TAC Security successfully concludes its acquisitions in the USA and UAE  

Mumbai, September 30, 2024: TAC InfoSec Limited (NSE Emerge: INE0SOY01013) (referred to hereafter as TAC Security), a leading global cybersecurity company specialising in vulnerability management and India’s first publicly listed cybersecurity company, today announced the successful completion of two strategic acquisitions in the US and UAE.
 
US Acquisition
The company announced its intent to acquire CyberSandia - a U.S.-based cybersecurity firm holding a statewide government contract to provide IT services for the State of New Mexico, on 23rd August 2024. This acquisition, now completed successfully, will strengthen TAC Security’s presence in the U.S. market and is a significant step toward expanding its global footprint in the public sector. The company also appointed Hector Balderas to the Board of Directors in the U.S. Hector is a former Attorney General of New Mexico and highlights the company’s intent to further capitalise upon the vast opportunities the region has to offer for its cybersecurity spending across the public and private markets. In March 2023, the state announced an increase in its cybersecurity budget, allocating $45 million to protect state assets and infrastructure against evolving cyber threats. 
 
UAE Acquisition
With the acquisition of WOS - TAC Cyber Security Consultancy L.L.C in the UAE, TAC Security has strategically positioned itself to cater to the growing demand for advanced cybersecurity services in the Gulf Cooperation Council (GCC) region and the broader Middle East. The UAE, a major financial and technological hub, provides an ideal base for TAC Security to deliver cutting-edge cybersecurity expertise and solutions to local enterprises and government entities.
 
This expansion is crucial to TAC Security’s broader mission to enhance its presence and operational capabilities in the Middle East, a region experiencing rapid growth in cybersecurity needs. The new UAE subsidiary allows TAC Security to diversify its client base and provide seamless services to cross-border clients throughout the GCC.
Management comment
“We are excited to officially begin operations in the GCC region with our new wholly-owned subsidiary in the UAE. This expansion will enable us to provide localised, cutting-edge cybersecurity services to one of the world’s fastest-growing markets, strengthening our commitment to securing the digital future globally. Acquiring Cyber Sandia marks another important step in our global expansion strategy. With their strong foothold in the U.S. cybersecurity market, we are confident that this acquisition will further solidify TAC Security’s presence in North America and help us better serve government entities with innovative, reliable, and scalable cybersecurity solutions”, said Trishneet Arora, Founder, Chairman, and CEO of TAC Security.
 
TAC Security has a longstanding relationship with the State of New Mexico, having previously collaborated on various cybersecurity initiatives to protect state infrastructure. TAC Security previously worked with the Office of State Auditor, New Mexico and the Office of Attorney General-New Mexico. The acquisition of CyberSandia, a firm with an exclusive contract to provide IT services to the State of New Mexico, further strengthens this relationship. This contract only opens for bids once every four years.
 
Both developments are part of TAC Security’s consistent growth and focus on innovation in the cybersecurity space. Its ESOF (Enterprise Security in One Framework) platform continues to be adopted by enterprises and governments worldwide to combat evolving cyber threats, enabling the company to lead the way in comprehensive vulnerability management and cybersecurity solutions.
 
TAC InfoSec Limited’s 8th Annual General Meeting and First Meeting Post IPO to be held today, 30th September 2024