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Booz Allen Tech Spinout Acquired by Cisco

1. Cisco acquired SnapAttack, a Booz Allen spinout, enhancing cybersecurity services. 2. SnapAttack, incubated by Booz Allen, aimed to boost threat detection capabilities. 3. Booz Allen's investment in SnapAttack supports national security project solutions. 4. The acquisition may lead to improved offerings for Booz Allen clients.

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FAQ

Why Bullish?

The acquisition enhances Booz Allen's cybersecurity capabilities, potentially increasing client demand.

How important is it?

The article details a strategic acquisition impacting Booz Allen's market position and future growth.

Why Long Term?

Strategic tech investments usually yield sustainable growth over time, similar to past acquisitions.

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CSCOBAH
MCLEAN, Va.--(BUSINESS WIRE)--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.” BAHPR-CO About Booz Allen Hamilton Booz Allen is an advanced technology company delivering outcomes with speed for America’s most critical defense, civil, and national security priorities. We build technology solutions using AI, cyber, and other cutting-edge technologies to advance and protect the nation and its citizens. By focusing on outcomes, we enable our people, clients, and their missions to succeed—accelerating the nation to realize our purpose: Empower People to Change the World ®. With global headquarters in McLean, Virginia, our firm employs approximately 35,900 people globally as of December 31, 2024, and had revenue of $10.7 billion for the 12 months ended March 31, 2024. To learn more, visit www.boozallen.com. (NYSE: BAH)

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