Following its Initial Public Offering (IPO) in 2016, Tesserent operated primarily as a Managed Security Services Provider (MSSP) delivering services from its ISO-certified Security Operations Centre (SOC) to medium-sized enterprises, local government and educational institutions.

FY19 saw the introduction of Tesserent’s new Cyber 360 strategy, which included growth through strategic acquisitions. A January 2020 Board refresh, which included the appointment of Geoff Lord as Non-executive Chairman, Patrick Flannigan as Non-executive Director and Kurt Hansen as Executive Director, was a key element in driving Tesserent’s new strategy.

Strategic acquisitions include:

  1. Rivium specialises in consulting, implementation and managed services for the enterprise security solution Splunk. Completed in July 2019.

  2. Pure Security complements Tesserent’s offerings with penetration testing, secure application development and security advisory services. Completed in December 2019.

  3. North Security brings expertise in cybersecurity, Governance, Risk and Compliance (GRC), project management and digital transformation to Australian Federal Government departments and agencies including Defence and Law Enforcement. Completed in March 2020.

  4. Seer Security provides specialist high-security services and delivery capabilities to Australian Federal Government departments and agencies including Defence and Law Enforcement. Completed in August 2020.

  5. airloom, a Sydney-based cybersecurity firm with a focus on security architecture and cloud migration services. Completed September 2020.

  6. Ludus Cybersecurity rounds out Tesserent’s standing as the largest end-to-end cybersecurity services provider in the Canberra market. Completed in September 2020

  7. iQ3 Secure Cloud Services materially complements Tesserent’s Cyber 360 strategy and represents a significant step forward in Tesserent's ability to provide a full end-to-end cyber service, and has a significant presence in the NSW Government.

  8. Lateral Security is a cybersecurity consulting firm headquartered in Wellington, with additional offices in Auckland and Christchurch specialising in providing advisory, security testing, incident response and managed services. This acquisition complements the Company’s existing New Zealand joint business with Optic Security and creates significant cross-sell opportunities between the two firms.

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