archTIS renews software contracts with Commonwealth Government agencies
The company has successfully renewed two software maintenance and services contracts with the Commonwealth worth $400,290.
Company
ASX:AR9
archTIS Ltd is a global provider of innovative software solutions for the secure collaboration of sensitive information. The company’s award-winning data-centric information security solutions protect the world’s most sensitive content in government, defence, supply chain, enterprises and regulated industries through attribute-based access and control (ABAC) policies.
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The company has successfully renewed two software maintenance and services contracts with the Commonwealth worth $400,290.
The company raised A$590,750 from its share purchase plan this month following a A$1.65 million placement completed in May.
The Kojensi platform addresses the critical need to share various levels of information across the Defence Industry supply chain.
The company is accelerating the pivot of the Kojensi platform to commercial clients, including those in the Defence Industry and Space sectors.
This is archTIS’ first win in the educational and growing space sectors and extends the Kojensi platform’s reach into the growing big data analytics market.
Eligible shareholders may each apply for a maximum of $30,000 worth of shares and a minimum of $2,000 worth of shares under the plan.
The company will also undertake a share purchase plan at the same price as the placement to raise $500,000.
The company’s Kojensi product is an industry-leading information security platform.
The company is focused on the sales and marketing of the Kojensi Gov and Kojensi Enterprise products.
An initial 50 licences of Kojensi have been purchased in order to conduct investigations with agencies needing to share and collaborate on information classified up to PROTECTED.
Leveraging its pedigree with government and defence, the company has developed Kojensi, an information security platform which provides a robust base for the sharing and collaborating on sensitive or classified information.
The technology company is focused on expanding sales of the Kojensi product - a multi-level security cloud platform which enables clients to securely share information.
The profitable company commercially launched the Kojensi Gov information sharing product this year and is collecting revenues from the Australian Government.
This agreement provides archTIS with a new sales channel and complements other relationships established over the past 12 months as the company switches to commercialisation activities.
archTIS recently signed an agreement with the Australian Criminal Intelligence Commission (ACIC).
The Australian Criminal Intelligence Commission will use the platform in developing the National Criminal Intelligence System.
The Kojensi Gov platform allows users to interact and share data securely.
The company hopes to expand its initial audience of 300,000 potential users as it targets international markets.
The reseller agreement comes after demonstrations of the Kojensi Gov software to New Zealand government agencies last month.
The extension validates the company’s expertise in the field of IT engineering, systems integration and security consulting.