New Delhi: After growing sales 1.5x in FY21-22, Silicon Valley-based cybersecurity startup TAC Security now plans to list on the Nasdaq by 2025. Founded by Trishneet Arora, the company has Vijay Kedia as one of its top investors. In this interview with ETMarkets, Arora lists the company’s expansion plans:
Edited excerpts:
How was the fiscal year 21/22 for your company? Can you give some numbers on sales and profit growth?
FY21-22 was a year of growth for us. We had over 50 new customers from 14 countries and 21 new partners from 9 different countries ie USA, Canada, Israel, UK and Europe and the sales increased by 1.5 times.
And what does the sales and deal pipeline look like this year? What growth do you expect?
For this year, TAC Security is planning major expansions in all aspects. We are in the works for many new product launches, partnership announcements and consistent customer launches. Above all, we are focused on improving and launching the new products that would make this possible
Businesses of all sizes around the world to meet their cybersecurity needs on one platform with the future capabilities of cybersecurity.
How big was the tailwind for your company from Covid?
COVID has made cybersecurity an essential part of business, a boardroom conversation. When the world had to go digital overnight, it was up to the cybersecurity industry to ensure the security of digital infrastructure around the world. Organizations, regardless of size, are allocating larger budgets to cybersecurity because they understand its importance and necessity. This allowed the industry to grow and expand faster and we were able to triple our risk and vulnerability management business despite Covid, a story featured on the Nasdaq billboard. TAC Security seeks to build an ecosystem for technology and business people to leverage a platform to identify and remediate the threat using the number language (Cyber Score) understood by board-level employees.
What are your plans for the IPO?
We are primarily a bootstrap startup and the only profitable cybersecurity startup. Our vision is to be listed on the Nasdaq in 2025.
What do you think are the key growth drivers for TAC Security over the next 4-5 years?
Our focus is on building a key team in the US, Europe, Middle East and Australia. We focus on big deals from $200k ARR to $500k for ESOF VMP & ESOF AppSec and ESOF VMDR will have small ticket size from $10k to $25k but large number of customers. TAC Security seeks to build an ecosystem for technology and business people to leverage a platform to identify and remediate the threat using the number language (Cyber Score) understood by board-level employees.
Are there plans to expand geographically and add new products?
We are expanding and growing rapidly around the world and will be opening our Europe office soon. As for our product pipelines, we have launched two of them under our Enterprise Security in One Framework (ESOF) umbrella suite and have many more in the pipeline.
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