archTIS Strengthens U.S. Presence with Strategic Acquisition and DoD Expansion

archTIS Ltd. ( (AU:AR9) ) has shared an announcement.

archTIS Limited has reported a transformative quarter marked by the acquisition of U.S.-based Spirion LLC, which significantly increased its Annual Recurring Revenue (ARR) and expanded its customer base. The company also completed a substantial equity raise to fund this acquisition and further its expansion in the U.S. Department of Defense market. Despite a temporary slowdown in U.S. government procurement due to a shutdown, archTIS remains well-positioned with a strong balance sheet and a strategic shift towards higher-margin licensing revenues, reinforcing its leadership in the data-centric security solutions 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 data security solutions, offering products for data discovery, classification, and policy-based enforcement, with a strong market focus on defense, government, and enterprise sectors.

Average Trading Volume: 1,349,099

Technical Sentiment Signal: Sell

Current Market Cap: A$41.36M

Find detailed analytics on AR9 stock on TipRanks’ Stock Analysis page.