This is technology M&A deal number 563 that MSSP Alert and sister site ChannelE2E have covered so far in 2021.
Ahead of this completed acquisition, Booz Allen owned a stake in Tracepoint since at least January 2021.
Booz Allen Acquires Tracepoint: About Each Business
Tracepoint, founded in 2019, has 84 employees listed on LinkedIn. The company focuses on threat intelligence, DFIR, remediation, and cyber risk and resilience management. Tracepoint helps cyber insurance carriers, lawyers, brokers, and their clients respond to cyber incidents. In some ways, Tracepoint therefore competes against FireEye's Mandiant business (FireEye and Mandiant are in the process of breaking into two companies.)
Tracepoint will integrate with Booz Allen's Commercial Cyber business in early 2022. That business unit has three long-term focus areas:
- Incident response;
- enterprise consulting; and
- managed services.
Booz Allen, meanwhile, employs roughly 28,600 people and had revenue of $7.9 billion for the 12 months ended March 31, 2021, the company says.
Booz Allen Acquires Tracepoint: Executive Perspectives
In a prepared statement about the deal, Booz Allen CEO Horacio Rozanski said:
“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."
Added Bill Phelps, executive VP and leader of Booz Allen’s commercial business:
“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. 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. I am excited to begin this new chapter of growth.”
Noted Tracepoint CEO Chris Salsberry:
“Today’s announcement is a testament to our team’s exceptional work in building Tracepoint into the industry leader that it is today. 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. We are thrilled to enter the market together as partners.”
Multiple companies assisted the M&A deal. For instance: