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Australian data security firm acquires technology assets, employees and customers, with founders appointed to key positions.
Information security company archTIS has completed its acquisition of identity-focused open-source workflow firm Direktiv.
The purchase will allow archTIS – headquartered in Canberra – to expand its business to access management across enterprises, applications, and data lakes.
With all of Direvtiv’s technology assets and employee expertise across Europe and Australia, archTIS will be able to expand its customer base and deliver more complete solutions to existing customers of both companies.
“I am excited to announce the completed acquisition of Direktiv’s technology, employees and customers. It delivers us an innovative cloud-agnostic technology platform that will broaden our access to markets and bring valuable talent to our organisation,” Daniel Lai (pictured), archTIS managing director and CEO, said in a 17 March ASX announcement.
“The acquisition positions us to accelerate product improvements, shorten time to market, and cross-sell to offer our joint customers a comprehensive solution for securing and integrating various types of data using data-centric, zero-trust-enabled technology.
“The integration of Direktiv’s technology enhances our ability to implement zero-trust across network, server and application data, establishing archTIS policy orchestration as the backbone connecting all of these points. Our enhanced capabilities for information security, data orchestration and AI governance will enable us to more rapidly grow our footprint in Australia, the US and global markets.”
Wilhelm Wonigkeit and Jens Gerke, Direktiv’s two founders, have been given technology leadership roles within archTIS – Wonigkeit as archTIS’ global architect and Gerke as software engineering manager.
Direktiv was acquired for a total purchase consideration of US$750,000, paid in three tranches, with the second and third settlements occurring at six- and 12-months post-acquisition, respectively.
David Hollingworth has been writing about technology for over 20 years, and has worked for a range of print and online titles in his career. He is enjoying getting to grips with cyber security, especially when it lets him talk about Lego.
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