Booz Allen Hamilton (NYSE: BAH) has acquired Tracepoint, a digital forensics and incident response support provider, for an undisclosed sum to expand its portfolio of cybersecurity platforms and services and advance its entry into critical technology areas as part of a capital deployment strategy.
Tracepoint is a Fredericksburg, Virginia-based company focused on providing DFIR, cyber risk and resilience management and remediation support services for public and private sector clients, Booz Allen said Monday.
“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,” said Horacio Rozanski, president and CEO of Booz Allen and a two-time Wash100 Award winner.
The acquisition came eight months after McLean, Virginia-based Booz Allen announced a strategic investment in Tracepoint.
Booz Allen plans to integrate Tracepoint with its commercial cyber business in early 2022 to establish a scaled business in the areas of managed services, enterprise consulting and incident response.
Goldman Sachs & Co. and King & Spalding served as financial and legal advisers, respectively, to Booz Allen in the transaction. Raymond James & Associates advised Tracepoint on the deal’s financial aspect, while Holland & Knight acted as legal counsel to the company.
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