Melbourne Security Reseller Tesserent Stealthily Builds US, UK Empire

29th November 2016, CRN By Samira Sarrraf

Melbourne-based network security provider Tesserent is quietly building a security empire that stretches all the way from Australia to and the UK and the US.

Tesserent has been on a growth tear since it went public on the ASX in February 2016. It was understood to be the first such cybersecurity firm to IPO in Australia and its vendor partners include Cisco’s Sourcefire and Kaspersky.

The company acquired 150 education-focused customers and the intellectual property assets of Victoria-based software company Blue Reef in May for $1 million cash and $2.5 million in shares. Tesserent then offloaded the IP six months later for $3.5 million in cash and $300,000 in shares, and kept the customers.

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