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
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