The Tata Consultancies Pvt.
has signed an agreement to acquire Cyber Security Consulting Pvt Limited, a private cybersecurity consulting company, for an undisclosed amount, a company official said.
The acquisition of Cyber Security Advisors Pvt will help the Tata Consultants Group expand its presence in the cyber security field and further expand its reach in the global marketplace, said the official, requesting anonymity.
Cyber Security Advisory Group Ltd., which has worked with Tata Consultations for nearly a decade, has an estimated turnover of around Rs 3,000 crore.
TCS has been an investor in a number of cybersecurity startups in the past.
Cybersecurity advisory firm CSA was acquired by Microsoft in 2016 for Rs 1,000-1,500 crore.
Cyber security advisory firm Blackstone Group also partnered with Tata to build a cyber security product.
TCA has been a leading player in the cybersecurity space for more than a decade.
The deal is expected to close in the first half of 2021.
CyberSecurity Advisors, a non-for-profit, private cybersecurity consultancy firm based in Mumbai, has worked for more that three decades in India and across the globe.
TCP has over 50 employees.
It was founded in 2008.
It has an advisory arm, Cyber Security Services Pvt., which is responsible for cyber security consulting and research and development.
“This acquisition will provide Tata Consultance Group with additional expertise and expertise in cybersecurity, which is of paramount importance in a global market like ours,” said a Tata Consultation official.
The company is currently working on its global expansion strategy, which includes the acquisition of a global network of cybersecurity experts and a range of cyber security and IT services, the official said, adding that the acquisition will enhance TCS’ presence in cybersecurity and cyber security solutions globally.
CyberSec Consultants is a global firm with a presence in more than 50 countries.
The consultancy is one of the leading cyber security advisory firms in India with a network of more than 2,000 employees, a range in cyber security, cybersecurity solutions and consulting services, and has a staff of over 1,100 globally.
The CyberSec Advisors team has worked in more over 150 countries and is the leading global cyber security firm in India.
CyberSEC Consultants was founded by B.R. Narayanan, who was the Managing Director of Tata Consultant India (TCI), the global cybersecurity consultancy company which was spun off from Tata Consult Research & Development (TCR&D) in 2013.
TCI had over 500 employees and worked in 20 countries.