Boston, MA 05/14/2014 (wallstreetpr) – Booz Allen Hamilton Holding Corporation (NYSE:BAH) created Strategic Innovation Group (NYSE:SIG) in April, 2013 with the initial investment of $40 million. The firm developed SIG to address the new growth opportunities while focusing on next generation capabilities and services offerings. It helps to expand across federal and commercial markets that allow partnerships with innovators to deliver unique solutions.
Booz Allen Hamilton Holding Corporation (NYSE:BAH) has strong relationships with U.S. government clients that primarily support various functions of civil, defense, and intelligence agencies. It helps the government in fraud detection and protects the U.S. war fighters through signal jamming technology to deal with remote-controlled IEDs.
It also provides cyber security solutions for commercial and international institutional clients with integrated advanced technology.
2013 highlights of SIG
In March, Booz Allen Hamilton Holding Corporation (NYSE:BAH) collaborated with Washington, DC-based incubator 1776 to help government and commercial organizations to support startups to grow. Military and law enforcement clients benefit from Booz Allen’s advanced technology and specialized tradecrafts. The firm also launched facial recognition tool (OBSERVE) and threat intelligence product as Cyber4Sight in 2013. Booz Allen also established Strategic Alliance program with Microsoft and Amazon to strengthen the relationships with clients.
Going ahead
The market continues to grow and remains competitive as new opportunities are coming from commercial markets such as financial services, healthcare and energy. The market intends to develop their IT infrastructure to provide secured environment. The increasing demand for the firm’s services from the Middle East region will give opportunities to grow internationally.
Booz Allen Hamilton Holding Corporation (NYSE:BAH)’s primary focus on federal clients as more than 55% of revenue came from defense business, 23% from intelligence agencies and 22% from civil clients in 2013. So, the ongoing uncertainties revolving around government market place may affect its business significantly. Therefore, it needs to focus and expand its commercial clients and continues to deliver superior services to drive future growth.
