Latest news with #StrozFriedberg
Techday NZ
2 days ago
- Business
- Techday NZ
LevelBlue to acquire Aon's cyber consulting teams in global deal
LevelBlue has reached a definitive agreement to acquire Aon's Cybersecurity and Intellectual Property Litigation consulting groups, including the well-established Stroz Friedberg and Elysium Digital teams. This transaction will see more than 300 technology professionals join LevelBlue, bolstering its cyber risk and incident response capabilities on a global scale. These teams currently provide services to Fortune 500 companies, 80% of the Am Law 100, and most of the top 20 UK law firms. The acquisition positions LevelBlue as the largest independent pure play Managed Security Services Provider (MSSP) worldwide. Consulting capabilities The addition of Aon's Cybersecurity and IP Litigation consulting groups brings specialised expertise in cybersecurity risk management and technology-related intellectual property litigation to LevelBlue's existing operations. These capabilities will now complement LevelBlue's 24/7 managed detection and response services, creating a broader offering that spans pre-emptive protection, digital risk management, and comprehensive incident response. "Cyber resilience is crucial for organisations of all sizes," said Robert McCullen, Chairman and Chief Executive Officer of LevelBlue. "By combining LevelBlue's exceptional cloud-based, AI-driven managed detection and response platform with Stroz Friedberg's proactive cyber consulting and advanced digital forensic and incident response capabilities, we're introducing the industry's most comprehensive unified cybersecurity services platform. This platform will not only strengthen clients' defenses preemptively, but also empower them with deeper insights and faster incident resolution. Together, we're helping organisations stay ahead of emerging threats and recover with greater speed and confidence." David Yaches, Chief Executive Officer of Cyber Solutions Security Consulting at Aon, commented on the agreement: "We are thrilled to join forces with LevelBlue. Our teams are aligned in mission and values, and this acquisition will allow us to serve clients with an expanded suite of cyber solutions and deeper technical expertise." Maintaining core services Aon will continue to provide cyber brokerage services via its Cyber Solutions group, CyQu platform, and Cyber Risk Analyzer, focusing on serving a wide range of client risk and broking needs globally. The company's Cybersecurity consulting segment has been recognised in the 2024 Forrester Wave for Cybersecurity Incident Response Services, particularly for its coverage of adversary simulation, penetration testing, incident response planning, breach response, and digital forensics. "The incredible cybersecurity readiness and response capabilities of Aon's Cybersecurity consulting group, including the esteemed heritage of the Stroz Friedberg legacy, brings highly valued expertise to LevelBlue," said Mike Troiano, LevelBlue Board Member and Head of AT&T Business Products. "We expect this acquisition to significantly enhance the strategic cybersecurity services delivered globally by LevelBlue to AT&T's government and enterprise customers." LevelBlue and Aon will also establish a strategic collaboration as part of the agreement, allowing both companies to offer combined and complementary services to their respective clients. This partnership is intended to provide holistic cybersecurity support, integrating managed services and consulting expertise to address the evolving cyber threat landscape. Christian Hoffman, Global Specialty and Financial Products Leader at Aon, added: "Cyber remains a top risk category for our clients. Aon will continue to deliver leading cyber brokerage capabilities through our Cyber Solutions group, CyQu platform and Cyber Risk Analyzer to serve our clients growing cyber broking needs." The consulting teams from Aon are known for assisting clients with strengthening their operational readiness, protecting digital assets, and reducing the impact of cyber incidents, using a mix of technical know-how and established methodologies. Their track record has made them a choice partner for organisations looking to accelerate recovery in the event of a cyber event. Market perspective Christina Richmond, Principal Analyst at Richmond Advisory Group, shared her view on the acquisition: "This is a highly strategic acquisition for the cybersecurity services market. LevelBlue will strengthen its position at the intersection of managed security and cyber consulting services. By acquiring leading cybersecurity and IP litigation consulting capabilities, the combined organisation is now better positioned to proactively enhance organisational resilience. The strategic relationship with Aon bolsters LevelBlue's posture with cyber insurers and adds highly complementary risk analysis and advisory services." Santander is acting as financial advisor and Kirkland & Ellis as legal advisor to LevelBlue, while Lazard and Latham & Watkins are advising Aon for this transaction. Financial terms have not been disclosed, and the deal remains subject to standard closing conditions.
