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Corporate Spotlight

Robust security requires smart solutions at each layer of your network. Tesserent offers world-class managed security at your network perimeter, internal behavioural monitoring and end-point device protection.
Our team of Security Engineers design your security architecture and monitor your network
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Tesserent Testimonial - Frankston City Council


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ASX Announcement 29 March 2019

  • Tesserent raises a further $565,000 following strong demand from investors on the back of the company’s oversubscribed capital raising earlier in March 2019 
  • The funds raised will be used to accelerate numerous acquisition opportunities in the security sector 
  • The company has raised a total of $2.25 million this calendar year to expediate growth

Tesserent Limited (ASX: TNT, Tesserent) is pleased to announce that it has successfully raised a further $565,000 to accelerate acquisition opportunities in the cybersecurity sector.

The private placement of 11.3 million shares was priced at $0.05c per ordinary share, a 11% discount to the five-day VWAP. Those who participated in the raising also received one 12-month call option exercisable at $0.05 for each ordinary share. The placement was supported by several existing shareholders as well as new sophisticated investors.

The capital raising follows the company’s recent announcement to the market (11 March 2019) advising that it had successfully raised $1.1 million by way of private placement. In the calendar year to date Tesserent has raised a total of $2.25 million. 

The new placement will support Tesserent’s accelerated growth strategy, with numerous acquisitions being actively negotiated. The company is aggressively pursuing due diligence on these acquisition opportunities, while supporting growth in the core business as Tesserent’s artificial intelligence platforms continue to be adopted by new customers.

The capital raising program and acquisition strategy is part of a significant restructuring process being undertaken by Tesserent, with the intent to become operationally cash flow positive going forward during FY19.

Julian Challingsworth, CEO of Tesserent said: “Following significant interest from investors we have been able to raise additional funds to support the business as it accelerates its acquisition focused growth strategy. We are pleased that the company’s strategy and recent initiatives have been endorsed by the market and that Tesserent is gaining traction as we move to deliver on the key strategic steps that will accelerate us toward a cash flow positive position. The funds raised will allow us to move quickly in exploring and executing on the high-value opportunities we’ve identified in the security space.”

Key Staff Change 

Keith Glennan is no longer employed by Tesserent Ltd or its subsidiaries. The company thanks him for his contribution and wishes him well in his future endeavors.

Asta Acquisition Update 

The company wishes to advise that the acquisition of end-to-end IT services provider Asta has been halted. With numerous acquisition opportunities in the pipeline Tesserent made the decision to place the transaction on hold with the potential to revisit it in H2 CY19.

Click here to view the full announcement 


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Tesserent - Passionate about security

Our team of Security Engineers design your security architecture and monitor your network 24/7/365.

What is a channel partner – International and CyberBiz

  • Tesserent generates revenue either directly through clients, or through channel partners.
  • We examine the different types of channel partners and how these relationships are mutually beneficial.

Managed security as a service – Industry overview

  • For protection against cyber attacks business can either directly employee staff to work for the company, or alternatively outsource to third parties or what is otherwise known as Managed Security-as-a-Service.
  • We review the benefits of the industry, its size, trends, future potential and Tesserent’s position.

Cyber security industry – Market overview

Review of the current size and future potential of the global cyber security industry.


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Valuation Analysis

  • We initiate coverage on TNT with a valuation of $0.25 / share.
  • This video reviews our sale, revenue, costing assumptions as well as the valuation methodology applied.

Risk – Are cyber attacks impossible to stop?

  • Despite millions of dollars being spent on cyber security by Government & major organisation cyber attacks on these groups is common, which leaves the rest of the market to wonder how they could protect themselves from attacks.
  • We discuss with Tesserent how business can best protect themselves from cyber attacks and if there is a breach what steps should be taken.


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What is the MSSP platform?

  • Tesserent has developed the MSSP platform, which addresses the primary security functions of an organisation’s computer network, and includes features such as a firewall, content inspection and intrusion detection.
  • We discuss with the company further what the platform is and who it works.

Cyber threat to SME & CyberBiz

  • SME are increasing under threat of cyber attacks and are arguably more affected as an estimated 60% of SME go out of business within 6 months after an attack
  • In response to this growing demand Tesserent has launched their CyberBiz product, aimed specifically at SME organisation initially in Australia.
  • TNT will use channel partners to help promote their CyberBiz product to business.

Privacy Amendment Act – What does it mean for Australian businesses?

  • The Australian government recently passed the Privacy Amendment Act of 2017 which went into effect in February 2018.
  • We examine how this legislation will potential effect Australian businesses.


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Board of Directors

Board of Directors - Russel Yardley

Robert Langford
Non-Executive Director and Chairman
Qualifications – BSc Computing

Robert has over 40 years of IT experience, starting his career as a Cobol programmer with Royal Insurance in Melbourne, through to roles as senior system architect and project director with Mobil Oil in the UK European mainland during the early 90’s. Since 2002 Robert has owned and run various business in Australia ranging from IT to cattle farming. Robert was a founding partner of Tesserent Australia Pty. Ltd


Tesserant Board of Directors - Julian Challingsworth

Julian Challingsworth
Chief Executive Officer
Qualifications – MBA Organizational Consulting, BBA, GradDip IT.

Julian served as a Managing Director and Partner of The Litmus Group for over 10 years and a board member of PPB Advisory. Julian was a Director of Cordence World Wide a global consulting partnership with 2,800 consultants across 60+ locations. Julian worked with the international team to develop sales and growth strategies for the 8 member firms.


Board of Directors - Gregory Baxter
Gregory Baxter
Non-Executive Director
Qualifications – BSc MBA

Board member since 2015. Greg is currently Global Head of Digital at Citibank, leading Citi’s digital transformation across businesses and geographies.

He specialises in the development and delivery of digital strategy, corporate innovation and business transformation.

He has held senior business, consulting and technology roles across Asia, Europe and North America, with a track record of high-impact business results. Previously Gregory was a Partner and U.K. Board member at Booz & Company (formerly Booz Allen Hamilton), where he held leadership roles across the financial services, public sector and digital practices.

Prior to this he was a senior project and product manager with IBM, delivering large scale systems integration projects in financial services and managing the product lifecycle of leading market solutions. He is a regular speaker on digital strategy and technology, and the impact of disruptive innovation on business. Greg is a council (board) member of Chatham House (Royal Institute of International Affairs), a leading international affairs think tank.

He holds a BSc from Monash University and a MBA from the University of Melbourne, and has been a guest lecturer on strategy at the University of Oxford, New York University, and American University (Washington).

Board of Directors - Steve Bertamini

Stefano (Steve) – Bertamini
Non-Executive Director
Qualifications – BBA MBA

Board member since 2015. Steve is currently Chief Executive Officer of Al Rajhi Bank, a bank with total assets in excess of US$70 billion.

Steve previously held the position of Group Executive Director and CEO for Global Consumer Banking at Standard Chartered Bank.

Prior to this Steve’s roles included: Group Executive Director and CEO Consumer Banking at Standard Chartered Bank; Chairman & Chief Executive Officer of GE North East Asia; Chief Executive Officer and President of GE (China) Co. Ltd; Chief Executive Officer of GE Australia and New Zealand; President of GE Capital Asia; and Managing Director of GE’s Consumer Finance business in Asia.

Steve has a BBA, Finance and Management from The University of Texas at Austin and an MBA, Finance and International Banking from University of North Texas.

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