Cipherpoint Ltd (ASX:CPT)'s Ted Pretty speaks to Proactive's Andrew Scott following the news it's sold its cp.protect and cp.discover technology assets to fellow ASX-lister archTIS Ltd. As part of the purchase agreement, archTIS is offering $1.4 million in cash for the Cipherpoint software division assets. Part of this sum — $200,000 — will be held in escrow until a series of contracts are carried over.
Cipherpoint fully-focused on services and recurring revenue following archTIS deal
