Tesserent (ASX:TNT) to acquire cybersecurity training business ALC Group

• Tesserent (TNT) is set to buy Australian cybersecurity training business ALC Group for $5.8 million
• Brisbane-based ALC offers certified training in cybersecurity, IT, project management and governance
• The acquisition will allow TNT to provide cyber training courses to ALC customers, employees and key Tesserent clients through its Tesserent Academy arm
• Tesserent hopes that through the acquisition it can build a profitable business in the cybersecurity training space within the Australasian market
• TNT shares close grey at 12 cents per share on Monday afternoon

Tesserent (TNT) is set to acquire Australian cybersecurity training business ALC Group through its Tesserent Academy division.

Brisbane-based ALC is considered a prominent training business, covering areas of cybersecurity, IT, project management and governance.

The group offers training from entry to advanced levels, with operations in Australia, New Zealand, Singapore and Malaysia.

The deal is estimated to be worth $5.8 million, with one-third of the consideration ($1.9 million) to be paid at completion. The other two-thirds will be paid on the finalisation of audited accounts for FY23 and FY24, respectively.

ALC Training Directors Zika Milenkovic and Catalina Lechner said the TNT takeover was a significant growth opportunity for the brand.

“After more than 25 years as a leading enterprise IT training business, we are delighted that ALC will become part of the Tesserent Group,” they said.

“The transaction provides ALC with immediate access to substantial resources and access to new opportunities that will allow us to continue our strong growth in the key cyber security training market.”

The acquisition provides a foundation for TNT to offer certified cyber training courses to existing ALC customers, employees and key clients of the Tesserent Group.

Tesserent Academy’s strategy is to build a profitable business in the cybersecurity training space within the Australasian market and provide a pipeline of high quality cybersecurity talent to the Tesserent business and to key clients.

TNT also aims to improve the company’s profile by addressing a current talent shortage in the cyber market.

TNT shares closed grey at 12 cents per share on Monday afternoon.