- Tesserent (TNT) has recorded stellar growth from its recently-purchased Federal Government cybersecurity business, North Security
- North Security posted year-on-year earnings growth of a whopping 135 percent on the back of bolstered Federal Government cybersecurity spending
- Over the 2020 financial year, North earned $1.8 million compared to the $766,000 the year before
- Tesserent bought North Security out in March this year for roughly $5.3 million
- The company has also now completed a $2.2 million earn-out payment to North as part of the deal
- Importantly, Tesserent says given the increased government spending on cybersecurity, North’s growth expected to continue in 2021
