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archTIS Ltd. ( (AU:AR9) ) just unveiled an update.
archTIS Limited has announced the acquisition of Spirion LLC’s technology, customers, and employees for A$15.7 million, marking a strategic expansion into the U.S. market. This acquisition is expected to significantly enhance archTIS’s U.S. operations by integrating Spirion’s advanced data discovery and classification capabilities with archTIS’s existing security products, creating a comprehensive data-centric security platform. The move is anticipated to diversify revenue streams, provide cross-selling opportunities, and accelerate growth, thereby strengthening archTIS’s position in the global data security industry.
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 specializes in attribute-based access control (ABAC) products and has a strong market presence in data protection and compliance, particularly within government and defense sectors.
Average Trading Volume: 1,422,217
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$62.76M
See more insights into AR9 stock on TipRanks’ Stock Analysis page.