Based in Maryland, Wayne Schepens guides LaunchTech, an emerging tech PR and marketing agency that assists clients in achieving strategic results in competitive marketplaces. As reported in the company blog, Wayne Schepens’ firm had an eventful 2018, starting with independent selection by the research firm Expertise of LaunchTech as one of its Top 15 PR Firms.The company also guided the launch of the industrial Internet of Things (IoT) startup Zuul, which completed a successful Series A round of $300,000 in seed funding in January. Also taking part in the funding round were TEDCO, local investors, and the MasterPeace LaunchPad. The latter investor is a technology accelerator and Zuul is the first startup to be spun out of it. As described by Zuul founder Edward Stanford, the IoT firm seeks to bring the “robust defenses” standard in the mainstream IT market to areas such as building automation, smart transportation, and industrial control systems. The end result is that IoT configurations will be optimally secured in ways that effect process efficiencies and cost savings.
An alumnus of Virginia Tech, Wayne Schepens has over 20 years’ experience in startups and business development. Wayne Schepens is leveraging this experience to lead LaunchTech into the global cybersecurity market, which is experiencing continuous year-over-year growth. In 2018, the global cybersecurity market reached $152 billion, up from $137 billion in 2017, according to Statista. At the forefront of this growth are businesses and government institutions looking to make their digital operations effective and secure. Now, the research firm MarketsandMarkets predicts the market will grow to $248 billion in 2023, representing a compounded annual growth rate of 10.2 percent. According to the research firm, while all segments of cybersecurity, including data-loss prevention, intrusion detection, anti-malware, and compliance management will see an increase in demand. The biggest leap forward will be in the encryption segment. This segment will record the highest annual growth rate for the next five years as more businesses seek encryption solutions to safeguard sensitive data from theft. From an industry perspective, healthcare will see the highest demand for cybersecurity solutions, followed by financial services and insurance.
