TAC Security, a global leader in cybersecurity solutions, has recently announced its intention to acquire Cyber Sandia, a U.S.-based cybersecurity firm.
This acquisition is set to significantly enhance TAC Security’s presence in the U.S. public sector, particularly in the State of New Mexico.
Here’s a detailed look at this strategic move and its implications for both companies.
Acquisition Overview
TAC Security’s U.S. subsidiary, TAC Security, Inc. (DE), will acquire 100% of the shares of Sandia IT & Cyber-Security Services LLC in a cash transaction.
The deal is expected to be finalized before August 31, 2024.
This acquisition marks a significant step in TAC Security’s strategy to expand its footprint in the United States, particularly within the government sector.
Cyber Sandia’s Critical Role in New Mexico
Cyber Sandia is a well-established cybersecurity firm with a critical State-Wide Agreement with the State of New Mexico for IT Professional Services.
This contract, which only opens for bids every four years, is a major asset for TAC Security.
It not only strengthens TAC Security’s relationship with the State of New Mexico but also provides a strategic entry point into the broader U.S. public sector market.
By acquiring Cyber Sandia, TAC Security will gain access to a key market that is crucial for its long-term growth.
This move aligns with TAC Security’s vision of becoming a trusted cybersecurity partner for government agencies across the United States.
Strategic Importance of the Acquisition
The acquisition of Cyber Sandia is more than just a business transaction; it is a strategic move that will allow TAC Security to leverage Cyber Sandia’s expertise in delivering tailored cybersecurity services.
These services include threat intelligence, incident response, risk management, and compliance solutions, all of which are critical for safeguarding government agencies.
With this acquisition, TAC Security is positioning itself as a leading provider of comprehensive and cutting-edge cybersecurity solutions to federal, state, and local government agencies.
The U.S. public sector represents approximately 70% of TAC Security’s total revenues, making this acquisition a key part of its growth strategy.
Market Impact and Future Plans
The U.S. public sector is a significant market for TAC Security, and this acquisition will enable the company to strengthen its foothold in this sector.
The acquisition of Cyber Sandia will enhance TAC Security’s ability to deliver high-quality cybersecurity solutions to government agencies, ensuring that they are protected against the ever-evolving threat landscape.
Both companies are working closely to ensure a smooth transition and integration process.
The focus will be on aligning operational strategies, integrating teams, and leveraging their combined strengths to deliver enhanced value to clients.
TAC Security also plans to use this acquisition as a stepping stone to pursue similar contracts in other states, further expanding its presence in the U.S. market.
CEO’s Vision and Commitment
Trishneet Arora, Founder, Chairman & CEO of TAC Security, expressed his enthusiasm for the acquisition, highlighting the company’s commitment to supporting the State of New Mexico’s efforts to enhance its cybersecurity posture.
He also emphasized TAC Security’s broader goal of expanding its presence in the U.S. public sector, stating that the acquisition of Cyber Sandia is a critical step in achieving this vision.
Arora’s vision for TAC Security is clear: to become a leading cybersecurity partner for government agencies across the United States.
This acquisition is a testament to TAC Security’s commitment to delivering innovative cybersecurity solutions that protect critical infrastructure and sensitive data.
Conclusion
The acquisition of Cyber Sandia by TAC Security represents a strategic move that will significantly enhance TAC Security’s presence in the U.S. public sector.
With Cyber Sandia’s expertise and critical state-wide contract, TAC Security is well-positioned to expand its footprint in the U.S. market and become a trusted cybersecurity partner for government agencies.
As the company continues to grow, this acquisition will play a key role in its long-term success and ability to deliver cutting-edge cybersecurity solutions.
