Booz Allen acquires Fredericksburg-based Tracepoint
Digital forensics company will be combined with Booz Allen's commercial cyber biz
Fortune 500 global management consultant Booz Allen Hamilton Inc. has acquired Tracepoint, a Fredericksburg-based digital forensics and incident response (DFIR) company, Booz Allen announced Monday.
Financial terms of the agreement were not disclosed.
Baton-Rouge based Plexos Group LLC, Tracepoint CEO Chris Salsberry, Brett Anderson and Rob Driscoll co-founded Tracepoint in December 2019. Tracepoint provides DFIR, remediation and cyber risk and resilience management services.
“Today’s announcement is a testament to our team’s exceptional work in building Tracepoint into the industry leader that it is today,” Salsberry said in a statement. “Booz Allen has decades of experience working across the most significant breaches and clients and will provide strong foundations from which we can continue to grow and expand our business.
McLean-based Booz Allen took the option to acquire the remainder of Tracepoint after initially investing in January, and the company plans to combine its Commercial Cyber business and Tracepoint in early 2022. Booz Allen is focusing on creating a business in incident response, enterprise consulting and managed services as part of its growth plan.
“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,” Bill Phelps, executive vice president and leader of Booz Allen’s commercial business, said in a statement. “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.”
With $7.5 billion in fiscal 2020 revenue, Booz Allen employs more than 27,600 workers globally, with about 10,000 employed in Virginia.