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Cipherpoint Ltd software assets to come under Archtis Ltd s wings
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Cipherpoint fully-focused on services and recurring revenue following archTIS deal
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archTIS closes out strong FY21 with “record breaking” June quarter
The ASX-lister attributes its unaudited revenue and profit growth to customer wins for its NC Protect and Kojensi products across government and defence profiles. archTIS has beat its previous best quarter in history with robust unaudited revenue and profit growth in the June quarter.
archTIS Ltd has closed out what executives described as a “strong FY21” with record cash receipts and $12.7 million in available capital.
In its unaudited quarterly financials, the software solutions provider revealed it netted $2.26 million in revenue over FY21’s June quarter up 80% on the previous quarterly reporting period.
archTIS completes transformational merger with Nucleus Cyber
The company’s consolidated technology offerings solve a range of secure collaboration challenges from secure access to top-secret defence communications between warfighters in the battlefield, to securing protected supply-chain information. The company s NC Protect product totalled sales of $2.35 million, up 470% in 6-month period versus entire prior year.
archTIS Ltd has completed its merger with Nucleus Cyber following the issuance of securities as the final instalment of deferred consideration due under the terms of the merger.
The move follows continued customer product adoption, technology innovation, customer satisfaction, sales distribution growth, market awareness and system integration between the entities.