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ARCHTIS LIMITED — Capital/Financing Update 2018
Nov 13, 2018
64413_rns_2018-11-13_171f010f-a895-4ce5-ba9e-daabb827c657.pdf
Capital/Financing Update
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archTIS Enhances Offering and Expands Market via New Partnership with Axiomatics
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archTIS to partner with global leader in dynamic authorisation, Axiomatics
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Adds Axiomatics’ advanced dynamic authorisation delivered with Attribute Based Access Control (ABAC) to offering, enabling archTIS’ to secure alternative data sets and applications
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Complements archTIS’ offerings for compliance, information sharing (documents and collaboration tools), protection of critical assets and intellectual property
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Accelerates archTIS’ expansion into the financial services market and enables Axiomatics to gain entry into the defence and intelligence sectors
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Strategic partnership enables archTIS and Axiomatics to leverage their joint experience across an extensive global client base
archTIS Limited (ASX:AR9, archTIS or the Company) has entered into a strategic partnership and a reseller agreement (“Agreement”) with global leader in attribute-based access control, Axiomatics Inc.
Axiomatics is the leading provider of dynamic authorisation solutions with global expertise in applying authorisation policies at the database and application layer of solutions. Its products are developed to industry standard and are utilised by Global Fortune 2000 companies and government agencies across the world.
Under the terms of the Agreement, archTIS will expand and complement its product offering to include Axiomatics’ advanced ABAC solution which secures alternative data sets and applications.
archTIS’ existing secure microservices[*] model, which underpins its core Kojensi information sharing and collaboration technology, will also be enhanced by Axiomatics’ application authorisation and policy building capabilities, enabling Kojensi to secure alternative data sets and applications.
The addition of the Axiomatics technology, both as a stand-alone product and as integrated into Kojensi, will enable archTIS to accelerate its expansion into the financial services market prior to the launch of its Kojensi and DataKloak cloud products.
Through the partnership, Axiomatics will build on its strong existing customer base in the financial services sector by leveraging archTIS’ end user and platform services, as well as gaining immediate access to the Australian defence and intelligence government sectors via archTIS’ established relationships.
In line with the Company’s business strategy, archTIS continues to forge strategic relationships with leading organisations, expanding the market for its Kojensi suite of secure content collaboration and information sharing software products.
- A software architectural style that structures an application as a collection of loosely coupled services to improve modularity.
Under a revenue share model, archTIS will pay Axiomatics a percentage of all revenue generated from sales of the Axiomatics technology by archTIS.
Managing Director, Daniel Lai said:
“Working together with Axiomatics and leveraging their global expertise in applying authorisation policies at the database and application layer of solutions, will create a powerful technology for controlling and sharing sensitive data. This is highly desirable for corporates in the financial services sector and therefore accelerates our ability to push into this market, ahead of the launch of our Kojensi and DataKloak cloud products. This agreement opens up numerous opportunities for both companies to jointly explore new markets and apply our combined expertise.”
VP of Business Development for Axiomatics, Gerry Gebel said:
“archTIS’ experience and track record in working with authorisation technology is unmatched in the region. We look forward to working together and meeting the comprehensive access control requirements of government and commercial sector organisations.”
About archTIS Limited (www.archtis.com)
archTIS Limited (ASX:AR9) is an award winning, Canberra-based cyber security company established in 2006. It has an established Services business providing consulting and system integration services for government clients and a Solutions business which has leveraged the Company’s cyber security expertise to develop the Kojensi suite of technology products. Kojensi is unique because it treats security and information sharing as one issue, allowing teams to collaborate and share information securely, while avoiding sensitive data exposure or unauthorised access.
About Axiomatics (www.axiomatics.com)
Axiomatics is the premier vendor of dynamic authorization delivered through Attribute Based Access Control (ABAC) solutions. The company is headquartered in Stockholm, Sweden and has offices across the USA. Axiomatics is a driving force behind dynamic access control through its suite of industry standard products. These products are utilized by Global Fortune 2000 companies and government agencies to balance compliance, information sharing, and the protection of critical assets and Intellectual Property.
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