Since the beginning of FY20, the company has acquired the following assets:
Not to forget, the last acquisition (Loop Secure) was paid for through $9 million in cash and the issue of 15.9 million shares priced at 28 cents.
- Seer Security on 31 July 2020
- Airloom Holdings on 2 September 2020
- Ludus Information Security on 11 September 2020
- iQ3 on 11 November 2020
- Lateral Security Services (New Zealand) on 12 February 2021
- Secure Logic on 28 April 2021
- Loop Secure on 18 August 2021.
I am not surprised by the acquisitions given in their FY21 results they said they will continue to drives their acquisition strategy to generate significant recurring revenue. Yes 1bil SOI is high but a small dilution to see the company grow, I can live with.
Some outlook guidance from management would have been nice too. Anyway, I will be watching the next quarterly very closely. GLTASH!
