Booz Allen Hamilton (NYSE: BAH) today announced that Cisco has completed its acquisition of SnapAttack, the cyber threat hunting and detection company spun out of Booz Allen in 2021. Booz Allen remained an investor in SnapAttack following the spinout.
Created with a vision to help clients stay ahead of new threats and fix key gaps in cybersecurity, SnapAttack was incubated and launched publicly by Booz Allen DarkLabs—an elite team of cyber operators and defenders inside Booz Allen’s industry-leading cyber business—in 2020. Building on Booz Allen’s innovative IP, advanced technology capabilities, and commercial partnerships, the launch helped position SnapAttack for accelerated growth and scale.
Booz Allen’s investment in and development of SnapAttack helped power the delivery of faster and more sophisticated cyber capabilities to clients across national security missions. The spinout included a dedicated technical team as well as a stand-alone product that enabled community collaboration around threat intelligence, attack emulation, and detection analytics to help organizations identify potential vulnerabilities and risks.
“We spun out SnapAttack because we believe in the power of dual-use technology to speed outcomes,” said Booz Allen Chief Financial Officer Matt Calderone. “When great products scale in the commercial market, their benefit expands across our government missions as well. This is an excellent outcome for all involved and we look forward to continuing to work with the SnapAttack team.”
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