Tag Archive for: Acquisition

Tesserent (ASX:TNT) share price leaps 10% on acquisition news

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a group of three cybersecurity experts stand with satisfied looks on their faces with one holding a laptop computer while he group stands in front of a large bank of computers and electronic equipment.

Image source: Getty Images

The Tesserent Ltd (ASX: TNT) share price is rebounding strongly from yesterday’s heavy falls. This comes after the company announced the acquisition of two companies, boosting its presence in the federal government cybersecurity space.

At the time of writing, the internet security services provider’s shares are fetching 16.5 cents apiece, up 10%.

Tesserent cements leading position in cybersecurity solutions

Investors are fighting to get a hold of Tesserent shares following the company’s positive update.

According to its release, Tesserent advised it has acquired Pearson Corporation and Claricent through two separate share purchase agreements.

Both companies were targeted due to their strong position in the federal government marketplace.

Based in Canberra, Pearson Corporation is an IT consulting firm that has demonstrated experience in information security management services. The company operates in both the public and private sectors, providing expertise in cybersecurity, Microsoft, Carbon Black, and Ivanti products.

Notably, its services have assisted in delivering Essential 8 compliance for Commonwealth entities around Australia.

Tesserent’s other acquisition Claricent is a private Australian company that specialises in governance risk and compliance (GRC) services.

Both additions are expected to immediately integrate into Tesserent’s ecosystem, particularly its North Security business. This area is tasked with leading the company’s federal government team by delivering deliver large multi-year projects.

Tesserent is set to pay $28.8 million for Pearson and $4.13 million for Claricent through a mix of cash and company shares. In total, the price tag of both acquisitions is $32.93 million.

The amounts are due to be paid in two instalments. Around 50% of the enterprise value will be paid on completion which is slated for December 2021. The remaining 50% is to be paid on the finalisation of audited accounts, estimated sometime in September 2022.

Tesserent chair Geoff Lord welcomed the newly-acquired businesses, saying:

… These acquisitions cement our position as the leading ASX-listed provider of cybersecurity solutions and services…

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Space Force Looks to Boost Cyber Defenses of Satellites with Acquisition Reorganization

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The ongoing restructuring of Space Force acquisition authorities is designed in part to ensure proper cybersecurity testing and monitoring of new programs as they are developed and deployed, a senior Space Force procurement official said May 10.

The stand-up of Space Systems Command, and it’s absorption of the Space and Missile Systems Center (SMC), details of which were unveiled last month, was advertised as an effort to increase the speed and agility of Space Force acquisitions.

But in a lunchtime keynote at the CyberSatDigital event on May 10, Cardell DeLaPena, program executive officer for Space Production at SMC, stressed that it was also intended to improve the resilience of Space Force overhead architecture against new kinetic and cyber threats.

“The reason why we’ve stood up … a separate Space Systems Command for acquisition, and launch, and architecting is to make that shift from today’s peacetime architecture, … an architecture which was never envisioned to conduct offensive or defensive operations,” he said. In its place, Space Force plans a new architecture that could survive kinetic and cyberattacks by near-peer adversaries. “To make that pivot,” DeLaPena added, “We integrate all of those responses to those threats to our satellites into an integrated architecture, which will achieve space superiority.”

The new architecture, DeLaPena said, would rely on digital twinning technology, more properly called model-based systems engineering, in which a detailed virtual model of a satellite or other complex system is built so that it can be attacked and its cyber defenses tested.

DeLaPena said that cyber threats to U.S. satellite systems would be addressed in detail in a classified session later in the week, but outlined a series of “potential threats” in the cyber domain, which he said the newly reorganized acquisition elements in the Space Force would be “testing against” before turning new products over to operational commanders.

“The types of threats we are looking for [are] things like insertion of rogue components—that’s more on the supply side—malicious software, electronic warfare…

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Biden selects former Army acquisition exec for DOD’s top tech job — FCW

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Defense

Biden selects former Army acquisition exec for DOD’s top tech job

  • By Lauren C. Williams
  • Apr 27, 2021

Heidi Shyu, the assistant secretary of the Army for Acquisition, Logistics and Technology, vists Ft. Bliss May 2015 DOD photo by Sgt. Jessica Littlejohn 

Heidi Shyu on a 2015 visit to Ft. Bliss. (DOD photo by Sgt. Jessica Littlejohn)

President Joe Biden has nominated Heidi Shyu, former assistant secretary of the Army for acquisition, logistics and technology, to lead the Defense Department’s tech investments as undersecretary for research and engineering.

Shyu chairs the board for manufacturing company Plasan North America, leads her own consulting firm and has held several executive positions at Raytheon.

As the Army’s acquisition executive, Shyu worked to streamline the Army’s program executive offices, especially around cybersecurity.

“Cyber cuts across every single one of my programs,” Shyu previously said. “It’s not stove-piped. You don’t want … Cyber Command to talk to every single PEO individually – that’s just stupid.”

The White House also nominated former Defense Department acquisition chief, Frank Kendall, to be secretary of the Air Force.

Kendall, who was most recently an independent consultant and a senior fellow for the think-tank Center for American Progress, served as DOD’s acquisition chief during the Obama administration and the deputy director of defense research and engineering for tactical warfare programs.

Previously, he was also the vice president of engineering for major defense contractor Raytheon. He also sits on the board of directors for Leidos, another major defense technology contractor.

Gina Ortiz Jones, an experienced Air Force intelligence officer and former special advisor to the Defense Intelligence Agency’s deputy director, was also nominated to be the Air Force’s number two. In addition to her military experience, Ortiz Jones was the investment director for the Committee on Foreign Investment in the United States (CFIUS) portfolio.

The White House also nominated Thomas Monheim to be the inspector general for the intelligence community. Monheim is currently acting in the role and…

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Merger and Acquisition Strategies by Apple, Inc. and Intel Corporation to Create Significant Growth Opportunities, says Fortune Business Insights™

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Pune, India, Feb. 08, 2021 (GLOBE NEWSWIRE) — The global mobile security market size is likely to gain momentum by exhibiting a promising 14.6% CAGR between 2020 and 2027. This is ascribable to factors such as increasing adoption of advanced mobility solutions and increasing cyberattack incidents across the globe. Fortune Business Insights, publish this information in its latest report, titled “Mobile Security Market Size, Share and Industry Analysis, By Component (Solutions and Services), By Operating System (iOS and MacOS, Android, Windows, and Others), By Vertical (BFSI, IT & Telecom, Healthcare, Manufacturing, Retail, Education, Government, Others), and Regional Forecast, 2020-2027.” The report further mentions that the market was worth USD 34.94 billion in 2019 and is projected to reach USD 103.45 billion by 2027.

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Mobile Security Market majorly refers to the term that involves safety of user data of a mobile device. Additionally, it involves authentication and protection of private data stored in the connected devices such as smart phones, tablets, and personal mobile devices. Furthermore, it involves basic to advanced form of security such as personal identification number (PIN), pattern locks, and fingerprint and eye reader, among others. With increasing adoption of smartphones across the globe, the need for efficient security solutions for mobile devices to prevent incidents of malware and…

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