TAC Security Acquires CyberScope: Web3 Security Portfolio Expands

Deal News | Feb 17, 2025 | Globenewswire

TAC Security Acquires CyberScope: Web3 Security Portfolio Expands

TAC Security, a globally recognized NSE-listed company excelling in risk-based vulnerability management, has strategically acquired CyberScope, a leading Europe-based Web3 security firm. The acquisition is a pivotal move, significantly enhancing TAC Security's capabilities in smart contract audits, crypto security audits, and blockchain vulnerability assessments. With a proven track record of securing $134 billion worth of assets and completing 2,780 audits, CyberScope's integration into TAC Security will bolster its capabilities and expand its European presence further. This acquisition positions TAC Security as a dominant force in Web3 security, offering extensive vulnerability management solutions to its ever-growing client base of 6,000, with plans to surpass 10,000 clients by 2026. TAC Security's ESOF platform will now incorporate CyberScope's renowned security tools, marking it as the first vulnerability management firm globally to provide Web3 security audit services, further cementing its status as a leader in the sector. The acquisition underscores TAC Security's commitment to comprehensive cybersecurity solutions and global expansion.

Sectors

  • Cybersecurity
  • Blockchain
  • Technology

Geography

  • United States – TAC Security is based in New York, indicating the U.S. market's relevance to its operations.
  • Europe – CyberScope is a Europe-based company, indicating the significance of the European market in this acquisition.

Industry

  • Cybersecurity – The acquisition involves cybersecurity firms focusing on vulnerability management and risk assessment, particularly in blockchain and Web3 security.
  • Blockchain – CyberScope's expertise in blockchain and smart contract audits makes the blockchain industry highly relevant to this acquisition.
  • Technology – Both companies operate at the intersection of technology, focusing on innovative solutions for security in blockchain applications.

Financials

  • $134 billion – CyberScope has secured assets worth $134 billion through its audits.
  • 6,000 clients – Current number of clients for TAC Security, with plans to grow.
  • 10,000 clients by 2026 – Target number of clients post-acquisition.

Participants

NameRoleTypeDescription
TAC SecurityAcquirerCompanyA publicly listed cybersecurity company known for its ESOF platform and extensive client base.
CyberScopeTargetCompanyA leading Web3 security firm specializing in smart contract audits and blockchain security.
Trishneet AroraCEOPersonFounder and CEO of TAC Security, leading the company's expansion and strategic acquisitions.