archTIS Ltd (ASX:AR9) has entered into a binding term sheet to buy global information protection business Nucleus Cyber Inc for a total potential consideration of up to $9.75 million in shares. The acquisition will create a global, geographically diverse company that supports archTIS’ strategy of being the world’s premier provider of policy enforced access control platforms for securing and sharing digital information.
It leverages on its core capabilities, expands its offering into the Microsoft Corporation’s (NASDAQ:MSFT) product suite and instantly opens new commercial and geographic markets via Nucleus Cyber’s Microsoft co-sell agreement through Microsoft field sales and channel resellers.
archTIS CEO Daniel Lai said: “This acquisition is transformative for archTIS.
“The acquisition of Nucleus Cyber expands our offering into the Microsoft business product suite and opens up new global sales and distribution channels and provides significant new revenue streams to the business....MORE
