Alarum Technologies Ltd Entered Into A Definitive Agreement With Terrazone For Sale Of Its Enterprise Cybersecurity Business; No Financial Terms Disclosed
Portfolio Pulse from Happy Mohamed
Alarum Technologies Ltd has entered into a definitive agreement with TerraZone for the sale of its enterprise cybersecurity business. Alarum's consideration for this transaction is 7% of the fully diluted share capital of TerraZone. The company expects this move to enhance revenue and profitability of its comprehensive suite of solutions to its enterprise internet access customers.
July 06, 2023 | 12:37 pm
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Alarum Technologies has sold its enterprise cybersecurity business to TerraZone. This move is expected to enhance the company's revenue and profitability.
The sale of Alarum's enterprise cybersecurity business to TerraZone is a strategic move that is expected to enhance the company's revenue and profitability. This is likely to have a positive impact on the company's stock in the short term.
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