Tesserent, an ASX-listed cybersecurity services firm, has paid US$13.4 million in cash and stock for Loop Secure.
Loop Secure is a managed security, governance, risk, and compliance (GRC) and offensive security firm based in Sydney with operations in Melbourne and Brisbane. In its Melbourne office, it also has a security operations center (SOC).
Tesserent stated the acquisition would improve its Cyber 360 security platform’s capabilities, such as red teaming, MFA projects, endpoint protection (particularly for remote work environments), and threat hunting.
To Read More: CRN
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