News and Announcements
Tesserent Completes Sale of Education-Focused IP for $3.8M in Cash & Shares
- Published December 16, 2016 2:57PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
16th December 2016 – ASX Announcement
Tesserent Ltd (ASX: TNT), a specialist in managed cyber security, is pleased to announce that it has completed the sale sale of Sonar/MyNet IP to Family Zone Cyber Safety Ltd (ASX: FZO) for $3.8m, consisting of $3.5m cash and $0.3m in FZO shares.
Substantial cash injection of $3.5m allows Tesserent to optimise market opportunities by making investments in its managed security service platform.
Tesserent continues to sell and support Sonar/MyNet in Australia and New Zealand.
To view the full announcement please click on the button below.
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