Business Wire
2 days ago
- Business
- Business Wire
LevelBlue Agrees to Acquire Aon's Cybersecurity & IP Litigation Consulting Groups
DALLAS & DUBLIN--(BUSINESS WIRE)-- LevelBlue, a global leader in cloud-based, AI-driven managed security services, has signed a definitive agreement to acquire Aon's Cybersecurity and Intellectual Property (IP) Litigation consulting groups, which include recognized cybersecurity firm Stroz Friedberg, and Elysium Digital, which is renowned for technology-related IP litigation matters. This acquisition represents a significant step in LevelBlue's growth strategy by adding deep cyber and high-tech IP litigation consulting expertise and world-class incident response capabilities to its expanding global portfolio. Financial terms were not disclosed and the acquisition is subject to customary closing conditions. With this acquisition, LevelBlue gains a globally recognized cyber and IP litigation consulting platform that includes a team of approximately 300 technology professionals with strong relationships across Fortune 500 enterprises, 80 percent of the Am Law 100 and a majority of Top 20 law firms in the UK. The integration of consulting solutions complements LevelBlue's 24/7 managed detection and response services, creating a comprehensive cybersecurity risk management offering that addresses both digital risk protection and incident response, positioning LevelBlue to become the largest independent pureplay Managed Security Services Provider (MSSP) globally. 'Cyber resilience is crucial for organizations of all sizes," said Robert McCullen, Chairman and CEO of LevelBlue. "By combining LevelBlue's exceptional cloud-based, AI-driven managed detection and response platform with Stroz Friedberg's proactive cyber consulting and advanced digital forensic and incident response capabilities, we're introducing the industry's most comprehensive unified cybersecurity services platform. This platform will not only strengthen clients' defenses preemptively, but also empower them with deeper insights and faster incident resolution. Together, we're helping organizations stay ahead of emerging threats and recover with greater speed and confidence.' 'We are thrilled to join forces with LevelBlue,' said David Yaches, CEO of Cyber Solutions Security Consulting at Aon. 'Our teams are aligned in mission and values, and this acquisition will allow us to serve clients with an expanded suite of cyber solutions and deeper technical expertise.' Aon's Cybersecurity consulting group is also recognized as a clear leader in the 2024 Forrester Wave™ for Cybersecurity Incident Response Services by providing organizations with a comprehensive range of cyber resilience services designed to help them prepare for, withstand and recover from cyber incidents. Its cybersecurity risk management portfolio covers adversary simulation, penetration testing, incident response planning, real-time breach response, and digital forensics. With deep technical expertise and proven methodologies, Aon's Cybersecurity and IP Litigation consulting groups assist clients in strengthening their operational readiness, protecting their critical digital assets, and minimizing the impact of cyber events and accelerating recovery times. 'The incredible cybersecurity readiness and response capabilities of Aon's Cybersecurity consulting group, including the esteemed heritage of the Stroz Friedberg legacy, brings highly valued expertise to LevelBlue,' said Mike Troiano, LevelBlue Board Member and Head of AT&T Business Products. 'We expect this acquisition to significantly enhance the strategic cybersecurity services delivered globally by LevelBlue to AT&T's government and enterprise customers.' As part of this transaction, Aon and LevelBlue will also establish a strategic relationship to collaboratively offer their respective services to clients in a holistic manner. This acquisition underscores LevelBlue's commitment to simplifying cybersecurity through award-winning managed services, strategic consulting, real-time threat intelligence and industry-renowned research, seamlessly integrated with its global operations and operational expertise to deliver solutions that help organizations of all sizes achieve their unique cybersecurity outcomes. 'Cyber remains a top risk category for our clients,' said Christian Hoffman, Global Specialty & Financial Products Leader at Aon. 'Aon will continue to deliver leading cyber brokerage capabilities through our Cyber Solutions group, CyQu platform and Cyber Risk Analyzer to serve our clients growing cyber broking needs.' According to Christina Richmond, Principal Analyst at Richmond Advisory Group, 'This is a highly strategic acquisition for the cybersecurity services market. LevelBlue will strengthen its position at the intersection of managed security and cyber consulting services. By acquiring leading cybersecurity and IP litigation consulting capabilities, the combined organization is now better positioned to proactively enhance organizational resilience. The strategic relationship with Aon bolsters LevelBlue's posture with cyber insurers and adds highly complementary risk analysis and advisory services.' Santander is serving as financial advisor and Kirkland & Ellis LLP is serving as legal advisor to LevelBlue. Lazard is serving as financial advisor and Latham & Watkins LLP is serving as legal advisor to Aon. About LevelBlue We simplify cybersecurity through award-winning managed services, experienced strategic consulting, threat intelligence, and renowned research. Our team is a seamless extension of yours, providing transparency and visibility into security posture and continuously working to strengthen it. We harness security data from numerous sources and enrich it with artificial intelligence to deliver real-time threat intelligence; this enables more accurate and precise decision making. With a large, always-on global presence, LevelBlue sets the standard for cybersecurity today and tomorrow. We easily and effectively manage risk, so you can focus on your business. About Aon Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon's newsroom and sign up for news alerts here.
