TAC Security has announced the acquisition of CyberScope, a Europe-based Web3 security firm specializing in smart contract audits and blockchain vulnerability assessments. This strategic move is expected to significantly enhance TAC Security’s global footprint, particularly in the Web3 and cybersecurity markets. The acquisition adds over 3,000 new clients to TAC Security’s base, increasing it to 6,000 globally, with a target of reaching 10,000 by 2026.
CyberScope, with a proven track record of 2,780 audits and $134 billion in secured assets, will bring its suite of products, including Cyberscan and Safescan, into TAC Security’s ESOF (Enterprise Security in One Framework) platform. This integration will allow clients to benefit from enhanced smart contract auditing and blockchain-specific security solutions.
The acquisition is set to contribute an additional $1.2 million in revenue to TAC Security’s growth strategy. With CyberScope’s client base and established reputation in Europe, TAC Security aims to leverage cross-selling opportunities and broaden its offerings to both Web3 and enterprise clients globally.
Trishneet Arora, Founder and CEO of TAC Security, stated that the acquisition marks a significant milestone toward achieving the company’s goal of becoming the world’s largest vulnerability management firm by 2026.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
