Tesserent Helps to Ward Off Hack Attacks

8th december 2015, The Australian, By Simon Hermann

In 2013, Scandinavia’s largest independent research organisation, SINTEF, reported that 90 per cent of today’s data has been created in the past two years. Software giant Oracle projects that data available to consumers will grow at a 40 per cent compound annual rate, reaching almost 45 zettabytes by 2020. With more and more businesses shifting to the cloud, consumer protection becomes increasingly important. No wonder then that concerns surrounding the privacy and safety of personal date abound.

While this trend provides opportunities for cloud computing and technology companies, one of the fastest-growing industries is cybercrime. These cyber-criminals have become an everyday part of the industry

Software companies across the world are developing ways to counteract these criminals and protect data. Several technology and software companies offer cyber security as a service.

Tesserent is the first pure play internet security company to list on the ASX. Tesserent aims to capitalise on the increasing volume of cybercrimes.

Tesserent has more than 190 clients in 11 countries and achieved total revenue of $3.7 million during the 2015 financial year. The company seeks to raise up to $7m in the initial public offer scheduled to conclude in February. The proceeds will be used to repay existing debt, fund domestic and international expansion as well as for general working capital.

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