Ann: TSN to Acquire Profitable Cloud & Cloud Security Business, page-17

I received an e-mail this morning from a colleague about the purchase by Accenture (Jeff’s old company) of South Australian business PrimeQ. 

They paid $31m for it. It was started 3 years ago. Last year had revenue of $28m up from $9m the year before. This shows that C10 is not the only company in this sector seeing massive growth rate. 

The intersting difference is that PQ had profit of only $481k up from a loss last year of $5.8m. 

This shows how cheap our purchase of C10 was. 

The most intersting line quoted the Accenture head say “there wasn’t a single client the consulting firm works with that isn’t discussing how it moves from on premise to the cloud.”

”The message from every customer is that it’s not a matter of if, but when...and it’s all industry segments.”

How cheap is TSN?

10x