Booz Allen takes full ownership, control of cyber forensics firm
- By Ross Wilkers
- Sep 13, 2021
Booz Allen Hamilton has evidently found that it likes what it sees in Tracepoint, nearly eight months after becoming an investor in that commercial cybersecurity company.
In a release Monday, Booz Allen said it has exercised an option to acquire the remaining equity in Tracepoint and hence gain full control of the digital forensics and incident response company. Terms of the completed acquisition were not disclosed.
The plan is for Tracepoint to be fully integrated into Booz Allen’s commercial cyber business in early 2022 as the acquirer pushes to create a scaled business in areas such as incident response, enterprise consulting and managed services.
While the bulk of Tracepoint’s customers are in commercial markets, the company also touts having clients in the public sector. Cyber insurance carriers, lawyers and brokers are customers of the two-year-old Tracepoint business
Global commercial represents nearly 2 percent of annual revenue for Booz Allen, which has over the past year re-oriented that line of business out of international markets such as the Middle East and more toward cyber in North America.
Booz Allen retained Goldman Sachs as financial adviser and King & Spalding LLP as legal adviser. Tracepoint retained Raymond James & Associates as financial adviser and Holland & Knight LLP as legal adviser.
Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at email@example.com. Follow him on Twitter: @rosswilkers. Also connect with him on LinkedIn.