Australian Department of Defence renews license with archTIS for NC Protect
archTIS subsidiary Nucleus Cyber has successfully renewed an annual software subscription license contract with the Australian Department of Defence.
archTIS completed the acquisition of Nucleus Cyber in December 2020. The renewal of this subscription license comes as an endorsement of the shared products and sales team capabilities of the merged businesses, the company states.
In addition, the renewal is due to the NC Protect product and its Attribute-based access controls (ABAC) security model with the Microsoft software stack for the Australian Department of Defence, according to a statement.
The NC Protect solution leverages existing technology investments to provide a solution to tailor information protection for file sharing, messaging and chat across an organisations collaboration tools, such as Microsoft Office 365SharePoint, Teams, OneDrive, Exchange and Yammer, Dropbox, Nutanix Files and Windows file shares.
The annual contract value for the NC Protect subscription renewal is $148,866.
Following the renewal, the group's recurring annual subscription revenue from the Australian Department of Defence is now $950,000.
This is archTIS's second software license contract with the Department of Defence this financial year.
It follows the company's $4.2 million contract win in September, established to to lead risk reduction activities relating to cross-domain classified information sharing.
This contract included $750,000 annual licenses for Kojensi (the archTIS secure information sharing platform for classified information).
archTIS Global COO and US president Kurt Mueffelmann says, “I am delighted that the Australian Department of Defence has renewed its subscription of NC Protect to safeguard sensitive information.
"Its great to provide immediate validation of our products and shared sales team capabilities so soon after the acquisition.
"Defence is a joint customer of Nucleus Cyber and archTIS. archTIS and Nucleus Cyber attributed based access control (ABAC) technology platforms and shared customer base validate this modern approach to protecting highly sensitive data across the worlds most classified networks.
"We look forward to the continued expansion of the Defence relationship.
archTIS managing director Daniel Lai says, “This renewal demonstrates the strategic value of the Nucleus Cyber acquisition. It provides our customers with a range of policy enforcement products to secure and share their information assets.
"The merger now means archTIS can provide award-winning products to secure our clients Microsoft business applications."
Lai continues, "The Defence renewal validates the quality and uniqueness of NC Protect. This renewal and our recent Kojensi sales strongly position archTIS as a key provider of information security products to the Australian Department of Defence.
"This is an exciting time for archTIS as it continues to successfully execute our strategy to become the global leader of policy enforcement in the protection and sharing of sensitive and classified information.
These announcements follow the recent commitment from the Australian Government to spend $15 billion on Defence information management and cyber security over the next 10 years.