Booz Allen Hamilton, a consulting firm that has a Top 250 MSSP business, has announced a strategic investment in cybersecurity solutions provider Tracepoint. The investment comes after Booz Allen in December 2020 hired cybersecurity industry veteran Andrew Turner as an EVP of its global commercial business.
Update - September 13, 2021: Booz Allen acquired all of Tracepoint.
The Tracepoint investments highlight Booz Allen's commitment to delivering cybersecurity services and solutions to global organizations, said Bill Phelps, an EVP of Booz Allen's global commercial business. It enhances Booz Allen's cybersecurity portfolio and enables the firm to deliver advanced security solutions to organizations in financial services, health and life sciences, energy, transportation, manufacturing and other industries.
A Closer Look at Tracepoint
Tracepoint specializes in supporting cyber insurance carriers, lawyers, brokers and their customers, Booz Allen noted. It offers cyber incident response, remediation and recovery solutions, including:
- Active Defense Services: Empower IT, security, governance, risk and compliance teams to implement security measures based on budget, resource allocation and risk posture
- Digital Forensics and Incident Response: Offers access to digital forensics experts who can explain how an incident happened, when it happened and what needs to be done to respond and remediate it
- Ransomware Recovery: Provides insights into threat activity and incidents to help organizations avoid future cyberattacks
Tracepoint remains dedicated to helping organizations defend against and respond to cyber threats, CEO Chris Salsberry stated. Going forward, Tracepoint will continue to explore ways to bolster its incident response capabilities and help organizations identify and mitigate cyber risks.
What Does the Tracepoint Acquisition Mean for Booz Allen?
Tracepoint complements Booz Allen's cybersecurity portfolio and could help the firm enhance its incident response services.
Booz Allen offers incident response services designed to help organizations face and remediate advanced and malicious cyberattackers, the firm indicated. These services are backed by a team of cybersecurity professionals and enable organizations to prepare for sophisticated attacks, identify cyber threats and optimize their post-incident security.