Author: Naomi Cooper|| Date Published: November 16, 2021
Booz Allen Hamilton (NYSE: BAH) has separated its cloud-based cybersecurity product development unit into an independent entity that aims to help customers secure information technology assets.
Booz Allen said Monday it will retain a minority interest in SnapAttack and serve as the primary channel partner for the standalone company’s federal clients.
Volition Capital and Strategic Cyber Ventures also back SnapAttack.
“Spinning out products like SnapAttack is one example of how we incubate internally and scale externally―an approach that allows us to focus on our strength of developing leading technology, then carefully identifying the best opportunities in the market for its long-term growth,” said Susan Penfield, executive vice president and chief innovation officer at Booz Allen and a three-time Wash100 awardee.
SnapAttack developers Fred Frey and Tim Nary will continue to lead the new company’s development efforts as chief technology officer and chief product officer, respectively.
The Booz Allen DarkLabs organization introduced the cybersecurity platform in October 2020 to consolidate threat intelligence, incident detection and response and risk mitigation processes into a single offering.
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