Published by the ARN - 06 October 2020
Publicly-listed cyber security services provider Tesserent has revealed it won more than $6 million in federal, local and state government contract wins during the September quarter, while snapping up over $4 million in enterprise deals last month alone.
The company told shareholders in a market update that it had enjoyed a number of significant wins resulting from co-selling strategies between its business units over the past quarter.
These wins, the company said, underpinned the achievement of hitting its target of $100 million gross revenue annualised run rate.
Moreover, continued growth of the firm’s annual recurring revenue streams from new and existing locked-in annuity contracts are now in excess of $30 million per annum, Tesserent told shareholders.
The recent wins come as the company, which counts Cisco, Palo Alto Networks, Alien Vault and Sophos among its technology partners, integrates a number of recent acquisitions into its business.