https://nsearchives.nseindia.com/corporate/TAC_30092024110323_PR_.pdf
30th September 2024; Mumbai, India / Albuquerque, U.S. / Dubai, UAE: TAC InfoSec Limited (NSE: TAC), a leading global cybersecurity company specializing in vulnerability management, has announced the successful completion of two strategic acquisitions aimed at expanding its global footprint in the U.S. and UAE markets.
USA Acquisition
TAC Security has successfully acquired CyberSandia, a U.S.-based cybersecurity firm holding an exclusive contract to provide IT services to the State of New Mexico. The acquisition, initially announced on August 23, 2024, will significantly bolster TAC Security’s presence in the U.S. market, particularly in the public sector.
To further strengthen its U.S. operations, TAC Security has appointed Hector Balderas, former Attorney General of New Mexico, to its U.S. Board of Directors. This strategic move underlines the company’s commitment to capitalizing on emerging cybersecurity opportunities in the region, which saw New Mexico allocate $45 million to state cybersecurity initiatives in 2023.
UAE Acquisition
In addition, TAC Security has acquired TAC Cyber Security Consultancy L.L.C, a UAE-based subsidiary, to cater to the rapidly growing cybersecurity demand in the Gulf Cooperation Council (GCC) region and broader Middle East markets. With the UAE serving as a major financial and technological hub, this acquisition positions TAC Security to deliver advanced cybersecurity solutions to local enterprises and government entities.
Strategic Growth and Market Expansion
Both acquisitions are aligned with TAC Security’s mission to expand its global presence and operational capabilities in key regions. The company’s flagship platform, ESOF (Enterprise Security in One Framework), continues to be widely adopted by enterprises and government bodies worldwide, empowering them to tackle evolving cyber threats with innovative vulnerability management solutions.
“We are thrilled to expand our operations in the GCC with the new UAE subsidiary and solidify our U.S. presence with the acquisition of CyberSandia. These moves mark significant milestones in our global expansion strategy, enabling us to deliver world-class cybersecurity solutions tailored to the specific needs of local and international clients,” said Trishneet Arora, Founder, Chairman, and CEO of TAC Security. “We remain committed to securing the digital future globally, ensuring our clients stay ahead of emerging cyber threats.”
