million since leaving the county’s Technology Assistance Center business incubator in Largo in September 2011, said CEO Venkat A.R. Subramanian.
On Friday, the company will host a grand opening of its new 2,000-square-foot office — dubbed Angarai II — at 7319 Hanover Parkway in Greenbelt, with several county and state officials expected to attend.
Having launched the business in his basement in 2003, Subramanian moved it to the incubator in 2007. He has landed clients including the Washington Metropolitan Area Transit Authority, the Maryland Department of Human Resources and the Army. Angarai now has 30 employees, who will be split evenly between the two Greenbelt offices, Subramanian said.
Angarai’s growth represents the business technology culture that the county, including the Prince George’s Economic Development Corp., is striving to nurture, said Gwen McCall, CEO of the economic development corporation.
The corporation manages the incubator, which hosts seven businesses and is recruiting to reach its capacity of 20, she said. Her organization has been restructuring the incubator to focus on fostering technology companies in hopes of growing a technology corridor in Prince George’s County, McCall said.
Market reports show health care, life sciences and technology are the “wave of the future,” offering high-paying, steady jobs and promoting economic development, McCall said. She said the county’s existing technology resources such as NASA’s Goddard Space Flight Center in Greenbelt and the federal Beltsville Agricultural Research Center, as well as the University of Maryland, College Park, support this focus.
McCall’s organization also recently signed with the Tech Council of Maryland to provide more networking opportunities for Prince George’s business leaders and more information on what is going on in the market, she said.
Prince George’s has about 2,200 technology-related businesses, according to the county.
“It’s all part of the recipe to help grow technology businesses in Prince George’s,” McCall said. “Angarai is a testament to what we do here in the incubator.”
The county also helped Angarai locate its first office space.
Subramanian said he is pleased with the county’s increased attention to technology and is particularly encouraged by the county’s efforts to bolster local contracting with the county government. The Prince George’s County Council approved legislation in 2011 that takes effect in July that will give preferences to county businesses in awarding contracts greater than $1 million. The county has set a goal of 30 percent of the total value of county contracts awarded going to Prince George’s minority-owned businesses.
Although Angarai has yet to contract with the county, Subramanian said the new legislation gives him hope of doing work with Prince George’s.
Angarai has developed a strategic plan through 2020 and intends to pursue more health care activities related to information exchanges and cybersecurity, he said.
The company also is working on potential international contracts, including a memorandum of understanding it signed with CI in Chennai, India, in 2011 to open a CI office in Maryland that would focus on mobile and Web applications. The deal was a highlight of Gov. Martin O’Malley’s trade mission to India in November that year.
Subramanian said most of his employees are Prince George’s residents and most of Angarai’s minority-owned subcontractors also are in the county, including Liquid Web Designs, which is still at the county incubator. He said Angarai focuses on helping these minority-owned businesses grow as Angarai has grown.
“We want to do our part to make this county a thriving place to work and live,” he said.