Booz Allen Hamilton's SnapAttack Acquisition by Cisco Boosts Cybersecurity
Booz Allen Hamilton's SnapAttack Acquisition by Cisco Boosts Cybersecurity
Today, Booz Allen Hamilton (NYSE: BAH) announced that Cisco has successfully completed its acquisition of SnapAttack, a distinguished company specializing in cyber threat hunting and detection. This move marks a significant milestone for Booz Allen, which originally spun SnapAttack out as a stand-alone entity in 2021.
The Vision Behind SnapAttack
SnapAttack was established with a clear mission: to equip clients with the tools needed to combat emerging threats and address critical cybersecurity gaps. The company was incubated by Booz Allen DarkLabs—an elite unit of cyber protectors within Booz Allen. Launched in 2020, SnapAttack leveraged Booz Allen's intellectual property and advanced technology capabilities to foster a robust growth trajectory.
Accelerated Growth and Community Collaboration
The strategic investment and development by Booz Allen in SnapAttack have been pivotal in enhancing the delivery of advanced cyber capabilities for clients linked to national security missions. SnapAttack not only represented a technological asset but also featured a dedicated team that facilitated community engagement around threat intelligence and detection analytics. This collaborative approach significantly aids organizations in identifying potential vulnerabilities and risks.
An Excellent Outcome for All Stakeholders
Commenting on the acquisition, Booz Allen Chief Financial Officer Matt Calderone said, "We spun out SnapAttack because we believe in the power of dual-use technology to speed outcomes. When great products scale in the commercial market, their benefits resonate with our government missions as well. This is an excellent outcome for all involved, and we are excited to continue collaborating with the SnapAttack team." This acquisition exemplifies how commercial advancements can bolster national interests.
Benefits for National Security Missions
The integration of SnapAttack into Cisco's portfolio is anticipated to deliver significant enhancements in cybersecurity for defense operations. Booz Allen's foundational support has ensured that SnapAttack presents cutting-edge tools for organizations grappling with ever-evolving cyber threats.
About Booz Allen Hamilton
Booz Allen Hamilton stands out as a premier advanced technology firm focused on providing rapid solutions for America’s pressing defense, civil, and national security priorities. Through innovation in AI, cybersecurity, and leading-edge technology applications, the company aims to advance and protect the nation and its citizens. Booz Allen emphasizes outcome-oriented strategies, empowering its personnel and clients to achieve success.
Company Size and Financial Performance
With its global headquarters located in McLean, Virginia, Booz Allen employs approximately 35,900 individuals worldwide. As of March 31, 2024, the company reported impressive revenue of $10.7 billion, reflecting its growth in recent years. Booz Allen continues to reinforce its commitment to serving national interests while pushing the boundaries of technological advancement.
Frequently Asked Questions
What is the significance of Cisco's acquisition of SnapAttack?
The acquisition enhances Cisco's cybersecurity capabilities, enabling them to combat emerging cyber threats more effectively.
How does Booz Allen Hamilton support SnapAttack?
Booz Allen has invested in SnapAttack, providing resources and expertise to ensure its growth and capability development in the cyber threat domain.
What is Booz Allen DarkLabs?
Booz Allen DarkLabs is a specialized team within Booz Allen dedicated to addressing complex cybersecurity challenges through innovation and expertise.
How does SnapAttack contribute to national security?
SnapAttack provides tools for threat detection and intelligence sharing, which are crucial for identifying vulnerabilities in national security missions.
What is Booz Allen Hamilton's commitment to technology?
Booz Allen Hamilton is committed to leveraging advanced technologies such as AI and cybersecurity to drive innovation and security for defense and civilian projects.
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