Catalyte Plans New Development Center In Chicago

Jacob Hsu

With a $27 million funding round and acquisition of another companyearlier this year, Catalyte CEO Jacob Hsu said the software development agency would look to expand into new cities.

On Tuesday, the company based in Baltimore’s Federal Reserve building announced plans to open a new development center in Chicago. The center will open May 7.

Catalyte operates as a software services firm, completing work for big corporations. But the company takes a unique approach to hiring that aims to open up the career path to people regardless of age, race, gender or education level. As Hsu said earlier this year, Catalyte uses predictive analytics to identify people in other jobs who have the ability to become software developers. Instead of degrees or work at other software firms, the company looks at numerous data points around skills and behavior. Once the candidates are identified, it provides training and creates teams.

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