Cybersecurity company Tesserent has acquired specialist cybersecurity firm Loop Secure through a share purchase agreement executed between both partie.
Tesserent invests in ground-breaking biometric security firm Daltrey
The company will initially invest $600,000 for an initial stake of 7% with an option to increase its shareholding by investing further after meeting certain conditions. Daltrey is a potential global leader in the multi-billion-dollar cybersecurity industry.
Tesserent Ltd’s (ASX:TNT) Tesserent Innovation has signed a share subscription agreement to acquire an initial 7% stake in Daltrey Pty Ltd, a sovereign biometric company, and has an option to increase this based on certain conditions.
The biometric technology of Daltrey, a Sydney-based company, enables an organisation’s users to prove their identity in both digital and physical format without the need for passwords or swipe cards, thus improving trust and accountability across the enterprise.