Booz Allen acquires cyber security firm Tracepoint
The acquisition will strengthen Booz Allen’s foothold in the private cyber security market
Booz Allen Hamilton has acquired Tracepoint for an undisclosed sum months after making a strategic investment in the firm in January 2021.
Tracepoint specializes in digital forensics and incident response (DFIR), remediation, and resilience management. The firm boasts extensive threat intelligence from remediating the most nefarious tactics, techniques, and procedures exercised by bad actors.
Starting in 2022, Booz Allen plans to integrate its commercial cyber services with Tracepoint. The move ties in with the company's long-term growth plan to expand in three key areas: incident response, enterprise consulting, and managed services.
The integration will create value for both companies while preserving Tracepoint's competitive agility in solving sophisticated cyber security challenges.
DFIR by Tracepoint provides complete visibility into detection, response, and notification activities related to security incidents. The firm’s active defense services provide organizations with a comprehensive risk assessment to prevent potential data incidents, streamline remediation efforts, and avoid regulatory fines.
Lastly, Tracepoint’s ransomware settlement and recovery platform helps businesses determine data recovery strategies, coordinate negotiations, collate evidence, and more.
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Booz Allen president and CEO Horacio Rozanski said: “We see strong demand and a clear opportunity as organizations and governments around the globe face increasingly sophisticated cyber threats and believe this is the right time for us to further elevate our incident response capabilities and talent; this transaction aligns with that strategic approach.”
“Tracepoint has an exceptionally qualified team with strong brand recognition in the DFIR market and extensive relationships in its core sectors to expand our commercial offering and accelerate our growth,” added Bill Phelps, executive vice president and leader of Booz Allen’s commercial business.
Booz Allen has not disclosed the financial terms of the acquisition. The firm reportedly hired Goldman Sachs & Co LLC for financial advice and King & Spalding LLP for legal counsel as part of the deal.
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