Ann: Acquires iQ3, page-93

• Tnt is not a mature business but it is established which is a definite plus and is going through insane growth through new management and new acquisition.
• this industry is in my opinion just entering it's true growth phase seen through insane government spending in government, increased cyber security focus by regulators such as APRA, increased general knowledge of cyber security, recent high profile cyber security attacks, large demand for and increase in cyber security graduates.

cyber security is not conventional IT but it's also not a service like zoom. We don't deserve a growth factor as high as an IT product provider but we definitely command more than a regular services company and a it services company.

I've been watching cyber from the sidelines for a little while but it really does seem that now momentum is really picking up to make this a standard business requirement.

if you believe in cyber this seems like a pretty safe place to park your money