Booz Allen Hamilton tapped the mergers and acquisitions market, purchasing cybersecurity company Tracepoint. The move follows a strategic investment the McLean management and IT consulting firm made in the Fredericksburg company back in January. It’s Booz Allen’s first acquisition since it bought Liberty IT Solutions for $725 million in May.
Founded in 2019, Tracepoint specializes in a wide spectrum of cybersecurity services, from areas like security gap and compliance risk assessments to digital forensics and incident response to ransomware settlement and recovery.
The acquisition provides Booz Allen with around 100 staff in digital forensics and incident response capability and with strong channels to the market, Phelps said. Tracepoint will operate initially as a subsidiary until Booz Allen completes its integration into its commercial business unit, which is expected in the first quarter of 2022.
SOURCE: Washington Business Journal