Booz Allen Hamilton has made a strategic investment in Tracepoint. The company, co-founded by Plexos Group and several industry experts, specialises in supporting cyber insurance carriers, lawyers, brokers, and their clients through crises. The reportedly enhances the ability of both Tracepoint and Booz Allen to defend clients against a growing number of debilitating cyber threats.
“This past year has been dominated by increasingly sophisticated cyber attacks, from the evolution of ransomware business models to a surge in attacks related to remote work,” said Bill Phelps, executive vice president and leader of the firm’s global commercial business. “Organisations must be able to detect, respond, and remediate the most consequential cyber threats to fully capitalise on the benefits of digital transformation. This investment in Tracepoint is part of our broader commitment to delivering comprehensive cyber services and solutions to ensure business resiliency for our global client base.”
“Both of our organisations, Tracepoint and Booz Allen, are dedicated to helping clients defend against and respond to some of today’s most sophisticated and determined cyber actors,” said Chris Salsberry, Tracepoint’s chief executive officer. “We’re excited to have Booz Allen, a recognised cybersecurity leader, as an investor and partner. Their support helps elevate and grow our incident response capabilities. As we’ve seen across client engagements, organisations must relentlessly prepare for a cyber incident to reduce their risk.”
Plexos president and CEO David Odom said of the investment: “We are extremely pleased with the tremendous growth of Tracepoint. Booz Allen’s strategic investment affirms the unique value this growing company brings to the cybersecurity industry.”
“Cybersecurity is a business-enabling function that directly affects an organisation’s potential to deliver to the bottom line,” said Jerry Bessette, a Booz Allen senior vice president and leader of the firm’s commercial strategic readiness and incident response team. “Tracepoint has a proven track record of helping clients respond to attacks with resiliency and we’re proud to invest and enhance these incident response capabilities. A growing array of domestic and international cyber threats means that having tested plans in place to mitigate threats will only become more of a business imperative.”