Tesserent to acquire Asta Solutions
Tesserent to acquire innovative managed IT service provider Asta Solutions
Tesserent is pleased to announce that it will be acquiring innovative ICT company, Asta Solutions Pty Ltd (“Asta”). Asta is an Australian-based business with more than 200 clients serviced by around 85+ staff from offices in Melbourne, Sydney, and Auckland. Asta has developed significant expertise in a number of areas important to Tesserent's strategy, including cloud technologies, managed services, and blockchain application development. The acquisition fulfils a key strategic need and will underpin the next stage of the company's growth.
Keith Glennan, Founding CEO of Tesserent said: “This is an important step forward for Tesserent. Having worked with Bill and his team since last year, we are confident that this transaction will result in a business that is uniquely placed in the market and will generate significant long-term value for our clients and shareholders.”
Bill Angelidis, CEO of Asta commented: “We are thrilled to join the Tesserent team. Security has been a missing piece from our strategic vision. I feel like this is a 20 year dream come true, and am excited about what we will achieve together!”
Furthering Tesserent’s successful strategic initiative to expand into the growing market for secure managed networks, the company recognised the need to address security in related high-growth market segments such as cloud and blockchain. By deploying core security technology throughout the fabric of a customer’s IT infrastructure, Tesserent strengthens its position as “trusted partner” with its customers. Over a 19-year period, Asta has also built deep trust relationships with its customers and assists those customers with the roll-out of new technologies. With the adoption of new technologies, security is often a major consideration. The new joint business will be able to offer a breadth of technology, underpinned by deep security expertise.
Tesserent initially partnered with Asta in November 2017 as a first step in exploring this shared strategy. In working together, the two companies have been able to develop and validate a business model around the two companies' complementary technologies and skill sets.
Synergies expected from the combined businesses will include;
- highly complementary suite of end-to-end managed IT and cyber security service offerings;
- significant operational efficiencies;
- improved customer service; and
- enhanced workforce capability and alignment.
Both organisations have a strong track record of innovation. Future innovation will focus on cloud facilitation, blockchain development, further development of Tesserent's core security platform, and the deployment of cutting-edge software-defined networking solutions.
Supporting the strategic and tactical synergies, the acquisition will also provide for increased staff career development and recognition opportunities.
ABOUT ASTA SOLUTIONS
Founded in 1999, Asta has grown to be a leading end-to-end IT services provider across Australia and New Zealand. With a solid track record of business growth, underpinned by a strong people culture and excellent relationships with clients and business partners, Asta has flourished into a high- growth IT specialist. The CEO Bill Angelidis will join the Tesserent Board as part of the transaction.
Tesserent is a specialist in managed cyber security and networking. Tesserent provides enterprise- grade managed cyber security and networking services to corporate customers in Australia and overseas. Tesserent also provides innovative cyber-security services to small-medium businesses via the CyberBiz suite of services.