ShorePoint books $51M cyber modernization contract carloscastilla

The company is tasked to modernize cybersecurity, risk, and compliance programs for the Federal Retirement Thrift Investment Board.

ShorePoint has secured a potential five-year $50.8 million contract to provide cybersecurity services to the Federal Retirement Thrift Investment Board.

The FRTIB Cybersecurity, Risk and Compliance Support Services contract calls on ShorePoint to help modernize the agency’s cybersecurity, risk and compliance program. The contract has a one-year base and four one-year options.

“FRTIB has built reliable compliance processes and now has a clear vision to modernize their program, to adopt more continuous monitoring and automation capabilities that will strengthen their cyber resilience,” Matt Brown, co-founder and chief executive of ShorePoint, said in a release Tuesday

ShorePoint will also act as a strategic adviser to the agency in guiding modernization plans and delivering security architecture and engineering, risk and vulnerability assessment, penetration testing and high-value asset assessment services.

This win win builds on a $300 million contract ShorePoint won one of two slots on in 2023 for similar support services to the U.S. Agency for International Development.