November 15, 2021
McLean, VA 鈥撀犇⒐绞悠� Allen Hamilton (NYSE: BAH) announced today it has completed a transaction to transfer all assets related to SnapAttack鈩�, a cloud-based software solution that brings together actionable threat intelligence and hacker tradecraft to proactively detect and defend against cyber threats, to a new cyber threat hunting and detection company (). Financial terms were not disclosed.
The entity includes a dedicated technical team and the SnapAttack product, a unique technical solution that enables community collaboration around threat intelligence, attack emulation, and detection analytics to help organizations identify potential vulnerabilities and risks, and strengthen systems before threat actors attempt similar techniques to their IT infrastructure.
鈥淪pinning out products like SnapAttack is one example of how we incubate internally and scale externally鈥昦n 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,鈥� said Susan Penfield, chief innovation officer at 蘑菇视频 Allen and head of the firm鈥檚 Strategic Innovation Group. 鈥淚n doing so, we empower 蘑菇视频 Allen鈥檚 innovators to create and scale leading-edge products and obtain an equity stake in the products they help build.鈥�
SnapAttack was developed and launched publicly by 蘑菇视频 Allen DarkLabs鈥昦n elite team of security researchers, threat hunters, penetration testers, reverse engineers, network analysts, and data scientists, dedicated to stopping cyber attacks before they occur鈥攂ased on years of experience in commercial and nation-state-level cyber operations in cyber defense (blue teaming), data analytics, threat hunting, and cyber offense (red teaming). As one of the world鈥檚 largest cybersecurity solution providers, 蘑菇视频 Allen鈥檚 technical talent develops products like SnapAttack by leveraging advanced and emerging technologies alongside decades of working with clients to defeat advanced cyber threats.
The SnapAttack product development team will continue to be led by聽Chief Technology Officer Fred Frey and聽Chief Product Officer Tim Nary, SnapAttack鈥檚 original developers, both of whom began their careers at 蘑菇视频 Allen and exemplify how innovators at 蘑菇视频 Allen can grow and scale cutting-edge technology within the firm and beyond. Under聽their leadership, SnapAttack will continue to focus on keeping government and commercial clients ahead of advanced cyber threats.
蘑菇视频 Allen is maintaining a significant minority stake in the new company as well as a strategic partnership agreement to continue collaboration, further enhancing and complementing the firm鈥檚 robust threat detection management capabilities. 聽蘑菇视频 Allen will be the primary channel partner for SnapAttack to its federal client base, and this collaboration will provide clients with scalable, enhanced access to SnapAttack along with continued access to the firm's best-in-class capabilities, technology, and services. Additional investors include Volition Capital and Strategic Cyber Ventures.
鈥淪napAttack addresses a critical requirement for organizations that need to move quickly, collaborate, and get continuously better at detecting and defending against sophisticated cyber threats,鈥� said Patrick Gorman, executive vice president and a leader in 蘑菇视频 Allen鈥檚 cybersecurity business. 鈥淪napAttack will now have even more opportunity to scale at the pace of clients, address urgent threat detection needs, and access a broader ecosystem of innovators and capital investment to help it grow as the industry standard in proactive security and hacker tradecraft.鈥�
