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Cybersecurity firm to move headquarters from Florida to Grand Rapids | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware


GRAND RAPIDS, MI — Prescott, a cybersecurity compliance firm that’s based in Florida and was co-founded by an Ada resident, plans to open an office in Grand Rapids at 2301 E. Paris Avenue SE.

Prescott, founded in 2021 and currently based in Sarasota, Florida, may move into the office before the end of the year, said Jen Wangler, vice president of technology at The Right Place, a regional economic development group based in Grand Rapids that’s assisting the company with the move.

“Prescott’s decision to relocate their HQ to the Greater Grand Rapids region is a strong testament to our area’s incredible tech ecosystem,” she said in a statement. “We look forward to seeing the future partnerships and projects that come from their move.”

Prescott was founded by Ryan Bonner and Chad Paalman, of Ada. The firm provides data privacy compliance support services to organizations that work with the U.S. Department of Defense.

Paalman was not available for an interview Friday, Aug. 11.

Wangler said the most recent figures she has indicate the company has about 12 employees, though that number may have since changed, she noted. Wangler said she didn’t know where the employees were based and whether any, other Paalman, reside in the Grand Rapids area.

A news release from The Right Place says Prescott credits its decision to open a Grand Rapids office to the relationships its built with other technology firms in the area. Paalman is a member of The Right Place’s Technology Council of West Michigan and had built connections with other businesses in the area, Wangler said.

“What we did, from The Right Place’s perspective, is provided an opportunity for them to come together and build partnerships that aligned and complemented the business they are doing,” Wangler said. “As those partnerships grew, so did their business presence in Michigan with potential clients and vendors.”

Moving forward, the company plans to hire additional consultants and build out its executive leadership and management team in Grand Rapids, The Right Place said in a news release. In an email, Paalman said his company plans to hire about 20 new consultants. He did not provide a timeline for when those hires are expected to occur.

“We are incredibly excited to be expanding our operations here in Grand Rapids,” Paalman said in a statement. “The strong relationships we’ve made with the tech community of this region ultimately led us to our decision to expand here. We look forward to continuing to provide top-notch compliance consulting services to our clients.”

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