Salt Lake Chamber issued the following announcement on July 24.
4Cast, a diversified high-tech company that develops predictive analytics aimed at homeland security, defense and healthcare has chosen Utah as a destination for its U.S. offices.
“4Cast’s expansion is another example of how Utah is emerging as an international business destination, the crossroads of the world,” said Val Hale, executive director of the Governor’s Office of Economic Development (GOED). “We welcome 4Cast as they expand their business and employ the state’s talented workforce.”
4Cast first considered expanding to Utah after meeting with representatives from the GOED and World Trade Center Utah (WTC Utah) at the 2017 SelectUSA Investment Summit in Washington D.C. After forging a connection, 4Cast again met with GOED and WTC Utah during a governor-led trade mission to Israel in Oct. 2017. One month later, 4Cast planned a site visit to the state of Utah.
“In our search for a U.S. base, we were particularly impressed with the enthusiasm and responsiveness we received from the Governor’s Office of Economic Development, World Trade Center Utah and the Economic Development Corporation of Utah,” said Nissim Titan, the CEO of 4Cast. “We believe that their support and cooperation, coupled with the availability of a skilled and rapidly growing workforce in the area, offers an amazing opportunity to forge a strong and successful U.S. presence for 4Cast in the future.”
Regarding 4Cast’s decision to locate to Utah, Derek Miller, president and CEO of World Trade Center Utah stated that, “our Governor-led trade missions give us the opportunity to connect with foreign companies that are looking to expand. 4Cast is a welcomed addition to Utah’s business community.”
Their Utah office, which is set to open in Q3 of 2018, will focus on homeland security solutions and predictive analytics software. 4Cast has began recruiting and plans to hire 100 employees over the next three years. Utah is one of two destinations for its U.S. offices. They will open a second destination this month.
Original source can be found here.
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