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Global cyber security firm TAC Security has announced its plans to go public and raise funds from the capital market this year. The company aims to expand its operations and increase its turnover to Rs100 crore by 2026.
- TAC Security plans to go public this year and raise funds from the capital market.
- The company aims to increase its turnover to Rs100 crore by 2026.
- TAC Security is a leading player in cybersecurity and offers risk and vulnerability management services.
- The company has not disclosed its current turnover.
- An initial public offering (IPO) is one of the capital-raising options being explored.
- Beeline Capital Advisors Private Ltd has been appointed as the exclusive book-running lead manager for the proposed IPO.
TAC Security, founded by entrepreneur Trishneet Arora in 2013, is a SaaS (Software as a Service) firm that has established itself as a pioneer in the cybersecurity industry. The company aims to achieve a revenue of Rs100 crore by 2026, according to a company statement.
The decision to go public and raise funds from the capital market comes as TAC Security seeks to expand its operations and take advantage of the growing demand for cybersecurity services. With the increasing number of cyber threats and the need for robust security measures, the cybersecurity industry has seen significant growth in recent years.
TAC Security’s expertise lies in risk and vulnerability management, providing clients with comprehensive solutions to protect their digital assets from cyber threats. The company’s services include vulnerability assessment, penetration testing, and security auditing.
The decision to explore an IPO as a capital-raising option reflects TAC Security’s confidence in its growth potential and its commitment to providing innovative solutions to its clients. By going public, the company aims to access additional funds to invest in research and development, expand its team, and enhance its technological capabilities.
The appointment of Beeline Capital Advisors Private Ltd as the exclusive book-running lead manager for the proposed IPO further demonstrates TAC Security’s seriousness in pursuing its public listing. Beeline Capital Advisors is expected to play a crucial role in managing the IPO process and ensuring its success.
Overall, TAC Security’s plans to go public and raise funds from the capital market signal its ambitions to further establish itself as a key player in the cybersecurity industry. With its strong track record and expertise in risk and vulnerability management, the company is well-positioned to capitalize on the growing demand for cybersecurity services and achieve its revenue goals.
