The Australian Department of Home Affairs has extended its contract with cybersecurity trust company archTIS (ASX:AR9), which will deliver $250,000 in added revenue.
The department’s Technology and Major Capability Group extended its contract for professional consulting services and IT strategic advisory from archTIS for a further year, which will add another $250,000 to the coffers for the 2020 financial year.
CEO Daniel Lai said it was strong validation of archTIS’ expertise in the field of IT engineering, systems integration and security consulting and demonstrated the strength of its relationship with Home Affairs.
“[we] remain firmly committed to exploring all opportunities to further our collaboration with important strategic partners like the Department of Home Affairs in the public sector,” he said.
“The agreement is recognition of archTIS’ exceptional professional standing within the Australian government and underlines the fact we have a longstanding history of collaboration with governmental agencies.
“While our focus on commercialising our SaaS product suite, including Kojensi Gov, remains our number one priority as we continue to transition towards a product-based business, we welcome the opportunity to further our existing consulting relationship.
“As the company scales down its focus on consulting revenues as the basis for our strategic business growth, the agreement today is a significant validation of the quality in industry expertise and experience underpinning the archTIS team and demonstrates our professional consulting services and IT strategic advisory capabilities are still valued.”
This content is produced by Star Investing in commercial partnership with archTIS. This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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