Tesserent Ltd Company Profile

Consolidation opportunity within a highly fragmented market

Tesserent is on track to become cash-flow positive by executing its organic growth and acquisition strategy.

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    Tesserent Ltd
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Company Overview

Tesserent is expected to become the largest pure-play cybersecurity company listed on the ASX. From their Special Operations Centre (SOC) in Box Hill, Tesserent offers customers world-class managed security services on a 24/7/365 basis.

Tesserent is aiming to continue growing organic revenues by offering additional services such as its Cyber 360 offering targeted at the under-serviced mid-market. Tesserent also intends to generate further operational efficiencies via continued acquisitions within the highly fragmented domestic cybersecurity market.

Tesserent is expecting to reach a positive cash-flow position in the near-term.

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High growth opportunity in the highly fragmented domestic cyber-security market

Tesserent is tracking towards cash-flow positive while growing top-line revenues via organic growth and acquisition.
World-Class Facilities

Tesserent use their Security Operations Centre (SOC) located in Melbourne to provide highly secure and managed cyber-security solutions 24/7/365.

Ripe For Consolidation

As an ASX-listed vehicle, Tesserent has the opportunity to continue making EBITDA accretive acquisitions within the highly fragmented cybersecurity market.

Organic Growth

Tesserent's new Security-as-a-Service go-to market approach, Cyber 360, offers 17-integrated solutions and is expected to produce organic growth.

Acquisition Strategy

Tesserent has acquired Rivium and has also entered into an agreement to acquire Pure Security (Previously PS&C Security) which will significantly increase revenue and EBITDA. Furthermore, the Pure Security acquisition will result in the recruitment of new key talent, including staff that are highly trained and skilled in cybersecurity sales. Thus, the ability for Tesserent to cross-sell other cybersecurity services across its increased customer base will be greatly enhanced.

Pure Security Acquisition

Click here to learn more about the Pure Security acquisition

New Go-To Market Strategy

Tesserent has increased the services it offers and is rolling out its new Cyber 360 service targeted at the mid-market. This new go-to market approach is expected to generate continued organic growth and will become one of the driving forces behind Tesserent's push towards becoming cash-flow positive.

Latest presentation

Click here to download Tesserent's latest presentation

Growing Capabilities

Tesserent already provides world-class managed security services based on its wholly-owned proprietary security platform and other specialised technologies from the world's leading security vendors. However, as a listed entity, Tesserent has the opportunity to become a vehicle for additional value accretive acquisitions. Therefore, Tesserent will also have ample opportunity to continue enhancing its capabilities and solidifying its position as the go-to cybersecurity solutions firm.

Increased Sales

By offering new services, Tesserent has captured additional cybersecurity sales for each existing customer. This increase is reflected in Tesserent's average contracted revenue per customer which has increased from A$54,000 to A$125,000 during FY18/19. A strategic focus on larger organisations has also increased the average contracted revenue per customer.

Contracted Revenues

Read more about the growth in contracted revenues from Tesserent's quarterly report

Clock icon Information current at 14 November 2019

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