CHICAGO, Sept. 12, 2012 (GLOBE NEWSWIRE) -- TechNexus, Chicago's first collaborative ecosystem for tech entrepreneurs and business leaders, congratulates Open Kernel Labs, Inc. (OK Labs), one of TechNexus' first collaborators and a leading provider of virtualization software for securing wireless mobile communications, on its recent acquisition by General Dynamics.
As an incubator and collaborative ecosystem for businesses, TechNexus acts as a catalyst, allowing corporations to tap into the talent and innovative ideas of the startup community to solve real business problems. TechNexus' corporate collaboration model encourages leading companies and entrepreneurs to interact and transact.
OK Labs' technology, which has been deployed on more than 1.6 billion devices worldwide, allows mobile users to access applications on their phones while keeping sensitive information secure. The technology will allow General Dynamics to meet its need for security on government and military devices.
"OK Labs entered into what was previously an unknown field, mobile virtualization, and created a company that is revolutionizing mobile data security," said Terry Howerton, managing partner of TechNexus. "In just five short years, OK Labs has made a tremendous impact on the industry."
Steve Subar, founder and CEO of OK Labs, has helped to grow the company within the ecosystem at TechNexus, expanding to more than 50 employees. OK Labs' recent acquisition by the $32 billion aerospace and defense company is a testament to the innovation and alignment between startups and large corporations at TechNexus.
"TechNexus enabled us to tap into resources, talent and otherwise, that proved extremely valuable as we grew the company to where it is today," said Subar. "The open environment and creative hallway conversations helped us to develop a distinctive brand and to compete on a global stage."
For more information about TechNexus, visit www.technexus.com.
About TechNexus
TechNexus is a startup incubator and gateway to collaboration and growth for Chicago's technology and business leaders. Established in 2007, the ecosystem is funded privately and is anchored around the Illinois Technology Association (ITA) and nearly 75 other community groups. In 2012 TechNexus was recognized as one of America's top 10 business incubators by Forbes Magazine. TechNexus is a 'clubhouse' where ventures grow, and a co-working facility to bring technology professionals together, foster relationships and promote a sense of community. For more information, visit http://www.technexus.com.
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