Trustwave Holdings, Inc. — Cyborg Score 8/10

Strong
Managed security services (MSS) and managed detection and response (MDR)

Strategic Profile

The acquisition of Trustwave transforms LevelBlue into the world's largest pure-play, independent managed security services provider (MSSP), with 30,000 customers, generating annual revenues of over $1 billion. Trustwave achieved full authorized status under both the Federal Risk and Authorization Management Program (FedRAMP) and StateRAMP, significantly strengthening ability to serve the U.S. Department of Defense, the Defense Industrial Base, federal agencies, and state and local governments worldwide.

Cyborg Score Rationale

As part of the largest managed security services provider, it offers cyber consulting, managed detection and response, and incident response services. The combined company integrates LevelBlue's expertise in network security with Trustwave's market-leading MDR powered by the Fusion Security Operations Platform and SpiderLabs threat intelligence team. Significant government credentialing and global scale position it well in a growing market.

Top Insights

  • Trustwave became the first and only cybersecurity pure-play provider to achieve full authorized status under both FedRAMP and StateRAMP in early 2026
  • Cybereason walked away from its October 2024 agreement to merge with Trustwave following a boardroom dispute and investor misalignment, making the LevelBlue acquisition a more stable outcome
  • The company operates Security Operations Centers in Chicago, Denver, Manila, Minneapolis, Singapore, Sydney, Tokyo, Warsaw, and Waterloo, Ontario, enabling 24/7 global response
  • LevelBlue's plan combines AI-driven threat detection and orchestration capabilities with Trustwave's mature threat intelligence via SpiderLabs and global incident response services

Named Competitors

  • Managed Detection and Response — Endpoint detection and response with MDR capabilities
  • Managed Security Services — Managed security and cybersecurity consulting
  • Managed Security Platform — Vulnerability management and threat intelligence platform
  • Managed Security Services — Security services and threat management
  • Arctic Wolf — Cloud-native security operations platform

Recent Developments

  • (July 2025) Acquired by LevelBlue to form world's largest pure-play MSSP
  • (March 2026) LevelBlue completed acquisition and announced Trustwave achieved FedRAMP and StateRAMP authorizations
  • (March 2025) Trustwave unveiled MXDR solution with Devo collaboration

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