Booz Allen Hamilton has announced that it is going to acquire cybersecurity company Morphick for an undisclosed sum. The deal will take place by this year end on a formal note and will be ending on SEC rolls by March next year.
Cincinnati based Morphick is a security firm which offers services like Managed cyber threat detection & response, endpoint detection and response, threat hunting, malware detection and security defense assessment for firms operating in and out of United States. The Ohio based business founded in 2013 is being led by Brian Minick, who once led GE’s Aviation and Energy Group as a CISO.
Booz Allen Hamilton will acquire Morphick to step into the field of managed cyber services- all a part of Information Security business. The deal is a part of Booz Allen’s effort to expand and build upon its non-governmental revenue, which is around $152.1 million for the fiscal year 2017.
Furthermore, the acquisition of Morphick will also bolster Booz Allen’s growth strategy in its US commercial business, where the focus is on expanding client’s access to scalable, on-demand managed threat services.
Remember, in 2013, Booz Allen rolled out its vision 2020 which seeks to revamp the company operations by growing its presence in technical areas such as cyber and engineering. In order to realize its vision, the company acquired laurel based Aquilent for $250 million in early months of this year. Aquilent offers digital services, DevOps & agile and cloud services exclusively to the federal government.