WASHINGTON — Arlington-based technology company Applied Predictive Technologies will keep its headquarters in Ballston, thanks in part to state and local tax incentives and grants.
APT, acquired by MasterCard for $600 million last year, also says it will expand its headquarters to larger space in a nearby Ballston building and add close to close to 370 new employees in the process.
APT had considered relocating its headquarters to sites in D.C. and North Carolina.
Incentives include a $1.75 million grant from the Commonwealth’s Opportunity Fund, as well as funding and services to support the company’s employee training activities through the Virginia Jobs Investment Program.
APT creates algorithms that help companies determine the likely outcomes to operational changes, has Fortune 500 customers that include Wal-Mart, Starbucks, Coca-Cola and Victoria’s Secret.
In addition to its Ballston headquarters, APT has offices in Bentonville, Arkansas; in San Francisco, London, Taipei, Tokyo, Sydney and Chicago.
