Booz Allen acquires Fredericksburg cyber company as attacks increase in frequency

Booz Allen Hamilton Inc. (NYSE: BAH) again tapped the mergers and acquisitions market, it announced Monday, purchasing cybersecurity company Tracepoint.

Terms of the acquisition weren’t disclosed, but 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. 

Bill Phelps, executive vice president and head of Booz Allen’s commercial business, said the company became acquainted with Tracepoint’s leadership in May 2020 as incident response became a growing market due to an increasing number of cyberbreaches.    

“As these things go, it was always our intention to acquire the…

Read the full story from the Washington Business Journal.

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