New Delhi: After growing its revenue 1.5 times in FY21-22, Silicon Valley-based cybersecurity startup TAC Security plans to list on Nasdaq by 2025. The company was founded by Trishneet Arora, and Vijay Kedia has been named as one of its main investors. In this interview, Arora lists the company's expansion plans:
How was the fiscal year 21-22 for your company? Can you share some numbers on revenue and earnings growth?
Fiscal year 21-22 was a year of growth for us. We have more than 50 new clients from 14 countries and 21 new partners from 9 different countries, such as USA, Canada, Israel, UK and Europe, and the revenue has grown 1.5 times.
What will your revenue stream and deals look like this year? What kind of growth do you expect?
For this year, TAC Security seeks great expansions in all aspects. We are working on a large number of new product launches, partnership announcements, and consistent configurations for customers. Above all, our focus is on promoting and launching new products that would empower Organizations of any size from around the world to meet their cybersecurity needs on a single platform with cyber security's future abilities.
How big a tailwind has Covid been for your business?
COVID has made cyber security an essential part of business and its conference room conversation. When the world was forced to go digital overnight, it was up to the cybersecurity industry to ensure the integrity of digital infrastructure around the world. Organizations, regardless of size, allocate larger budgets to cybersecurity to understand the importance and necessity. This allowed the industry to grow and expand at a faster rate and allowed us to double our business and triple our risk management despite Covid, a story covered on the Nasdaq bulletin board. TAC Security is trying to build an ecosystem of technology and entrepreneurs to leverage a platform to identify and address a threat, with the help of a language of numbers (Cyber Score) that people understand at the board level.
What are your plans of going public?
We are basically a start-up company and the only profitable start-up company in the field of cyber security. We have a vision to list on Nasdaq in 2025.
What key growth triggers do you see for TAC Security in the next 4-5 years?
Our focus is to build a major team in the US, Europe, the Middle East and Australia. We are targeting great offers of $200,000 to $500,000 for ESOF VMP and ESOF AppSec and the ticket size for ESOF VMDR will be as small as $10,000 to $25,000 but a large number of customers. TAC Security is trying to build an ecosystem of technology and entrepreneurs to leverage a platform to identify and address a threat, with the help of a language of numbers (Cyber Score) that people understand at the board level.
Any plans for geographic expansion and addition of new products?
We are rapidly expanding and growing throughout the world and will soon open our office in Europe. As for our product blueprints, we have released two of them within our comprehensive portfolio, Enterprise Security in One Framework (ESOF), and have many others available online.
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