M&A

M&A

TAC Security to buy Greek crypto audit firm CyberScope

NSE Announcement   Inc42  

NSE SME-listed TAC Security is to buy a 60% stake in Cyprus-based CyberScope which specialises in smart contract audits and vulnerability assessment for blockchain-based applications.The turnover of the February 2023 founded CyberScope for the year ended December 2024 was USD 1,23 million. Its profit for the period was USD 645,924.Cyberscope is a crypto cybersecurity firm which aims to make web 3.0 a safer place for investors and developers. It specialises in smart contract audits. The firm claims to have performed more than 2,200 smart contract audits across all different networks like BSC, Ethereum, Solana, Polygon and AVAX.The acquisition is expected to add USD 1.2 million in revenue to TAC Security’s growth strategy. It will expand TAC Security’s client base to more than 6,000.