News and Announcements
Tesserent Completes Acquisition of Blue Reef Business
- Published May 26, 2016 4:52PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
26th May 2016, ASX Announcement
Tesserent Limited (ASX: TNT) is pleased to announce that it has successfully completed its acquisition of the business of the Blue Reef Pty. Ltd. (Blue Reef), a leading provider of cyber-security solutions in the education market, in accordance with the terms set out in its announcement to ASX dated 6 May 2016.
The acquisition strengthens Tesserent’s market position by adding more then 150 new clients to its existing customer base as well as boosting Tesserent’s sales, development, and operational capabilities. In addition to the expected increase in revenue and earnings, the acquisition delivers a strong pipeline of new business opportunities, both in Australia and internationally.
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