| 0 |
|
Column 1 |
| 0 |
|
Column 1 |
| 0 |
Good afternoon,NWR Communications is taking Tesserent Ltd (ASX: TNT) on its first broker roadshow since ASX listing, 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 31stShares on Issue: 115.3 millionMarket Cap: $13.84 millionCompany 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
- Cash position December 31: $1.9 million plus $2.5M cash due May 31st
- 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
|
|
|
