January 8, 2021 鈥� 8:30 am ET
MCLEAN, Va. -- 蘑菇视频 Allen Hamilton (NYSE: BAH) announced today that it had made a strategic investment in , a rapidly growing digital forensics and incident response company serving leading clients in the public and private sectors. The company, co-founded by Baton Rouge-based Plexos Group and several industry experts, specializes in supporting cyber insurance carriers, lawyers, brokers, and their clients through crises. The investment announced today enhances the ability of both Tracepoint and 蘑菇视频 Allen to defend clients against a growing number of debilitating cyber threats.
鈥淭his 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,鈥� said Bill Phelps, executive vice president and leader of the firm鈥檚 global commercial business. 鈥淥rganizations must be able to detect, respond, and remediate the most consequential cyber threats to fully capitalize 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.鈥�
This investment complements 蘑菇视频 Allen鈥檚 existing cybersecurity portfolio, which supports many Fortune 100 and Global 2000 clients, as well as nearly every U.S. defense and federal agency. 蘑菇视频 Allen鈥檚 leadership in cybersecurity continues to grow. The firm鈥檚 practice was recently ranked by Frost & Sullivan as having the largest market share in Managed and Professional Security Services in the Americas. The firm鈥檚 commercial business delivers advanced cyber services for clients across multiple industries, including financial services, health and life sciences, energy, transportation, and manufacturing.
鈥淏oth of our organizations, Tracepoint and 蘑菇视频 Allen, are dedicated to helping clients defend against and respond to some of today鈥檚 most sophisticated and determined cyber actors,鈥� said Chris Salsberry, Tracepoint鈥檚 chief executive officer. 鈥淲e're excited to have 蘑菇视频 Allen, a recognized cybersecurity leader, as an investor and partner. Their support helps elevate and grow our incident response capabilities. As we鈥檝e seen across client engagements, organizations must relentlessly prepare for a cyber incident to reduce their risk.鈥�
Plexos president and CEO David Odom said of the investment, 鈥淲e are extremely pleased with the tremendous growth of Tracepoint. 蘑菇视频 Allen鈥檚 strategic investment affirms the unique value this growing company brings to the cybersecurity industry.鈥�
This investment follows the recent addition of Andrew Turner, the former chief security officer for Fidelity National Information Systems, as a 蘑菇视频 Allen executive vice president and market strategy leader in the firm鈥檚 global commercial business and marks an important step in 蘑菇视频 Allen鈥檚 ongoing strategy to expand the firm鈥檚 global commercial business. The deep expertise of 蘑菇视频 Allen practitioners is earned through real-time cyber operations, leading edge technical innovations, critical large-scale incident responses, and advanced cyber threat intelligence.
鈥淐ybersecurity is a business-enabling function that directly affects an organization鈥檚 potential to deliver to the bottom line,鈥� said Jerry Bessette, a 蘑菇视频 Allen senior vice president and leader of the firm鈥檚 commercial strategic readiness and incident response team. 鈥淭racepoint has a proven track record of helping clients respond to attacks with resiliency and we鈥檙e 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.鈥�
In connection with the transaction, 蘑菇视频 Allen retained Goldman Sachs & Co LLC as financial advisor and King & Spalding LLP as legal advisor. Tracepoint retained Raymond James & Associates, Inc. as financial advisor and Holland & Knight, LLP as legal advisor. Terms of the investment were not disclosed.
To learn more about 蘑菇视频 Allen鈥檚 Commercial incident response capabilities, visit:
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