Texas is experiencing a surge of corporate relocations and expansions not seen in a long time. The companies that migrated to Texas came from 17 different states and three different nations. California had the most business migration, with 25 companies electing to shift their headquarters to Texas. The United Kingdom, followed by Israel, has the most international corporate relocations to Texas. There were 15 distinct industries represented among the enterprises that relocated to Texas. The leading industry to relocate to the state was technology, followed by manufacturing. In 2021, there were 95 Texas companies on the Fortune 1000 list. Texas enters 2022 as the world's ninth-largest economy. In this article we will come to know why Texas is becoming hub for pentesting companies.
Three key elements pushing relocation:
Tax policy: Business taxes in Texas are minimal, and there is no personal income tax. Texas currently has the lowest combined state and federal corporate tax rate in the country at 21%. In comparison to California's high tax rates, Texas is a far more appealing option for enterprises.
Low Cost of Living: The cost of living in Texas is low, as are utility and transportation costs. Furthermore, the entire procedure of acquiring land and obtaining building permission is fairly quick. Corporate rents in Texas are also lower than in other megacities.
Talent availability: With a graduation rate of 90%, Texas has one of the highest graduation rates in the country. From 2019 to 2022, Austin saw a 36.9% increase in tech talent. As the number of tech companies relocating to the state grows, so does the number of talented people in a range of fields. For the 9th year in a row, Texas leads the nation in high-tech exports, exporting $50 billion in 2021.
Top Tech Giants are Relocating to Texas
Oracle relocated its corporate headquarters from Redwood City to Austin in 2020. The corporation stated that it is part of their philosophy of providing flexible work locations to employees.
Tesla CEO Elon Musk is relocating the company's headquarters to Texas. Tesla is constructing a 7.9-million-square-foot Gigafactory that will employ approximately 5,000 workers.
Hewlett Packard Enterprise is relocating its headquarters from Silicon Valley to Houston. By the end of 2022, the new campus should be completed.
In the same location, Apple will set up its second-largest campus.
Rise in Cybersecurity Industry
The most cutting-edge businesses in the world are frequently located in Texas, and the state also serves as a draw for massive data center operations and the best cybersecurity talent. In reality, Texas is headquarters to some of the largest businesses in the world with operations in hosting and data centers, including AT&T, CyrusOne, and Rackspace.
According to Business Facilities' 17th Annual Ranking Report, Texas has the second-highest potential for cybersecurity growth in the United States.
Texas has also made national and global ranks for its expansion in data centers. Cushman & Wakefield's Global Data Center Market Comparison2022 ranked Dallas-Fort Worth as the #9 data center markets in the world. Data services and cybersecurity account for more than 130,000 Texas jobs, with individuals employed by at least 1,500 organizations that include penetration testing companies, MDR/XDR companies, SOC/SIEM companies etc.
The Following are the Texas's Most Promising Pentesting Companies:
Strobes Security: Strobes PtaaS expertise combined with the convenience of a SaaS delivery platform that enables real-time collaboration and quick response. Transition from ad-hoc Pentesting to continuous and on-demand Pentesting services to improve delivery.
ScienceSoft: ScienceSoft assists in the prevention of potential IT security breaches and the reinforcement of existing security safeguards.
Sanapptx: Sanapptx offers a network intended to test the security of a company’s internal network.
Birch Cline: Birch Cline providea an internal penetration test to assess your local network, wireless network security and physical safeguards or an external pen-test to assess your organization's attack surface.
Looking Forward To
With the rise of the cybersecurity industry in Texas, Pentesting has emerged as a critical tool for assessing web application, internal, and external network security. Strobes Security is pleased to be in Texas and willing to work closely with end customers from different industries and other cybersecurity firms. With the expertise of dealing over 150+ customers globally, we now have our resources on the ground to provide managed products and services to our end customers here in Texas.
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