TAC InfoSec Limited, a.k.a. TAC Security, stated today that it intends to purchase Cyber Sandia, a well-known American cybersecurity company.
The first publicly listed cybersecurity company in India, TAC InfoSec Limited (NSE Emerge: INE0SOY01013), also known as TAC Security, is a leading global cybersecurity company that specializes in vulnerability management. Today, the company announced its intent to acquire Cyber Sandia, a well-known American cybersecurity firm.
Because Cyber Sandia and the State of New Mexico have a vital state-wide agreement for IT professional services, TAC Security has a great chance to expand its footprint in the American public sector with this strategic acquisition. Additionally, this will allow the business to offer its cybersecurity services all over the United States, which is the biggest market in the world. The US market accounts for a sizeable 70% of TAC Security’s overall revenue. This acquisition represents a significant milestone in the company’s expansion strategy, as it bolsters its already expanding position in the area with the help of committed cyber security professionals.
Trishneet Arora, TAC Security’s founder, chairman, and CEO, expressed excitement over the chance to welcome Cyber Sandia to the company. “Our desire to assist the State of New Mexico in strengthening its cybersecurity posture is what motivates us to purchase Cyber Sandia. Trishneet Arora continued, “This acquisition will enable us to capitalize on our experience and offer complete security solutions that satisfy the expanding needs of the public sector. The State of New Mexico and TAC Security have a long history together, having worked together on several cybersecurity projects to safeguard state assets. TAC Security has previously collaborated with the New Mexico Office of Attorney General and the Office of State Auditor. The purchase of Cyber Sandia, a company with an exclusive contract.
This acquisition makes sense given that the State of New Mexico just announced plans to invest heavily in cybersecurity. The state allocated an additional $45 million to cybersecurity in March 2023 in order to better safeguard government infrastructure and assets from emerging cyberthreats. In addition to strengthening TAC Security’s position in New Mexico, this acquisition serves as a calculated entry point into the larger public sector market in the United States. TAC Security intends to use Cyber Sandia to expand on its New Mexico contract success and pursue similar opportunities in other states. The company’s goal is to establish itself as a reliable cybersecurity partner for US federal organizations.
Cyber Sandia and TAC Security have been working together as a team to provide complete cybersecurity solutions. Acquiring CyberSandia was a strategic move made by TAC Security, which realized the increasing necessity of working directly with government agencies. Through this acquisition, TAC Security will be able to provide state-of-the-art cybersecurity solutions to government clients more seamlessly and expand its direct connection with them.
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