TFS

What TFS does

TFS (Technical Financial Solutions) is a privately held, founder-owned IT auditing and cybersecurity consulting firm founded in Greensboro, North Carolina in 2008 by Tony F. Scott. The firm delivers professional services across six core offerings: Security Risk Assessment (covering over 50 controls aligned to the HIPAA Security Rule), HIPAA Privacy Assessment, Vulnerability Management, Penetration Testing, Email Phishing Simulation, and CPA Partnering for IT General Controls. Underlying delivery relies on the Qualys cloud security platform for vulnerability scanning, leading phishing simulation software for security awareness testing, and custom penetration testing scripts designed per client. The firm serves four primary verticals — Healthcare, Insurance, CPA Firms, and Automotive — and reports over 130 clients across 18 US states.

TFS operates a sales-led, direct enterprise go-to-market with free consultations as the primary lead conversion mechanism and both virtual and in-person service delivery. Revenue is generated through project-based professional services engagements with periodic assessment cycles (security audits recommended annually, privacy audits every three years) and multi-year contracts. A distinctive channel is the CPA firm partner model, in which TFS functions as an outsourced IT general controls testing provider enabling accounting firms to rely on client systems during financial statement audits. The firm is bootstrapped with 1-10 employees and 80+ combined years of team experience, and is led by founder Tony F. Scott, who also speaks at industry conferences to build visibility. There is no disclosed revenue, no external funding, and no AI/ML capability embedded in the service stack.

Name

TFS

Legal name

Technical Financial Solutions

Website

https://tfsus.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1–10 employees

Short description

TFS (Technical Financial Solutions) is a bootstrapped, founder-owned IT auditing and cybersecurity consulting firm founded in 2008 in Greensboro, NC. It delivers HIPAA-aligned security risk assessments, vulnerability management, penetration testing, phishing simulation, and CPA-firm IT controls testing to healthcare, insurance, automotive, and CPA clients across 18 US states.

Ownership category

akta.pro rank

Product category

Cybersecurity and IT Auditing Services

NAICS

Investigation and Security Services (5616)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Penetration Testing Platforms (PTaaS) (HDADAHAG)

akta.pro secondary industry

Third-Party & Supply Chain Risk Management (TPRM) (HLACAJAK)

Keywords

• IT security auditing
• HIPAA compliance assessments
• Vulnerability management services
• Penetration testing services
• Phishing simulation training

Headquarters

HQ city

Greensboro

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. IT Auditing and Security Assessment Services: Professional services including security risk assessments, HIPAA privacy assessments, vulnerability management, penetration testing, and email phishing simulation. Services are delivered project-based with periodic assessment cycles (security audits recommended annually, privacy audits every three years).
2. CPA Partnering - IT Controls Testing: IT general controls testing services for CPA firms, enabling auditors to rely on client systems for financial statement audits. TFS operates as a 'friend of the firm' serving CPA firm clients.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

TFS provides professional IT auditing and cybersecurity assessment services to healthcare, insurance, automotive, and CPA firm clients. Its core offerings include HIPAA-aligned Security Risk Assessments covering 50+ controls, HIPAA Privacy Assessments, vulnerability management scanning, penetration testing of networks and applications, monthly email phishing simulation with integrated awareness training, and IT General Controls testing for CPA firm financial audits.

Product overview

TFS (Technical Financial Solutions) offers a unified cybersecurity and compliance service portfolio targeting healthcare, automotive, insurance, and CPA firm industries. The company's services include Security Risk Assessment as a foundational HIPAA compliance offering covering over 50 controls, HIPAA Privacy Assessment for regulatory documentation, Vulnerability Management powered by Qualys technology, Penetration Testing for simulated attack assessment, Email Phishing Simulation for security awareness training, and CPA Partnering for IT General Control audits. These services are delivered as integrated consulting engagements rather than a modular software platform, combining assessment, testing, and reporting capabilities to help clients meet regulatory requirements and strengthen data security programs.

Differentiator

Problem solved

Functional benefit

Products and services

• Security Risk Assessment A comprehensive HIPAA Security Risk Assessment covering over 50 controls along with vulnerability scanning, designed to be an integral part of ongoing security risk management programs for healthcare covered entities and business associates.
• HIPAA Privacy Assessment An audit approach to document compliance with HIPAA privacy regulations, consisting of on-site fieldwork, documentation analysis, privacy risk analysis, mitigation documentation review, and workforce interviews.
• Vulnerability Management Global visibility vulnerability scanning service using Qualys software to identify vulnerabilities and threats, providing accurate assessments of potential risks related to sensitive electronic information.
• Penetration Testing Authorized simulated attack testing on computer systems, networks, and web applications to identify vulnerabilities that an attacker could exploit, enhancing established security measures.
• Email Phishing Simulation Integrated training service deploying and tracking simulated phishing emails to condition and measure users' security awareness, with customizable integrated web-based security awareness training modules.
• CPA Partnering - IT Controls IT general controls testing partnership with CPA firms, providing a basis for reliance on client systems and helping communicate system control deficiencies with confidence during financial audits.

Quantifiable outcome

• Data breaches hit record high, increasing 40% over last year (industry statistic supporting TFS value)

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• Coalfire: Coalfire is a cybersecurity advisory and assessment provider with deep HIPAA, HITRUST, and penetration testing practices serving healthcare and financial services. It competes head-to-head with TFS in regulated-vertical security assessments.
• Bishop Fox: Bishop Fox is an offensive-security boutique specializing in penetration testing, red teaming, and vulnerability research. Its pen-testing-led service portfolio directly mirrors TFS's penetration testing offering.
• A-LIGN: A-LIGN is a cybersecurity compliance audit firm providing HIPAA, HITRUST, SOC 2, and penetration testing services to regulated enterprises. It directly competes with TFS in healthcare compliance audits and IT controls assessments.
• Schellman Compliance: (Alias consideration — folded into Schellman & Co above.)
• Schellman & Co: Schellman is a top-tier cybersecurity assessment firm offering HIPAA, SOC, ISO, and penetration testing. Its compliance-audit-led model and mid-market enterprise focus directly overlap with TFS's positioning.

Broad incumbents

• Rapid7: Rapid7 is a scaled cybersecurity platform offering vulnerability management (InsightVM) and penetration testing services. It competes with TFS via a product-led, automation-driven approach rather than bespoke consulting.
• Trustwave: Trustwave is a global MSSP and cybersecurity consulting firm offering HIPAA compliance, pen testing, and vulnerability management to enterprises. It competes with TFS at the larger end of the healthcare market.
• NCC Group: NCC Group is a global cybersecurity consulting firm with deep penetration testing and compliance assurance practices. It serves as a scaled, internationally diversified analog to TFS's niche boutique.
• Optiv Security: Optiv is a large cybersecurity solutions integrator offering advisory, pen testing, and managed security services across regulated verticals. It competes with TFS for mid-market and enterprise security budgets.

Emerging players

• Synack: Synack operates a tech-enabled penetration testing platform combining automated scanning with a vetted crowd of human testers. It competes with TFS by offering on-demand, platform-delivered pen testing at scale.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TFS