Proactive Investors - Run By Investors For Investors

Tesserent signs three-year, $3 million agreement with leading Australian logistics company

The new agreement represents over 190% total value on the existing contract.
Tesserent signs three-year, $3 million agreement with leading Australian logistics company
Tesserent provides perimeter protection, internal monitoring and alerts, secure internet connectivity and co-location

Tesserent Ltd (ASX:TNT) has signed a three-year $3.06 million heads of agreement (HoA) with a leading Australian transport and logistics company.

The agreement marks a milestone in the company’s strategic growth in high-end enterprise solutions and the contract will begin this month to deliver a next-generation secure network to over 80 sites across Australia.

Secure intellectual property

Tesserent chairman Robert Langford said: “Having defeated a number of larger telecommunication providers in the highly-competitive tender process, this contract highlights Tesserent’s ability to deliver world-class security and networking solutions on a larger scale.

“Leveraging our security intellectual property to deliver next generation secure networking, this new agreement with an existing client represents over 190% total contract value of the previous contract and validates our strategy to provide a wider range of services within our existing client base.

“I’m excited to continue to work this leading Australian transport and logistics company and look forward to announcing similar-scale contracts in the future as we continue to deliver high-end innovative enterprise solutions.”

Security-as-a-service

Tesserent provides enterprise-grade managed cybersecurity and networking services to corporate customers in Australia, the UK and Korea.

With a 24/7 security and network operations centre, Tesserent delivers security-as-a-service to medium and large organisations around the globe.

View full TNT profile View Profile

Tesserent Ltd Timeline

Related Articles

Tavistock
December 03 2018
“Our outlook for growth remains positive", said chief executive Brian Raven.
Bitcoin coins in a wallet
December 22 2018
The payment processing company’s platform has continued to sign up merchants, unbothered by the notorious market volatility
1535033582_lithium-periodic-11.jpg
August 24 2018
American Manganese is blazing a trail in the recovery of metals from scrap cathode material rejected by battery manufacturers

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use