Booz Allen Hamilton has completed the acquisition of Tracepoint, a digital forensics and incident response company serving public and private sector clients.
Booz Allen decided to buy the remainder of Tracepoint’s business after making an initial strategic investment in the company in January. This transaction is part of a broader capital deployment strategy to accelerate Booz Allen’s advancement in critical technology areas.
“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, Booz Allen president and CEO.
Co-founded in December 2019 by Baton Rouge-based Plexos Group, Chris Salsberry, Brett Anderson and Rob Driscoll, Tracepoint is based in Fredericksburg, Virginia.
“We have a proven track record of successful collaboration with Tracepoint and will leverage the complementary strengths of both businesses to cement our status as a leading competitor in the global marketplace,” said Bill Phelps, executive vice president and leader of Booz Allen’s commercial business. “I am excited to begin this new chapter of growth.”