Vijay Kedia Holds 10.95 Per cent Stake; Multibagger Cybersecurity Company Partners with Google for Mobile Apps Security Assessment – Stock Gains Over 550 Per cent!
In September 2024, the completed its acquisition of CyberSandia, a US-based cybersecurity firm with a statewide government contract in New Mexico.
Vijay Kedia-backed Small-Cap company is a global leader in cybersecurity and India's first publicly listed company in this field has announced a significant partnership with Google as an authorized lab for Mobile Apps Security Assessment (MASA) under the App Defence Alliance (ADA). This collaboration allows TAC Security to help developers and organizations meet Google's rigorous mobile application security standards, ensuring thorough testing for vulnerabilities and compliance with top-tier security protocols.
Before this partnership, TAC Infosec Ltd was already recognized as the sole preferred Assessor for Google's Cloud Application Security Assessment (CASA) Program.
Trishneet Arora, Founder, Chairman, and CEO of TAC Security, expressed enthusiasm about joining the ranks of Google-approved labs, stating that this opportunity could accelerate client acquisitions from a potential pool of over 10,000 developers on the Play Store. He also noted that the MASA service offers higher margins compared to cloud applications, promising improved profitability for the company.
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Google Play, hosting nearly 3.5 million Android apps, is increasingly focused on user privacy and security. The platform now requires developers to disclose how their apps handle user data, with non-compliant apps potentially facing removal from the Play Store. The MASA assessment, available exclusively through ADA Authorized Labs, allows developers to earn a security badge, enhancing user trust and increasing downloads.
In September 2024, TAC Security completed its acquisition of CyberSandia, a U.S.-based cybersecurity firm with a statewide government contract in New Mexico. The company also expanded its presence in the Middle East by acquiring TAC Cyber Security Consultancy L.L.C, its wholly-owned subsidiary in the UAE, to address the growing demand for advanced cybersecurity services in the Gulf Cooperation Council (GCC) region.
TAC Security aims to reach 3,000 clients by March 2025, continuing its trajectory as a leader in vulnerability management and security assessments.
Founded in 2016, TAC Infosec Ltd provides risk-based solutions for vulnerability management, assessment, cybersecurity quantification, and penetration testing through a SaaS model.
Today, the shares of TAC Infosec Ltd closed the day at around Rs 693 per share on the NSE. The company’s current market capitalization stands at Rs 726.24 crore. Additionally, the shares have delivered around 550 per cent compared to its IPO price of Rs 106 each.
Ace investor Vijay Kedia owns a 10.95 per cent stake in the company as per Q1 FY25.
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Investors must keep this small-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.