LevelBlue has signed a definitive agreement to acquire Trustwave, a global
provider of cybersecurity and managed detection and response (MDR)
services from the MC2 Security Fund (MC2), a private
equity fund sponsored by The Chertoff Group, an internationally recognized
security and growth advisory firm. This strategic acquisition complements LevelBlue's recent
agreement to acquire Aon's cybersecurity consulting business,
formerly known as Stroz Friedberg, and further strengthens the company's market
leadership, uniting two leading Managed Security Service Providers (MSSPs) to
deliver unparalleled cybersecurity outcomes through a comprehensive and
expanded suite of services designed to stay ahead of the rapidly evolving
threat landscape. The acquisition will create the largest pure-play MSSP in the
industry.
The acquisition will integrate LevelBlue's
extensive expertise in strategic risk management and cybersecurity
infrastructure with Trustwave's Fusion Platform and cloud-native MDR service
that provides 24/7 cybersecurity protection for organizations worldwide. The
merged capabilities provide enterprises with unprecedented visibility and
control over how security resources are provisioned, monitored, and managed
across any environment, strengthening overall cyber resilience. The combined
portfolios will also establish a strategically unified cybersecurity managed
defense platform, supported by LevelBlue's AI threat detection platform and
elite SpiderLab's threat research and intelligence capabilities, safeguarding
critical assets across cloud, hybrid, and on-premises environments.
Earlier this year, Trustwave became the first
pure-play MDR service provider to attain full authorized status by the Federal
Risk and Authorization Management Program (FedRAMP). This prestigious
achievement, along with Trustwave's StateRAMP authorization, positions
LevelBlue to meet the Department of Defense's stringent "US eyes only"
requirement for the Defense Industrial Base and Cybersecurity Maturity Model
Certification (CMMC) for MDR services across federal, state, and local
government markets.
"The acquisition of Trustwave represents a
pivotal moment for LevelBlue and the cybersecurity industry," said Robert
McCullen, Chairman and CEO of LevelBlue. "Trustwave's extensive expertise in
managed detection and response services, combined with its unparalleled threat
intelligence from SpiderLabs and mission-critical FedRAMP and StateRAMP
authorizations, perfectly aligns with our vision to deliver simplified and
powerful cybersecurity protection to organizations. This strategic move
reflects our commitment to delivering better cybersecurity outcomes to our
customers and enhances our global go-to-market capabilities, as well as in the
U.S. federal, state, and local government markets."
"We're thrilled to partner with
LevelBlue to drive our next phase of growth and unlock even greater cyber value
for our clients," said Trustwave CEO Eric Harmon. "The threat landscape
continues to evolve at an increasingly rapid pace. This announcement reinforces
Trustwave's market leadership, and together with LevelBlue, positions us to
further strengthen our combined leadership position, bolster our offensive and
defensive security portfolio, and drive additional innovation to further
safeguard and fortify our clients against disruptive and damaging cyber
threats.".
Based in Chicago, IL with worldwide
operations, Trustwave is comprised of more than 1,000 security-focused professionals
and is an analyst-recognized leader in managed detection and response, managed
security services, cybersecurity advisory services, penetration testing,
database security, and email security. The elite Trustwave SpiderLabs team
delivers industry-leading threat research, intelligence, and threat hunting,
all of which are integrated into Trustwave's services and products to enhance
cyber resilience in an era of unavoidable cyberattacks.
"Two longtime leaders in MSS and MDR coming
together signals market maturation and industry consolidation, but also a
powerhouse opportunity," said Christina Richmond, Principal Analyst at Richmond
Advisory Group. "Trustwave's SpiderLabs team and Fusion platform integrated
with LevelBlue's threat intelligence and machine learning capabilities, backed
by the Open Threat Exchange (OTX), will enhance threat detection and response
on a cloud-based platform. Add in the recently announced acquisition of Aon's
Cybersecurity and Intellectual Property Litigation consulting groups, and the
potential for a full-service global cybersecurity and risk management firm is
apparent."
"Joining forces with LevelBlue marks
an exciting new chapter for Trustwave and our clients," said Chad Sweet,
Chairman of Trustwave and Co-Founder of The Chertoff Group / MC2.
"The combination of LevelBlue's AI threat detection and Trustwave's FedRAMP and
StateRAMP authorized Fusion Intelligent Security Operations Platform enables
leading-edge cybersecurity protection for enterprises and government
clients."
This acquisition is a critical part of
LevelBlue's broader strategy to merge the best organizations with its
capabilities, providing superior outcomes for clients. This portfolio
consolidation is strategically designed to address the increasing demand for
more comprehensive and integrated managed cybersecurity solutions, which
positions LevelBlue to become the largest independent, pure-play MSSP globally.
"FedRAMP and StateRAMP certified managed detection and
response capabilities are an exciting expansion to LevelBlue's managed security
services," added Shawn Hakl, Head of AT&T Business Products. "This business
combination positions LevelBlue as a strategic provider of cybersecurity
services in AT&T's portfolio, especially to our valued federal
customers."