National Post
2 days ago
- Business
- National Post
LevelBlue Agrees to Acquire Aon's Cybersecurity & IP Litigation Consulting Groups
Article content − The Cybersecurity and Intellectual Property Litigation consulting solutions, Stroz Friedberg and Elysium Digital, bolster and expand LevelBlue's Global Cyber Risk and Incident Response Capabilities − Aon will continue to deliver leading cyber brokerage capabilities through the firm's Cyber Solutions group, CyQu platform and Cyber Risk Analyzer to serve clients' growing cyber broking needs DALLAS & DUBLIN — LevelBlue, a global leader in cloud-based, AI-driven managed security services, has signed a definitive agreement to acquire Aon's Cybersecurity and Intellectual Property (IP) Litigation consulting groups, which include recognized cybersecurity firm Stroz Friedberg, and Elysium Digital, which is renowned for technology-related IP litigation matters. This acquisition represents a significant step in LevelBlue's growth strategy by adding deep cyber and high-tech IP litigation consulting expertise and world-class incident response capabilities to its expanding global portfolio. Financial terms were not disclosed and the acquisition is subject to customary closing conditions. Article content With this acquisition, LevelBlue gains a globally recognized cyber and IP litigation consulting platform that includes a team of approximately 300 technology professionals with strong relationships across Fortune 500 enterprises, 80 percent of the Am Law 100 and a majority of Top 20 law firms in the UK. The integration of consulting solutions complements LevelBlue's 24/7 managed detection and response services, creating a comprehensive cybersecurity risk management offering that addresses both digital risk protection and incident response, positioning LevelBlue to become the largest independent pureplay Managed Security Services Provider (MSSP) globally. Article content 'Cyber resilience is crucial for organizations of all sizes,' said Robert McCullen, Chairman and CEO of LevelBlue. 'By combining LevelBlue's exceptional cloud-based, AI-driven managed detection and response platform with Stroz Friedberg's proactive cyber consulting and advanced digital forensic and incident response capabilities, we're introducing the industry's most comprehensive unified cybersecurity services platform. This platform will not only strengthen clients' defenses preemptively, but also empower them with deeper insights and faster incident resolution. Together, we're helping organizations stay ahead of emerging threats and recover with greater speed and confidence.' Article content 'We are thrilled to join forces with LevelBlue,' said David Yaches, CEO of Cyber Solutions Security Consulting at Aon. 'Our teams are aligned in mission and values, and this acquisition will allow us to serve clients with an expanded suite of cyber solutions and deeper technical expertise.' Article content Aon's Cybersecurity consulting group is also recognized as a clear leader in the 2024 Forrester Wave™ for Cybersecurity Incident Response Services by providing organizations with a comprehensive range of cyber resilience services designed to help them prepare for, withstand and recover from cyber incidents. Its cybersecurity risk management portfolio covers adversary simulation, penetration testing, incident response planning, real-time breach response, and digital forensics. With deep technical expertise and proven methodologies, Aon's Cybersecurity and IP Litigation consulting groups assist clients in strengthening their operational readiness, protecting their critical digital assets, and minimizing the impact of cyber events and accelerating recovery times. Article content 'The incredible cybersecurity readiness and response capabilities of Aon's Cybersecurity consulting group, including the esteemed heritage of the Stroz Friedberg legacy, brings highly valued expertise to LevelBlue,' said Mike Troiano, LevelBlue Board Member and Head of AT&T Business Products. 'We expect this acquisition to significantly enhance the strategic cybersecurity services delivered globally by LevelBlue to AT&T's government and enterprise customers.' Article content As part of this transaction, Aon and LevelBlue will also establish a strategic relationship to collaboratively offer their respective services to clients in a holistic manner. This acquisition underscores LevelBlue's commitment to simplifying cybersecurity through award-winning managed services, strategic consulting, real-time threat intelligence and industry-renowned research, seamlessly integrated with its global operations and operational expertise to deliver solutions that help organizations of all sizes achieve their unique cybersecurity outcomes. Article content 'Cyber remains a top risk category for our clients,' said Christian Hoffman, Global Specialty & Financial Products Leader at Aon. 'Aon will continue to deliver leading cyber brokerage capabilities through our Cyber Solutions group, CyQu platform and Cyber Risk Analyzer to serve our clients growing cyber broking needs.' Article content According to Christina Richmond, Principal Analyst at Richmond Advisory Group, 'This is a highly strategic acquisition for the cybersecurity services market. LevelBlue will strengthen its position at the intersection of managed security and cyber consulting services. By acquiring leading cybersecurity and IP litigation consulting capabilities, the combined organization is now better positioned to proactively enhance organizational resilience. The strategic relationship with Aon bolsters LevelBlue's posture with cyber insurers and adds highly complementary risk analysis and advisory services.' Article content Santander is serving as financial advisor and Kirkland & Ellis LLP is serving as legal advisor to LevelBlue. Lazard is serving as financial advisor and Latham & Watkins LLP is serving as legal advisor to Aon. Article content About LevelBlue Article content We simplify cybersecurity through award-winning managed services, experienced strategic consulting, threat intelligence, and renowned research. Our team is a seamless extension of yours, providing transparency and visibility into security posture and continuously working to strengthen it. Article content We harness security data from numerous sources and enrich it with artificial intelligence to deliver real-time threat intelligence; this enables more accurate and precise decision making. With a large, always-on global presence, LevelBlue sets the standard for cybersecurity today and tomorrow. We easily and effectively manage risk, so you can focus on your business. Article content About Aon Article content Aon plc Article content (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. Article content Article content Article content Article content Article content Contacts Article content Media Contact: LevelBlue Media Contact Jessica Bettencourt Inkhouse for LevelBlue levelblue@ (774) 451-5142 Article content Aon Media Contact Article content Article content Will Dunn Article content Article content Article content
