How big French group made the most of cyber company’s ASX woes
Tesserent boss Kurt Hansen said there was an inevitability about its take-private given the way its shares had traded and the bumpy ride at the smaller end of the market.
Hot sector: Tick. Recurring revenue: Tick. Double-digit revenue and earnings growth: Tick. Good time as a listed company on the ASX? Hardly.
That’s the surprising story behind cybersecurity outfit Tesserent, the biggest listed cyber group in Australia, which has called time on its seven-year stint on the ASX boards.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
