Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
archTIS Ltd. ( (AU:AR9) ) has issued an update.
archTIS Limited announced the acquisition of Spirion LLC’s business assets, including its customer base, technology, and employees, for A$15.7 million. This strategic move is expected to enhance archTIS’s U.S. market presence, leveraging Spirion’s established customer base and technology to create new growth channels and cross-sell opportunities. The acquisition is part of a broader expansion strategy that includes a recent U.S. Department of Defense contract win. The deal is funded through a placement and an accelerated entitlement offer, with a total raise of approximately $20.5 million, aimed at supporting the acquisition, staff retention, and growth initiatives.
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 market focus that includes enterprise, education, and government sectors.
Average Trading Volume: 1,444,200
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$62.76M
See more insights into AR9 stock on TipRanks’ Stock Analysis page.