Benzinga | Sep 13, 2021 10:47AM EDT

Booz Allen Acquires Tracepoint For Undisclosed Sum

* Booz Allen Hamilton Holding Corp (NYSE:BAH) has acquired Tracepoint, a digital forensics and incident response (DFIR) company serving public and private sector clients, for undisclosed financial terms.

* Booz Allen exercised its option to acquire the remainder of Tracepoint's business after making an initial strategic investment in Tracepoint in January 2021.

* Booz Allen intends to integrate its Commercial Cyber business and Tracepoint in early 2022.

* Booz Allen expects Tracepoint's DFIR capabilities and customer relationships to complement and scale its existing commercial portfolio and expand its position in the private sector cyber market.

* Booz Allen held cash and cash equivalents of $621.9 million as of June 30, 2021.

* Price Action: BAH shares are trading higher by 1.30% at $82.54 on the last check Monday.