Category Specific RSS

Categories: News

archTIS extends Department of Defence contract with Nucleus add-on

Continuing to ride the recent demand for state-of-the-art cybersecurity, software company archTIS (ASX: AR9) has leveraged its recent acquisition of Nucleus Cyber by extending its annual software subscription with the Australian Department of Defence.

The subscription is for the NC Protect product, part of the Nucleus acquisition completed at the end of 2020, which gave the Company a path to expand into the lucrative North American software market.

NC Protect allows for secure document collaboration, giving users the ability to maintain their security remotely, as well as provide additional controls over access rights, whilst integrating with commonly used programs such as Microsoft Office and Dropbox.

“This renewal demonstrates the strategic value of the Nucleus Cyber acquisition. It provides our customers with a range of policy enforcement products to secure and share their information assets,” said archTIS Managing Director, Daniel Lai.

“The merger now means archTIS can provide award-winning products to secure our clients Microsoft business applications. The Defence renewal validates the quality and uniqueness of NC Protect. This renewal and our recent Kojensi sales strongly position archTIS as a key provider of information security products to the Australian Department of Defence.

“This is an exciting time for archTIS as it continues to successfully execute our strategy to become the global leader of policy enforcement in the protection of sharing of sensitive and classified information.”

The Australian government made cyber defence a priority in 2020, pledging a $1.35b spending boost in the wake of an increasing number of ‘state-based’ cyber attacks.

The contract for the NC Protect subscription renewal is $148,866. Which brings the company’s recurring annual subscription revenue from the Department of Defence to $950,000.

Nucleus Cyber was acquired by archTIS in September 2020 for $6.25m upfront and $3.25m deferred consideration where NC Protect is a popular in North America and actively promoted by Microsoft under a co-seller agreement.

Conor Murphy

Conor Murphy is the Marketing Coordinator at TradersCircle

Recent Posts

Monash University Partners with HITIQ to Advance Concussion Science Using Smart Mouthguards

A major Australian research initiative is set to push forward global understanding of brain injury,…

1 week ago

Harris Technology targets return to profitability amid surging Refurbished Tech sales and Apple expansion

Following a successful FY25 which saw a boost in gross profit after launching its refurbished…

2 weeks ago

Pivotal Metals Secures $5.4M to Fast-Track Quebec Drill Program

Pivotal Metals (ASX:PVT) has locked in $5.4 million in fresh funding to accelerate exploration across…

3 weeks ago

Biotron Expands into Anaesthetics with Sedarex Acquisition and $2.5m Raise

Biotech company Biotron Limited (ASX:BIT) has announced a bold step into the anaesthetics sector, acquiring…

4 weeks ago

DroneShield Boosts Defence Capability with $13 Million Adelaide R&D Investment

DroneShield (ASX:DRO) is expanding its Australian footprint with a $13 million investment to establish a…

1 month ago

Stakk Secures T-Mobile Contract to Power Super App Expansion

Australian fintech Stakk (ASX:SKK) has signed a three-year agreement with U.S. telecommunications giant T-Mobile USA,…

2 months ago