TAC InfoSec Acquires Safehouse, Enters B2C Cybersecurity

Chandigarh, Jul 24 (PTI) Cybersecurity company TAC InfoSec Ltd will acquire 100 per cent of Israel-based Safehouse Technologies Ltd, marking its strategic entry into the business-to-consumer (B2C) cybersecurity segment, the company said on Friday.

Safehouse will become a wholly-owned subsidiary of TAC InfoSec Limited after the completion of the deal, the company said in a statement. Safehouse Technologies operates in the digital security and consumer cybersecurity space.

The acquisition consideration is proposed at Rs 1 crore, payable in a combination of cash and TAC Security stock. The transaction represents a significant expansion of TAC Security's cybersecurity platform from enterprise, government, and technology customers into the fast-growing consumer digital protection market, the company said.


As part of the proposed transaction, TAC will acquire Safehouse's intellectual property, including source code, product designs, trademarks, trade secrets, know-how, and other IP developed in connection with Safehouse's business.

Trishneet Arora, Founder and CEO, TAC Security, said, "TAC Security has built its global cybersecurity presence by serving enterprises, governments, and technology companies. With Safehouse, we are taking a strategic step into consumer cybersecurity."

Liad Herman, Co-founder, Safehouse Technologies, said, "Safehouse was built with the belief that digital security should be simple, accessible, and trusted by everyday users. Joining hands with TAC Security gives us the scale, cybersecurity expertise, and global platform required to take this vision to the next level. Together, we aim to build consumer cybersecurity products that can protect millions of users in India and across global markets."