Publicly listed cyber security specialist, ArchTis, has expanded its consulting services and IT strategic advisory contract for a further 12 months with the Department of Home Affairs Technology and Major Capability Group.
The expanded deal is set to provide an additional $250,000 in revenue during the 2020 financial year for ArchTis within its consulting services business, despite its intentions to shift its business model more towards providing SaaS.
In a statement to shareholders, ArchTis said the extension validated its expertise in the field of IT engineering, systems integration and security consulting, and demonstrates the strength of the relationship between itself and the department.
ArchTis CEO and executive director, Daniel Lai, said that while it was focused on commercialising its SaaS secure content and collaboration platform, Kojensi Gov, the agreement was still a significant validation of its expertise.
“ArchTis remains firmly committed to exploring all opportunities to further our collaboration with important strategic partners like the Department of Home Affairs in the public sector. The agreement is recognition of ArchTis’exceptional professional standing within the Australian Government and underlines the fact that we have a longstanding history of collaboration with governmental agencies,” Lai said.
“While our focus on commercialising our SaaS product suite remains our number one priority as we continue to transition towards a product-based business, we welcome the opportunity to further our existing consulting relationship with the Department of Home Affairs through our work with their Technology and Major Capability Group.
"As the company scales down its focus on consulting revenues as the basis for our strategic business growth, the agreement today is a significant validation of the quality in industry expertise and experience underpinning the ArchTis team and demonstrates our professional consulting services and IT strategic advisory capabilities are still valued.”