Tesserent to Acquire Asta Solutions

ASX-listed cyber security provider Tesserent is set to acquire Melbourne-based Asta Solutions in a $3.8 million deal.

Asta, which specialises in managed IT services and blockchain development, will bring 200 clients and around 85 staff from Melbourne, Sydney and Auckland into Tesserent’s management. With the acquisition, the company hoped to expand into “high-growth market segments” of cloud, blockchain and secure managed networks.

Keith Glennan, founding CEO at Tesserent said the acquisition was “an important step forward” for the company. “We are confident that this transaction will result in a business that is uniquely placed in the market and will generate significant long-term value for our clients and shareholders.”

Bill Angelidis, CEO at Asta said he was “thrilled” about joining forces with Tesserent. “Security has been a missing piece from our strategic vision… I am excited about what we will achieve together!”