Booz Allen Hamilton Enters into Agreement to Acquire Morphick, Inc. Extending Booz Allen's Leadership in Advanced Cyber Defense Services
Cincinnati Company's Adaptive Technology for Cyber Threat Detection
and Response Helps Organizations Stay Ahead of Attackers;
With agreement to purchase technology firm Morphick,
Booz Allenwill acquire a new platform for managed cyber threat detection and response services that complements Booz Allen's leading cyber consulting capabilities.
Cincinnatiand employing roughly 40 professionals, Morphick is known for innovative technology that is differentiated by an adaptive approach to threat detection.
- The transaction is expected to close in the third quarter of Fiscal Year 2018, and is subject to customary closing conditions.
The acquisition further accelerates Booz Allen's
U.S.Commercial business and cyber capability, and aligns with the firm's Vision 2020 strategy for sustainable, quality growth.
According to Gartner, "enterprises are transforming their security spending strategy in 2017, moving away from prevention-only approaches to focus more on detection and response.i" Booz Allen believes that Morphick extends a key focus for the firm's consulting business—the detection and response capabilities, making them available as a 24x7 remotely delivered managed service. Further, Morphick complements Booz Allen's current managed threat intelligence service, Cyber4Sight - helping clients use their insight into adversaries to better detect and respond to attacks. Morphick will initially support the firm's commercial clients, and in the future, the capabilities will extend to support other client demands.
"The acquisition bolsters Booz Allen's growth strategy in its
Morphick, a Forrester "Vendor to Watch" in The Top Security Technology Trends to Watch, 2017, combines detection, threat hunting, incident response, and tailored threat intelligence to understand an attacker's unique strategy and then constantly morph a company's defense posture. This customized, adaptive approach to detection "detects attacks on email, networks and host systems," and deploys "curated intelligence" to assist clients in reviewing the event.ii
CEO of Morphick Brian Minick said of the announcement: "The talented teams at Booz Allen and Morphick share a common point of view: cyber defense is not a compliance only activity. This is a multi-dimensional, quickly evolving threat requiring much more than automated, one-size-fits-all services. We're pairing Morphick's leading platform and approach with Booz Allen's reach and expertise in advanced cyber defense services - a move that anticipates the client need for protection from the most advanced cyber threat actors."
Morphick, located in
The transaction is expected to close in the third quarter of Fiscal Year 2018 and is subject to customary closing conditions.
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i Gartner Press Release: Gartner Says Detection and
Response is Top Security Priority for Organizations in 2017, 14
ii Forrester: The Top Security Technology Trends To Watch, 2017 (Report)
iii Gartner: Market Guide for Managed Detection and Response Services,
Industry Analyst Relations:
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