Tesserent Limited (ASX:TNT) agreed to acquire Claricent Pty Ltd for AUD 4 million on December 7, 2021. In the related transaction Tesserent Limited (ASX:TNT) agreed to acquire Pearson Corporation Pty Ltd. The consideration for the acquisition of the Pearson Corporation and Claricent will be a mix of cash and TNT shares, being paid in two instalments, with 50% of the enterprise value being paid on completion estimated in December 2021 and the remaining 50% paid on finalization of audited accounts estimated to be in September 2022. Both organizations will integrate into North Security which leads TNT's Federal Government team. Final payment is subject to audited results and may be higher or lower as it will be based on final audited EBITDA multiplied by the valuation multiple minus the Completion Payment made in December 2021. Acquisition is expected to complete by 31 December 2021 and is immediately earnings, cash flow and EPS accretive whilst delivering significant locked-in recurring revenue – with six months results consolidated into Tesserent's FY22 financials.

Tesserent Limited (ASX:TNT) completed the acquisition of Claricent Pty Ltd on December 15, 2021.