Booz Allen Hamilton seeks to boost commercial cybersecurity service with new acquisition of startup
Management consulting firm Booz Allen Hamilton is acquiring Morphick, a small, Cincinnati-based cybersecurity firm which has developed a digital platform for threat detection, breach investigation and response.
Booz Allen Hamilton announced the agreement to purchase Morphick in a press release on Friday, saying the acquisition will bolster the cybersecurity profile available to clients. Company executives explained that the acquisition will complement existing cybersecurity services already provided by Booz Allen Hamilton.
“The addition of the Morphick team and technology further solidifies the firm’s ability to solve increasingly advanced cyber challenges,” said Booz Allen Hamilton President and CEO Horacio Rozanski.
The consulting giant already offers threat intelligence products through another service called Cyber4Sight.
Morphick, a firm of about 40 people, sells a managed detection and response service, which can provide “organizations with the ability to effectively detect and remediate cyber attacks of all types; ranging from zero-day exploits and privilege escalation to ransomware,” according to its website.
“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,” Bill Phelps, Booz Allen Hamilton’s head of U.S. commerical business, said in a statement.
The sale’s financial details were not disclosed.
The deal is expected to close in the the third quarter of the 2018 fiscal year. The acquisition will begin with Morphick supporting Booz Allen Hamilton’s commercial clients before expanding its role to other, new contracts.