GreyCastle Security Acquires Orange Parachute, Expands Footprint and Services

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GreyCastle Security, the industry’s leading cybersecurity risk assessment, advisory and mitigation provider, has acquired information security management consulting firm Orange Parachute.

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GreyCastle Security is a cybersecurity consulting firm focused on risk management, awareness and operational security. The company was established to counter rapidly evolving cybersecurity threats and

Our strategic partnership with Orange Parachute positions GreyCastle Security as the leading cybersecurity firm in the U.S. and the only one that addresses both cybersecurity risks and the overwhelming talent shortage plaguing businesses today.

GreyCastle Security, the industry’s leading cybersecurity risk assessment, advisory and mitigation provider, has acquired information security management consulting firm Orange Parachute. Terms of the deal were not disclosed.

Orange Parachute, based in Minneapolis, Minnesota, was founded in 2002 and has specialized in helping companies establish efficient, effective and sustainable information security and compliance programs, providing the power of informed choice to their clients across the U.S.

As the leading ISO 27001 and Information Security Management Systems (ISMS) consulting firm in the U.S., Orange Parachute adds a suite of information and security and compliance services to GreyCastle Security’s already comprehensive service catalog, including cybersecurity risk assessment, incident response, awareness, penetration testing, vulnerability assessment and governance.

“Our strategic partnership with Orange Parachute positions GreyCastle Security as the leading cybersecurity firm in the U.S. and the only one that addresses both cybersecurity risks and the overwhelming talent shortage plaguing businesses today,” said GreyCastle Security CEO Reg Harnish. “Together, we will continue to transform how businesses manage their risks, protect their assets and position themselves for success in an ever-evolving environment.”

As part of the acquisition, Orange Parachute founder Travis Hyde will assume the role of chief operating officer (COO) at GreyCastle Security, joining a highly talented executive team that includes GreyCastle co-founders Harnish and Mike Stamas. As COO, Hyde will work with all GreyCastle Security employees to share and execute the company’s vision and mission.

“From the moment I first spoke with GreyCastle Security’s CEO Reg Harnish and CSO Dan Kalil, I could tell that we shared a passion for building a globally recognized cybersecurity brand comprised of world-class people, both at work and on the street," said Hyde. "GreyCastle Security’s commitment to building the best culture in the business, driven by people who could exercise core values like humble confidence and transparency, aligned perfectly with our mission at Orange Parachute.”

GreyCastle Security employs nearly 60 employees, including former CISOs, ISOs, security specialists and operators, who understand the intricacies of cybersecurity from the inside out.

The Troy, New York-based firm has experienced four consecutive years of triple-digit growth, and is currently working with organizations in nearly every state in the United States, including Fortune 5000 and Global 100 organizations. In addition to making this year’s Inc. 5000 list of fastest growing companies, GreyCastle Security also improved its position on the Cybersecurity 500 list and earned the 2015 Technology Innovation Award from the Center for Economic Growth.

The award-winning firm has also been featured in TIME, CNBC, The Washington Post, CBS Nightly News and Forbes, and its CEO, Reg Harnish, was named North America’s Cybersecurity Consultant of the Year by the Cybersecurity Excellence Awards.

About GreyCastle Security
GreyCastle Security is the industry’s leading provider of cybersecurity risk assessment, advisory and mitigation services. The company was established to help organizations establish effective cybersecurity programs, minimize the impact of security incidents and simplify compliance. GreyCastle Security has clients throughout North America, specializing in cybersecurity for healthcare, higher education, financial services, technology and critical infrastructure.

GreyCastle Security's revolutionary approach to service delivery completely eliminates an organization's need to recruit and retain new cybersecurity personnel. Our award-winning cybersecurity programs are delivered continuously and managed proactively by certified experts, including risk assessment, awareness, vulnerability assessment, penetration testing and incident response.

GreyCastle Security is a subsidiary of Assured Information Security (AIS). For additional information regarding AIS, please visit http://www.ainfosec.com.

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