Cincinnati Company's Adaptive Technology for Cyber Threat Detection
and Response Helps Organizations Stay Ahead of Attackers; Morphick, Inc.
is a leader in the Managed Detection and Response market
With agreement to purchase technology firm Morphick, Booz Allen will
acquire a new platform for managed cyber threat detection and response
services that complements Booz Allen's leading cyber consulting
Based in Cincinnati and 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.
MCLEAN, Va.--(BUSINESS WIRE)--
Allen Hamilton (NYSE:BAH) today announced that it has entered into
an agreement to acquire technology firm Morphick, Inc., a leader in
managed detection and response (MDR) services. The acquisition will
expand Booz Allen's managed security portfolio and strengthen the firm's
capability to help clients counter advanced cyber threats. Morphick's
technology is differentiated by an adaptive approach to threat detection
that addresses the growing challenge of highly evolved cyber threats and
determined attackers, empowering companies to protect themselves and
respond more effectively. The platform, which analyzes the motivation
and actions of attackers to thwart their attacks, assists companies in
mitigating the challenges of the shortage of skilled cyber professionals
and limitations of traditional, static defenses.
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
- 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 U.S.
Commercial business, where the focus is on expanding clients' access to
scalable, on-demand managed threat services. The addition of the
Morphick team and technology further solidifies the firm's ability to
solve increasingly advanced cyber challenges," said Horacio Rozanski,
President and Chief Executive Officer of Booz Allen. "Under our
long-term growth strategy, Vision 2020, Booz Allen has been moving
closer to the center of our clients' missions, fusing our consulting
heritage with expert capabilities in cyber, digital solutions,
engineering and analytics," he added.
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
Phelps, leader of Booz Allen's U.S. Commercial business said, "A
pioneer in detect and respond managed services for enterprises,
Morphick's technology and team expand Booz Allen's managed security
portfolio and strengthen the firm's capability around detection and
mitigation of the advanced cyber threat, thereby enabling our customers
to amplify their threat defenses against attackers who are growing in
sophistication and capabilities." Phelps added, "We're increasing the
scope of our services to answer client demand for a scalable, agile,
always watching and responding cyber capability that matches the pace of
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 Blue Ash, in suburban Cincinnati, employs roughly
40 seasoned analysts and professionals with experience protecting global
enterprises from the most advanced cyber threat actors. Morphick was
recognized by Gartner in its Market Guide for Managed Detection and
Response Services.iii In 2017, Morphick was listed
of the top 10 start-ups in Cincinnati by tech blog Geektime.
The transaction is expected to close in the third quarter of Fiscal Year
2018 and is subject to customary closing conditions.
About Booz Allen Hamilton
For more than 100 years, business, government, and military leaders have
turned to Booz Allen Hamilton to solve their most complex problems. They
trust us to bring together the right minds: those who devote themselves
to the challenge at hand, who speak with relentless candor, and who act
with courage and character. They expect original solutions where there
are no roadmaps. They rely on us because they know that—together—we will
find the answers and change the world.
We solve the most difficult management and technology problems through a
combination of consulting, analytics, digital solutions, engineering,
and cyber expertise. With global headquarters in McLean, Virginia, our
firm employs more than 23,300 people and had revenue of $5.80 billion
for the 12 months ended March 31, 2017. To learn more, visit
Gartner does not endorse any vendor, product or service depicted in its
research publications, and does not advise technology users to
select only those vendors with the highest ratings or other designation.
Gartner research publications consist of the opinions of Gartner's
research organization and should not be construed as statements of fact.
Gartner disclaims all warranties, expressed or implied, with respect to
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for a particular purpose.
i Gartner Press Release: Gartner Says Detection and
Response is Top Security Priority for Organizations in 2017, 14
March 2017, (http://www.gartner.com/newsroom/id/3638017)
Forrester: The Top Security Technology Trends To Watch, 2017 (Report)
Gartner: Market Guide for Managed Detection and Response Services,
Toby Bussa, Craig Lawson, Kelly M. Kavanagh, Sid Deshpande, 31 May 2017 (Report)
View source version on businesswire.com: http://www.businesswire.com/news/home/20171020005187/en/
Booz Allen Hamilton
Curt Riggle, 703-902-4522
Katie Sheldon Hammler, 571-228-9515
Source: Booz Allen Hamilton
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