Ann: Half year results commentary, page-36

The email appears to be this one:-


INVESTOR ROADSHOW - MARCH 2017

Good afternoon,

NWR Communications will be roadshowing managed security services provider Tesserent Ltd (ASX: TNT) through Sydney on Tuesday March 14, 2017.

Tesserent is Australia’s leading SMA cybersecurity service provider and listed in February 2016 at $0.20/share, raising $7 million. The company is accelerating growth via a number of direct and channel partner pathways and is building scale in one of the fastest growth industries in Australia. Half yearly revenue reported up 9.3% to $2,524,343. $1.9M cash with $2.5M due May 31st .

Shares on Issue: 115.3 million
Market Cap: $13.84 million

Company Snapshot

• Tesserent Limited is an ASX-listed Software & Services Company providing world-class managed security services to a wide range of Australian and international customers.
• Tesserent has a MSSP Platform, enabling the delivery of Security-as-a-Service to small and large organisations’.
• Tesserent has appointed Channel Partners that use the MSSP Platform to deliver Security-as-a-Service to their own customers.
• In Australia, Tesserent’s customers currently include BMW, Toyota, Nintendo, The Good Guys, Reece and Maxitrans.
• Industry sectors serviced by Tesserent include education, financial services, transport, healthcare, religious institutions, logistics, retail, government (federal, state and local), and professional services.

Investment Proposition

• Market Position
  - Tesserent and its Channel Partners provide Security-as-a-Service to more than 350 organisations located in 11 countries and territories.
  Australian organisations currently serviced by Tesserent include BMW, Toyota, Nintendo, The Good Guys, Reece, and Maxitrans.
• Scalable Sales Channel Model &  Technology
  - The MSSP Platform can be delivered to organisations as a cloud service, which makes it highly scalable since cloud computing allows a business to easily upscale or downscale its IT requirements as and when   required.
  - Indirectly this provides Tesserent with the opportunity to generate revenue from a wider range of potential organisations than Tesserent could achieve with its own sales resources.
• Subscription Model
  - Tesserent generates recurring revenues as a result of the sale of Security-as-a-Service under a subscription model.
• Existing Security Data Supplier Relationships
  - Tesserent has important global relationships with leading software security data providers including companies like Cisco, Spamhaus, SURBL., and others.
• Highly Experienced Management and Board
  - Tesserent has a highly experienced management team and board with global and industry-relevant experience.

December Quarter Highlights

• Revenue in FY2016 up 30.2% to $4.7 million
• Revenue in December Quarter 2016 up 24% QoQ to $1.537 million
• Sold Sonar/MyNet IP to Family Zone (ASX : FZO) for $3.8m
• Signed strategic deal with Dell Financial Services
• Signed 47 US schools with more to come via channel partner
• Annuity fee based model
• New Melbourne based Cyber Security Ops Centre established
• Cash position December 31: $1.9 million

To express your interest in a meeting, simply reply YES to this email or contact:

Peter Taylor
NWR Communications
0412 036 231
[email protected]