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TNT, TESSERENT LIMITED
nipper
post Posted: Aug 31 2020, 08:47 PM
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Key Highlights
● FY20 Financial Objectives achieved:
-- $43.8M Revenue per annum run rate achieved in FY20
-- Achieved quarterly EBITDA profitability for the FY20 June quarter
-- Cash flow from operations positive during the FY20 June quarter
● Acquisitions:
Phase 1 Acquisitions Completed: Rivium (completed FY20) , Pure Security (completed FY20) , North Security (completed FY20) , Seer Security (completed FY21)
Phase 2 Acquisitions Announced: Airloom (SPA signed FY21) , Ludus Cybersecurity (SPA signed FY21)
● First Acquisition Integration milestones achieved, including:
.. First cross-sales achieved
.. Single Finance Platform, Oracle NetSuite, rolled out across the Group
.. Rivium and the Tesserent MSSP/SOC absorbed into Pure Security

Including the new acquisitions, at the time of publishing this document, the Company:
- has an FY21 forward gross revenue runrate of circa $80M
- is cashflow positive;

and,
- is operationally profitable on a month to month basis
- has an ambition to get gross revenue runrate to in excess of $100M by December 2020




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Aug 26 2020, 11:35 AM
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TNT continuing its acquisition path.

Acquires Airloom kicking off Phase 2 of acquisition strategy

QUOTE
Airloom is a Sydney-based cybersecurity firm with a focus on security architecture and supporting organisations secure their journey to the cloud. The firm has a strong management team and an excellent operating record, with FY20 gross revenue in excess of $27M. Airloom is immediately earnings, cash flow and EPS accretive to the TNT Group, having achieved in excess of $2.7M EBITDA in FY20. Strong revenue and earnings are expected to continue into FY21. Importantly, the firm’s financial position is underpinned by multiple locked in, recurring multiyear annuity based contracts.

The acquisition is fully funded through Tesserent Acquisition Debt Funding Facility with PURE Asset Management (announced 20 July 2020). The consideration for the acquisition of Airloom is a mix of cash and TNT shares, being $6M cash and 40M shares, issued at a 30 day VWAP, subject to any necessary shareholder or other regulatory approval. The cash payment will be split over two payments, with $5M payable on completion and $1M upon achieving agreed key financial milestones.






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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 23 2020, 11:12 AM
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Cyber Enhanced Situational Awareness and Response

https://www.homeaffairs.gov.au/cyber-securi...-iap-report.pdf

QUOTE
The 56 page report calls for increased government investment in the Joint Cyber Security Centre program. Federal agencies spend on average about 6 per cent of their ICT budget on security. Leading jurisdictions, such as Singapore and Israel, spend about 10 per cent.

The panel also said there was a clear need for a mechanism between industry and government for real-time sharing of threat information, beginning with critical infrastructure operators. The government should also empower industry to automatically detect and block a greater proportion of known cyber-security threats in real time. .




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 23 2020, 11:09 AM
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In Reply To: nipper's post @ Jul 23 2020, 11:07 AM

Tesserent, Australia’s largest ASX listed cybersecurity provider, is on track to deliver on our strategy to provide clients with a full suite of cybersecurity services: Cyber 360.

Tesserent has grown by acquisition, recently stating "our strategic goal [is] to become Australia’s #1 ASX listed Cyber Security provider."

April 2019, saw the acquisition of Melbourne-based Rivium who specialise in consulting, implementation and managed services for the enterprise security solution Splunk.

The acquisition of PS&C Security (now known as Pure Security) was announced in October 2019 complementing the Tesserent offerings with penetration testing, secure application development and security advisory services.

Canberra-based north joined the TNT group in December 2019 bringing expertise in cybersecurity, governance, risk and compliance (GRC), project management and DevSecOps and digital transformation. north also bring extensive experience working with government.

And today
Tesserent Limited (ASX:TNT) is pleased to announce the strategic acquisition of Seer security’s Melbourne and Canberra-based businesses with the signing of a binding Share Purchase Agreement executed between both parties.
QUOTE
- Acquisition servicing Federal Government departments and agencies (including Defence and Law Enforcement agencies)
- Tesserent now Canberra’s largest pure cybersecurity provider
- Acquisitions targeting the newly announced $1.35B Cyber Enhanced Situational Awareness and Response budget
- Immediately revenue and earnings accretive with FY20 revenue of $7.6M and $2.2M EBITDA
- Significant fixed long-term contracts with multiple Federal Government departments and agencies




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jul 23 2020, 11:07 AM
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Tesserent provides a comprehensive suite of products and services to keep our customer’s networks secure. We do this by providing world-class perimeter protection, internal monitoring and alerts, secure internet connectivity and co-location.

Network Perimeter Security
Utilising Palo Alto's next-generation firewall and Tesserent's proprietary Firewall we provide a world-class managed security service to suit the needs of each individual customer.

Internal Network Security
SIEMplicity is Tesserent's Managed Security Information and Event Management service. SIEMplicity, powered by AlienVault's Unified Security Management (USM) architecture identifies threats within the network, allowing Tesserent to halt internal threats in their infancy.

Tesserent's 24/7/365 response from our team of security experts ensure your network is protected when you're at work and more importantly, when you're not.

Internet Connectivity
Tesserent provides high speed, secure internet connectivity to single and multi-site networks.

Utilising leading technology, including SD-WAN, we are able to provide your business with a cutting-edge network design and infrastructure.

Data Storage - Colocation
Tesserent has Secure co-location facilities at Australia’s leading and most secure co-location data centres.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



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