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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.
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