News and Announcements
Tesserent Framework for Accelerated Growth has Been Established
- Published October 12, 2016 3:59PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
KEY POINTS
- FY 2016 revenue up 30.2%, to $4.7 million.
- Assets and business of Blue Reef acquired and merged with existing education business.
- The education sector is a global growth opportunity and a channel partner has been secured in the US.
- Key sales and marketing appointments in the June quarter.
- Sales professionals now located in Melbourne, Sydney, Brisbane and Singapore.
- Infrastructure and resources now in place to build sales momentum.
- Contracted annuity income in place equivalent to 25% – 30% of our forecast FY 2017 revenue.
INVESTMENT PROPOSITION
Tesserent is in the rapid ramp up phase of commercialising its cyber security platform on a global scale. The focus is now on driving customer acquisition and building scale in this large and fast growing industry.
With the sales and marketing team now in place, sales momentum will build through FY 2017.
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