Tesserent Limited – Initial Public Offering on the ASX to Raise up to $7.0m

Overview

• Tesserent provides Internet security services to help organisations defend against cybercrime. Tesserent has developed a security infrastructure platform, known as the MSSP Platform, which enables delivery of Security-as-a-Service (also known as SECaaS) on a subscription basis to small and large organisations to protect their computer networks.
• Tesserent directly provides Security-as-a-Service to customers in Australia and internationally, and has also licensed the technology to Channel Partners in Hong Kong, South Korea, United Kingdom, and the UAE, who in turn provide Security-as-a-Service to their own customer bases.
• Tesserent and its Channel Partners provide Security-as-a-Service to over 190 organisations and have customers in 11 countries and territories. Customers in Australia include organisations such as BMW, Toyota, Nintendo, The Good Guys, Reece, and Maxitrans.
• As part of the Offer the Substantial Shareholders have provided firm commitment letters to subscribe for Shares under the Offer in the aggregate amount of $610,855. The Shares issued under the firm commitment letters will be offset against loans owed by Tesserent to the Substantial Shareholders.

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