OCTOBER 19, 2016
GreyCastle Security, LLC and Assured Information Security, Inc. (AIS) today announced that they have entered into a definitive agreement in which Assured Information Security will acquire the assets of GreyCastle Security for a combination of stock and cash. GreyCastle Security provides risk management, awareness and incident response services to clients through the United States and is one of the fastest growing cybersecurity consulting firms in the country. Headquartered in Rome, NY, AIS is a cybersecurity firm dedicated to the research and development of classified cyberwar technologies for the United States military and Federal agencies.
GreyCastle Security co-founder Reg Harnish will continue to serve as the new company’s CEO, AIS’ Mike Denz will serve as GreyCastle’s CFO, while Dan Kalil, also of AIS, will serve as the company’s Chief Strategy Officer (CSO) and Chairman of the Board. GreyCastle Security will continue to operate independently, retaining its distinct brand and operations.
“GreyCastle Security was purpose-built to address today’s complex cybersecurity challenges. Our success largely comes from our focus on managing risks, addressing the people problem and effective response to breaches and other incidents,” said Reg Harnish, CEO of GreyCastle Security.
“AIS will provide us with capital, people and infrastructure that will dramatically accelerate our growth, recruiting and expansion into new markets. We expect to make several acquisitions in 2017, this partnership will help fuel those transactions and allow us to do what we do best: provide our clients the very best cybersecurity services,” added Harnish.
Founded in 2011 by an experienced team of CISOs, ISOs, security specialists and operators, GreyCastle Security focuses on managing risks in people, processes and technology. The company provides cybersecurity services to healthcare, higher education, retail and critical infrastructure entities in 45 states and has experienced 1900% growth over the past 5 years.
“GreyCastle is a company with a very strong upside, and it starts with their people and processes,” said Dan Kalil, GreyCastle’s new Chief Strategy Officer (CSO) and Chairman of the Board. “Seeing how efficiently they operate, our focus is on manageable growth, and increasing the overall value of the organization.”
The leaders from both companies note that the synergies between GreyCastle and AIS will allow for expansion into new industries, positioning the newly merged company for even greater success in the marketplace.
OCTOBER 19, 2016