The ‘hamster wheel’ of the Australian Stock Exchange weighed heavily on one of Australia’s most promising cyber firms, which has opted to return to private investors through French contracting giant Thales.
Tesserent in June announced its intention to be acquired by Thales in a deal shareholders will vote on next month.
The company will continue as lead cybersecurity offering of Thales in Australia and New Zealand, but it ends a seven year stint on the ASX for what is the still the biggest listed cyber group in the country.
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