Tesserent has confirmed to that funds raised pursuant to the...

Tesserent has confirmed to that funds raised pursuant to the Offer will be used to:
- Focus on growth of the Channel distribution strategy for CyberBiz growth;
- Appoint Channel Managers to work closely with key partners and assist with go to market strategy;
- Embed Cyberbiz within the Channel as the core go to market managed security solution;
- Resource the marketing team to continue the drive in lead generation activities for both direct and Channel partners;
- Strategically enable the business to focus on developing wholesale partnering opportunities similar to the existing "while labelled" offerings already existing in countries including Korea and UK;
- Continue the development of Tesserent’s core technology based on market requirements;
- Expand the sales team with a focus on Tesserent’s existing enterprise client market in both security and secure connectivity;
- Exploit the demand generated from the compliance obligations that will impact all businesses including Tesserent’s targeted SMB's from the Notifiable data breach legislation; and
- For working capital and general corporate purposes.