Aon sells cybersecurity and IP litigation consulting groups to LevelBlue

By Isha Marathe

June 11 - (The Insurer) - Managed security services provider LevelBlue has signed a definitive agreement to acquire Aon’s cybersecurity and intellectual property litigation consulting groups, including Stroz Friedberg and Elysium Digital.

The financial terms of the deal were not disclosed.

With the acquisition, LevelBlue gains a team of approximately 300 technology professionals with relationships in AmLaw 100 firms across the U.S. and firms in the UK.

Aon had acquired cybersecurity firm Stroz Friedberg in 2016.

“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."

As part of this transaction, Aon and LevelBlue will also establish a strategic relationship to offer their respective services to clients.

“Cyber remains a top risk category for our clients,” said Christian Hoffman, global specialty and 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.”

Santander is serving as financial advisor and Kirkland & Ellis is serving as legal advisor to LevelBlue. Lazard is serving as financial advisor and Latham & Watkins is serving as legal advisor to Aon.