News and Announcements
Tesserent Sale of Sonar/MyNet IP
- Published November 09, 2016 10:50AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
8th November 2016, ASX Announcement
- Tesserent sells Sonar/MyNet IP to Family Zone Cyber Safety Limited (ASX:FZO) for $3.8m, consisting of $3.5m cash and $0.3m in FZO shares, subject to condition precedent.
- Tesserent continues to sell and fully support Sonar/MyNet services globally and has been appointed as the exclusive reseller of Sonar/MyNet in Australia.
- Tesserent retains existing education client base and remains focused on education-sector.
- Substantial cash injection of $3.5m allows Tesserent to optimise market opportunities by making significant investments in its core business as a managed security service provider.
- Sonar/MyNet sale significantly reduces Tesserent’s overheads for the continued development of the software, through headcount reduction.
- Model allows Tesserent’s offering to scale profitably on a variable-cost, on-demand basis.
- Tesserent and Family Zone’s working relationship provides an exciting opportunity to expand the cyber safety market, with technologies designed for use within schools and the home environment.
To view the full announcement, please click on the button below.
Company Updates
BlackRock has named the next Economy. What this latest paper means for Private Market Investors.
BlackRock has put a name on something the smart money has been circling for two years. Its digital assets research team calls it the machine-native economy. The thesis fits in one line. AI is machine-native intelligence. Digital assets are machine-native money. Both are built on the same architecture, and they are converging into a single […]
Where’s the beef? Blackstone just answered the AI question.
In 1984, a fast food ad asked a question that became a catchphrase. Where’s the beef? Jon Gray, President of Blackstone, used that line this month in front of global LPs. It is the question every capital allocator is asking about AI. Trillions of dollars are going into chips, data centres and power. That is […]
The Best of Both Worlds: How Omnique Fund is Rewiring Real World Assets via Tokenisation
For decades, the playbook for Australia’s wholesale investors has remained relatively unchanged: pick between the slow-moving, illiquid reliability of tangible assets like property and gold, or chase the frictionless, high-velocity liquidity of public equity and digital markets. But as macroeconomic volatility spikes and a structural housing deficit reshapes private debt demand, sophisticated investors are demanding […]
Backed By Leading Investment Groups and Family Offices
