archTIS Ltd’s (ASX:AR9) new acquisition Nucleus Cyber Inc is expanding its Channel Partner Program into the Asia-Pacific and European cybersecurity markets with three new channel partnerships.
The global information protection business will resell its NC Protect™ solution for data discovery, protection and compliance for the leading content services and collaboration platforms.
Positive development
The expansion of Nucleus Cyber’s reseller channel demonstrates the strong global market for policy enforcement products for Microsoft products and the potential revenue growth for Nucleus Cyber’s Protect product.
archTIS sees this as a very positive development and looks forward to sharing the vision for the combined business with shareholders at the upcoming annual general meeting.
The company's chief executive officer Daniel Lai said: ”archTIS is excited to see Nucleus Cyber expand its Channel Partner Program and we believe that this reinforces the strong rationale for the acquisition of Nucleus Cyber to create a global company providing policy enforced access control platforms for securing and sharing digital information.”
New partners to global channel program
Nucleus Cyber chief executive officer Kurt Mueffelmann said: “Data security and compliance are more important than ever with new global regulations and the risk of insider threats increasingly keeping information security professionals up at night.
“We are excited to welcome our new partners to our global channel program.
“Their domain expertise paired with our innovative technology will allow their customers to proactively protect their most sensitive and confidential information from internal threats, including cyberespionage, misuse by overprivileged users and human error, that can lead to breaches and subsequent fines.”
Nucleus Cyber Channel Partner expansion
SABASAI, an Australian consultancy specialising in all aspects of insider threat management and business risk for companies such as National Australia Bank Ltd (ASX:NAB) (OTCMKTS:NABZY) and Macquarie Bank Ltd (ASX:MQG) (FRA:4M4); iSecurity Inc, a provider of the forward-looking world-class information security solutions and consulting services in Taiwan; and SPOO Datascience, a specialist firm in data and its security, based in Germany, have all joined Nucleus Cyber's Global Channel Partner Program.
This Channel Partner Program offers value-added resellers an innovative datacentric security platform to help their clients proactively protect against insider breaches, sensitive data misuse and unauthorised file access in Microsoft 365 (SharePoint, Teams, OneDrive, Exchange and Yammer), Dropbox, Nutanix Files and Windows file shares.
Its NC Protect solution leverages existing technology investments to provide a simpler, faster and cheaper solution to tailor information protection for file sharing, messaging and chat across content services and collaboration tools.
It enables resellers to offer a value-added solution to fill security gaps leveraging a client’s existing IT investments to create new opportunities and revenue streams.
Nucleus Cyber acquisition update
archTIS entered into a merger agreement on November 23, 2020, to acquire Nucleus Cyber, with completion subject to a number of conditions, including approval by ordinary resolution of the shareholders at the archTIS AGM on 23 December 2020.
The acquisition is highly strategic and transformational for archTIS, giving it an immediate presence in the key North American market, as well as access to the Microsoft business product suite.
It also enables archTIS to instantly access new commercial opportunities via Nucleus Cyber’s Microsoft co-sell agreement.
Nucleus Cyber generates revenue from its high-margin annual subscription-based software platform, with high-quality enterprise clients that have a historically strong customer retention.
archTIS expects significant growth in this revenue stream in 2021.