- A federal judge in Maryland refused to stop it Booz Allen Hamilton Holding Corp BAH Acquired a rival cybersecurity company EverWatch and scored a victory against the Justice Department.
- The judge ordered both sides to report on the next steps of the case.
- Booz Allen in March acquired EverWatch, a company it had competed with for a five-year deal to support the National Security Agency’s foreign communications collection mission, the Wall Street Journal reported.
- The DOJ filed charges in June, alleging that the acquisition would inflate prices for the US government and create a monopoly provider of critical national security Services.
- Booz Allen is a government contractor providing management and technology consulting services. EverWatch builds systems to protect against national cyber threats.
- Booz Allen said at the time the DOJ filed its lawsuit in June that authorities were wrong about the deal, which the company said would benefit its government customers.
- Cybersecurity stocks became increasingly important as companies became the target of attacks The world has moved online. It also became a deadly weapon to win wars.
- In September, microsoft corp MSFT Security chief Charlie Bell stressed the importance of machine learning algorithm innovation for better cybersecurity solutions.
- Price promotion: BAH shares closed down 0.24% at $96.49 on Tuesday.
- Photo by Capri23auto from Pixabay
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