Business Sales Market Update

Publicly listed cyber security services provider Tesserent plans to acquire cyber security firm Loop Secure as a "strategic addition" to the company for a combined price of $13.5 million. Headquartered in Sydney and containing offices in Melbourne and Brisbane, Loop Secure offers managed security services, governance risk and compliance and offensive security services, as well as a security operations centre in Melbourne. The acquisition is being viewed as a “strategic addition to strengthen Tesserent’s Cyber 360 capabilities”, according to a statement published to the Australian Securities Exchange (ASX), with synergies and opportunities expected through its corporate relationships and skills.

Telstra’s IT services division, Telstra Purple, has acquired internet of things (IoT) specialists Alliance Automation and Aqura Technologies to bolster its capabilities in the field and expand into more verticals. Brisbane-based Alliance Automation bills itself as one of Australia’s largest independent providers of IoT industrial automation solutions and control systems, specialising in technical advisory and design, electrical and automation engineering, cybersecurity services and more. Perth-headquartered Aqura is a subsidiary of ASX-listed surveying services company Veris, and specialises in technology and telecommunications infrastructure solutions.

THE FOLLOWING IS FROM THE BP: Langfields Transport was founded in 1980 by Terry Langfield and since its establishment has been operated by five owners including the current owners, who have retained its business name. This strategy has enabled each of the owners to leverage the high volume of goodwill cultivated in the business over its 40-year operational history. From humble beginnings, the business commenced with one truck and one driver, the original owner, Terry Langfield and today it has a significantly sized fleet and a large geographical reach. Through the strategic efforts and vision of its owners, the business has been able to achieve continual growth.

Nexacu specialises in instructor-led Microsoft application training for end-users and has campuses in major Australian cities. Its customers include government, education and commercial organisations and the company trains some 13,000 students per year. The company was established in 2013 as Excel Consulting, to help businesses develop and automate Microsoft Excel models. Its course topics now range from Microsoft Power BI to Microsoft Power Platform App Maker, Python and SQL.DDLS said the acquisition would allow it to bolt on Nexacu’s portfolio of end-user courses to its enterprise sales infrastructure, and boost its training pool to more than 30,000 students per year.

The business manufactures lightweight, strong panels that provide outstanding insulation properties. It continuously aims to maintain a high standard of quality, service and competitiveness in order to satisfy its clients. Included in the product range of the business are insulated cool room and building panels as well as the exclusive and specialised insulated roof panel called Eco Deck. By having flexible operations, the business is able to have a broad client base, including small and large operators. The only fully Western Australia-owned insulated panel manufacturer, providing better quality panels from the most regularly ordered material.

Telco services company Vonex has acquired Gold Coast-based telco, telephony and hosting provider OntheNet for $9.6 million. The acquisition expands Vonex’s product offerings to include data networks, backed by OntheNet’s core network with seven points of presence across Australia, as well as a tier 3 data centre facility in the Gold Coast. Founded in 1994, OntheNet specialises in data network, voice and hosting/colocation services primarily to business customers across Australia. “We are delighted to have been acquired by emerging telco Vonex. We look forward to partnering with Vonex and continuing to provide high quality services to our customers,” OntheNet managing director Tak Woo said.