LevelBlue, a global leader in cloud-based, AI-driven managed security services, has agreed to acquire Trustwave, a worldwide provider of cybersecurity and managed detection and response (MDR) services, from the MC2 Security Fund, a private equity fund sponsored by The Chertoff Group.
The acquisition is designed to strengthen LevelBlue’s position in the market by creating the largest independent, pure-play managed security services provider (MSSP) globally. Financial details were not disclosed, but the deal complements LevelBlue’s recent agreement to acquire Aon’s cybersecurity consulting business, aligning with its strategy to build a comprehensive, integrated managed security portfolio.
LevelBlue focuses on delivering AI-powered managed security and strategic risk management to organisations worldwide, while Trustwave, based in Chicago, offers cybersecurity services including MDR, penetration testing, database security, and email security. Trustwave also operates SpiderLabs, a renowned threat research and intelligence unit, enhancing its service offerings with advanced threat detection and response capabilities.
This acquisition will combine LevelBlue’s AI-driven cybersecurity infrastructure with Trustwave’s cloud-native Fusion Platform, providing 24/7 security monitoring and protection. The merger aims to deliver advanced visibility and control across cloud, hybrid, and on-premises environments, ensuring clients can manage and monitor security resources effectively in the face of an evolving threat landscape.
Earlier this year, Trustwave became the first pure-play MDR provider to achieve full authorised status under FedRAMP, alongside StateRAMP authorisation, enabling it to serve U.S. federal, state, and local government clients, including meeting Department of Defense requirements under CMMC.
Santander is acting as financial advisor to LevelBlue, with Kirkland & Ellis LLP providing legal advice. Trustwave is supported by Guggenheim Securities as financial advisor and Pillsbury Winthrop Shaw Pittman as legal advisor. The Chertoff Group will continue to provide strategic insight to accelerate growth within the MDR market following the acquisition.
LevelBlue CEO Robert McCullen said, “The acquisition of Trustwave represents a pivotal moment for LevelBlue and the cybersecurity industry. Trustwave’s extensive expertise in managed detection and response services, combined with its unparalleled threat intelligence from SpiderLabs and mission-critical FedRAMP and StateRAMP authorisations, perfectly aligns with our vision to deliver simplified and powerful cybersecurity protection to organisations. 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.”
Trustwave CEO Eric Harmon said, “We’re thrilled to partner with LevelBlue to drive our next phase of growth and unlock even greater cyber value for our clients. 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.”
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