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archTIS Ltd. ( (AU:AR9) ) has provided an update.
archTIS Limited has successfully completed the acquisition of Spirion LLC, a U.S.-based leader in data security posture management software. This acquisition, valued at A$15.75 million, is set to expand archTIS’s U.S. presence and enhance its software portfolio with Spirion’s advanced data discovery and classification capabilities. The integration of Spirion’s platform with archTIS’s existing technologies aims to create a comprehensive zero trust data security portfolio. The move is expected to solidify archTIS’s position in the U.S. market and expand its vertical market presence, benefiting stakeholders by offering an end-to-end solution for data security and governance.
The most recent analyst rating on (AU:AR9) stock is a Buy with a A$0.35 price target. To see the full list of analyst forecasts on archTIS Ltd. stock, see the AU:AR9 Stock Forecast page.
More about archTIS Ltd.
archTIS Limited is a global provider of data-centric software solutions focused on the secure collaboration of sensitive information. The company offers award-winning information security solutions that protect sensitive content in sectors such as government, defense, supply chain, enterprises, and regulated industries through attribute-based access and control policies. Their products include archTIS Trusted Data Integration, Kojensi, and NC Protect, which enhance information protection across various platforms including Microsoft 365 and SharePoint.
Average Trading Volume: 1,401,943
Technical Sentiment Signal: Buy
Current Market Cap: A$71.48M
Find detailed analytics on AR9 stock on TipRanks’ Stock Analysis page.