Canberra-based ArchTis has started trading on the Australian Securities Exchange (ASX) on 21 September after raising $8 million during an initial public offering (IPO).
The secure data exchange solutions provider was established in 2006 and partners with technology and service providers including Citadel Group, KBR, Oracle, Raytheon, Team Informatics and Vault.
ArchTis lodged the prospectus for the IPO in late July with plans to continue the development and commercialisation of its secure content and collaboration software Kojensi, while already counting on the Australian Department of Defence as a customer.
"ArchTis has proven experience in secure information collaboration and sharing within the highest security areas of government," ArchTis managing director Daniel Lai said.
"Our Kojensi suite of software solutions is unique because it treats security and information sharing as one issue, whereas traditionally, these two challenges are treated as mutually exclusive.
"This, coupled with our deeply embedded government relationships, positions the company exceptionally well to capitalise on the next generation content and collaboration market opportunities."
The cloud-based solution Kojensi combines enterprise content management capabilities, collaboration tools and workflows. Kojensi Gov is hosted within an ASD-accredited Protected cloud environment, and accessible via GovLink or ICON.
The capital raise was supported by existing well known small-cap investors SG Hiscock and Merchant Group, who have both been long term supporters of the company and have increased their holdings via the IPO fund raising round.
"We are on target to commence testing of our new product range later this year, and I look forward to updating the market on our progress," Lai said.
“We are delighted with the support we have received from our existing investors for our listing today on the Australian Securities Exchange and would like to welcome all our new shareholders to the company.”