Canberra-based ArchTis has scored a deal with the Australian Attorney General’s Department to supply its collaboration platform.
The one-year contract marks the publicly listed company’s first government deal for the content and collaboration cloud service Kojensi Gov.
The deal, which comes with the option of two annual extensions, will generate $30,000 in annual revenue from Kojensi Gov, the platform’s first since its beta launch with the AGD in April.
The contract was procured by the Digital Transformation Agency’s Cloud Marketplace, which the Kojensi Gov was added to in May.
Built on Australian cloud services provider Vault, the platform will allow content sharing and communication of information classified at the ‘Protected’ level between external government agencies and private companies.
User numbers are expected to grow from the current 50. The AGD has 1,400 staff employed both in Australia and abroad, ArchTis noted to shareholders.
The company added there was potential for additional growth in users and its software-as-a-service revenue model as the AGD supports ongoing and future Royal Commissions.
“Securing such a high profile organisation clearly demonstrates the utility of our platform in enhancing the security of sensitive information,” ArchTis MD Daniel Lai said.“We are excited by the potential commercial opportunity available to us and look forward to accelerating our rate of customer acquisition and making more announcements like this in the near future.”
The move comes just over a month after ArchTis expanded its existing contract with the Department of Home Affairs Technology and Major Capability Group for another year.
The deal will provide an additional $250,000 in revenue during FY 2020 for the company’s consulting services business, despite its intentions to shift its business model towards SaaS.
Established in 2006 and partnered with Citadel Group, KBR, Oracle, Raytheon, Team Informatics and Vault, ArchTis started trading on the ASX on 21 September 2018 after raising $8 million during an initial public offering (IPO).
Its first year’s preliminary report revealed the company has almost doubled its revenue from $573,826 to $1 million. However, its losses also doubled from $2 million to $4 million.