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ASX-listed software solutions firm archTIS confirmed that the company has finalised its merger with Nucleus Cyber, a six-gold medal winning cyber security agency.
The finalisation of the deal comes as the securities, forming the final instalment of the deferred consideration, were issued.
It is expected that archTIS’ core offerings will expand, and span from offering battlefield communications services, to securing information sharing between defence industry, militaries, academic institutions and intelligence agencies, and even offering services to prevent the growing threat of losses spurred by IP theft.
Daniel Lai, managing director of archTIS, outlined that the synergies between the two companies have helped archTIS’ ongoing growth in the world of cyber security.
“When we merged the companies in late-2020, we indicated that this would be a transformational combination for our shareholders and our overall market expansion. And that has proven to be the case. The overall market fit, increase in new customers and partners, retention of existing customers, and the added experience of the Nucleus Cyber executive team has helped archTIS towards becoming the leading cyber security software development firm on the ASX. I could not be any happier with the integration. We look forward to further scaling this success and exploring other merger opportunities,” Lai said.
Kurt Mueffelmann, global chief operating officer and former chief executive of Nucleus Cyber, commented that the merger was one of the simplest in his career, crediting this in part to the complementary characteristics of both brands.
“Having completed over 20 merger and acquisition deals in my career, the integration with archTIS was one of the smoothest. With our combined complementary products, technologies and talent, we saw an opportunity to solve these industry challenges together on a global scale. It is a true testament to both teams’ ability to embrace the strategic vision of safeguarding the world’s most sensitive information while tactically executing on the highest levels of customer satisfaction, market awareness and operational efficiencies,” Mueffelmann said.
The merger has resulted in an expansion of business opportunities. According to a statement by the company, these include:
[Related: archTIS launches program to boost global presence]
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