Transaction’s Shares Rose Over 14% on ASX Post Announcement of Cloudten Achieving DevOps Competency Status

  • Mar 18, 2019 AEDT
  • Team Kalkine
Transaction’s Shares Rose Over 14% on ASX Post Announcement of Cloudten Achieving DevOps Competency Status

Transaction Solutions International (ASX: TSN) is a technology-based company with its focus on cybersecurity and cloud. It owns wholly a Sydney-based cybersecurity specialist called Decipher Works that provides consulting and managed services to its loyal client base of financial institutions and large corporations. Additionally, TSN owns 100% of Cloudten Industries, a cloud and cloud security specialist that assists the government, financial institutions and large corporations migrate, secure and manage their infrastructure in the cloud.

To mention briefly, the company Cloudten reaches an AWS milestone and attains the DevOps Competency. It remains as one of the most accredited Australia-based AWS Consulting Partners, and  it has demonstrated its capabilities in undertaking large and complex AWS customer engagements.

Transaction Solution International Limited (TSN) announced today on 18 March 2019 that its recently acquired Cloudten Industries has achieved Amazon Web Services (AWS) DevOps Competency status. This designation is a recognition that the company has deep experience helping businesses innovate and transform software development and infrastructure management practices to deliver automated applications and services in a fast-paced environment. The DevOps Competency Status was launched in June 2015. It recognises trusted AWS Partners who demonstrate DevOps expertise which helps customers achieve their cloud infrastructure goals.

Cloudten has a spectrum of cloud and technology solutions to enterprise clients across the banking, financial, health, and government sectors, however, the DevOps Competency was attained since it the demonstrated its technical proficiency and seamless delivery of DevOps solutions on AWS.

To achieve the DevOps competency, the partners must undergo a rigorous selection process which involves customer references and an independent audit - ensuring that best practices are in place.

As per the CEO of Cloudten Richard Tomkinson, attaining the AWS DevOps Competency is a display of the capability of Cloudten in accelerating its customers’ speed to market through high quality, highly automated applications. The competency demonstrates the extensive experience, building automation and streamlining customers’ build pipeline while maintaining strict policy enforcement and fleet consistency of the company.

Cloudten’s attainment of the DevOps competency is the first step to enhance TSN’s cybersecurity offering since it has been acquired recently by TSN and to build on potential synergies amongst other TSN technologies.

Cloudten has previously attained the AWS Security Competency through ongoing expertise in helping customers adopt, develop, and deploy complex security projects. Cloudten was also the first AWS Consulting partner in Australia and New Zealand to be granted the AWS Government Competency, through ongoing success in delivering mission-critical applications and workloads to government customers.

With the achievement of the DevOps Competency in addition to the previously attained Government and Security competencies, Cloudten remains one of the most accredited Australia-based AWS Consulting Partners and uniquely positions Cloudten for further growth in large and complex AWS customer engagements.

On the price-performance front, the stock of Transaction Solutions International last traded at $0.008 with an increase of ~14.28% during the day’s trade and with a market capitalisation of ~$16.89 million as on March 18, 2019 (AEST 03:45 PM). The stock has generated a YTD return of 7.69% and a return of 16.67% over the past six months. It had a 52-week high price of $0.011 and a 52-week low price of $0.005, with an average trading volume of ~3.80 million.


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