FinTechFunding

Tesserent: Purchasing Airloom

  • Tesserent (TNT) is set to purchase cybersecurity firm, Airloom
  • Then the company will complete the Airloom transaction for $6 million in cash and 40 million shares
  • Airloom Sydney-based and focuses on security architecture
  • TNT also says the firm has a strong management team and an excellent operating record
  • After the purchase, Tesserent will have a strong earnings base and is targeting a revenue run rate on an annualised monthly basis of around $80 million
  • Tesserent has opened the market at 22.5 cents per share
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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