Booz Allen Hamilton Inc. (informally: Booz Allen) is an American management consulting firm headquartered in Tysons Corner, Fairfax County, Virginia in Greater Washington DC, with 80 other offices throughout the United States. Its core business is the provision of management, technology and security services, primarily to civilian government agencies and as a security and defense contractor to defense and intelligence agencies, as well as civil and commercial services. The scope of services includes strategic planning, human capital and learning, communications, operational improvement, information technology work, systems engineering, organizational change efforts, modeling and simulation, program management, assurance and resilience, and economic business analysis.
Booz Allen Hamilton was founded in 1914. It is one of the oldest management consulting firms in the world. By the end of the 1950s, Time Magazine dubbed the firm "the world's largest, most prestigious management consulting firm." In 1970, Booz Allen went public with an initial offering of 500,000 shares at $24 per share. Trading continued through 1976.
As of August 2008, Booz Allen Hamilton’s former parent company (which used the Booz Allen name itself) divided in two. The Booz Allen Hamilton moniker was retained by the half focusing on U.S. governmental matters, with Booz & Company taking sole control of its commercial strategy and international portfolio. However, as Booz Allen's three-year non-compete provision has expired, it is now building out its commercial consulting practice focusing on technology integration and cybersecurity programs. Booz Allen Hamilton is majority owned by private equity firm The Carlyle Group, while Booz & Company is owned and operated as a partnership. Booz & Company was subsequently acquired by PricewaterhouseCoopers and is now known as Strategy&. On November 17, 2010, Booz Allen's shares of common stock began trading at the New York Stock Exchange, and Ralph Shrader rang the opening bell on January 2, 2014.
After graduating from Northwestern University in Evanston, Illinois in 1914, Edwin G. Booz developed the business theory that companies would be more successful if they could call on someone outside their own organizations for expert, impartial advice. This theory developed into a new profession – management consulting – and the firm that would bear his name. According to the company, "In 1940, the firm was hired to help the United States Secretary of the Navy with World War II preparations. Since then, Booz Allen has had a hand in several notable private and public engagements throughout its years, such as advising on the breakup of Ma Bell and helping organize the National Football League in the 1960s."In point of fact, the National Football League was founded in the 1920s; perhaps Booz Allen helped with the merger with the AFL in the 1960s and is exaggerating its role. The firm has gone through several name changes in its 100 years of existence. These include: Edwin G. Booz, Business Engineering Service; Edwin G. Booz Surveys; Edwin G. Booz and Fry Surveys; Booz, Fry, Allen & Hamilton; Booz, Allen & Hamilton; and finally Booz Allen Hamilton.
As of 2013, 99% of the company's revenue comes from the Federal government. It has been ranked 1st by Vault in public sector consulting in 2014, and from 6th to 4th best technology consulting firm worldwide on a number of criteria, including prestige and quality, since 2012.
Source: Wikipedia.
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