Merger positions AIS affiliate for growth
GreyCastle Security, a subsidiary of Rome-based Assured Information Security, has acquired an information security management consulting firm, Orange Parachute, for an undisclosed amount.
Minnesota-based Orange Parachute adds compliance services to GreyCastle Security’s service catalog, including cybersecurity risk assessment, incident response, awareness, penetration testing, vulnerability assessment and governance.
“The acquisition of Orange Parachute increases our revenue stream and addresses both the cybersecurity risks and talent shortage plaguing businesses today,” said Dan Kalil, vice president of AIS and chief strategy officer for GreyCastle Security.
The acquisition “also extends our customer base to additional organizations across the country,” the AIS vice president and chief strategy officer added.
GreyCastle Security, which is based in Troy and has an office in Rochester, employs nearly 60 employees and has experienced four consecutive years of triple-digit growth, according to AIS.
AIS, which has about 150 employees at its headquarters in Griffiss Business and Technology Park, acquired GreyCastle in a combination stock and cash deal last year.
The purchase lets GreyCastle accelerate growth and expand into new markets, including making more acquisitions.
Cinema presents acclaimed anime movie ‘Spirited Away’
Beatles classic on Cinema Capitol screen
Fair marks 130 years with concert
Nick Piccininni performs Friday
- 4:00pm 07/19/18Cinema presents acclaimed anime movie ‘Spirited Away’
- 4:00pm 07/19/18Beatles classic on Cinema Capitol screen
- 4:00pm 07/19/18Fair marks 130 years with concert
- 4:00pm 07/19/18Nick Piccininni performs Friday
- 4:00pm 07/19/18Drive-in Night returns to the Capitol Theatre
- 4:00pm 07/19/18Dan Brubeck Quartet performs July 26
- 4:00pm 07/19/18Unity Hall screens ‘The Allman Brothers Band: Live at the Beacon Theatre’ Tuesday
- 4:00pm 07/19/18Hamilton International Film Festival starts Monday
- 4:00pm 07/19/18Lowville Village Band performs
- 4:00pm 07/19/18Sunset Party Cruise Sunday