Proactiveinvestors Australia archTIS Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia archTIS Ltd RSS feed en Tue, 21 May 2019 08:58:15 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - archTIS substantial shareholder increases stake to 8.95% ]]> https://www.proactiveinvestors.com.au/companies/news/218466/archtis-substantial-shareholder-increases-stake-to-895-218466.html archTIS Ltd's (ASX:AR9) substantial shareholder SG Hiscock & Company (SGH) has demonstrated confidence in the company's online security strategy by increasing its stake in the company to 8.95% from 7.37%.

On April 11 the investor acquired a further 772,104 archTIS shares for a total consideration in excess of $93,800.

SG Hiscock & Company now holds more than 11.047 million shares.

archTIS has this week commercially launched the Kojensi Gov information sharing platform which holds classified information up to the protected level and was inspired by the 9/11 attacks.

READ: archTIS launches Kojensi Gov for commercial sale

Kojensi Gov allows for communication and collaboration between select personnel in an agency or across agencies and system users can be granted differential access to different versions of a document in line with their respective security clearances.

archTIS managing director Daniel Lai said that the company was on a clear pathway to scalable commercialisation across multiple industry sectors.

He said: “We have been working tirelessly to deliver a secure content collaboration platform government – it solves a real problem in the market place where government and industry need to share information to deliver services and build capability.”

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Fri, 12 Apr 2019 15:03:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218466/archtis-substantial-shareholder-increases-stake-to-895-218466.html
<![CDATA[Media files - archTIS launches Kojensi Gov data sharing platform with aim to grow commercial network and pipeline ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12975/archtis-launches-kojensi-gov-data-sharing-platform-with-aim-to-grow-commercial-network-and-pipeline-12975.html Thu, 11 Apr 2019 20:06:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/12975/archtis-launches-kojensi-gov-data-sharing-platform-with-aim-to-grow-commercial-network-and-pipeline-12975.html <![CDATA[News - archTIS Ltd facilitates more "protected" information sharing amid global tensions ]]> https://www.proactiveinvestors.com.au/companies/news/218261/archtis-ltd-facilitates-more--protected--information-sharing-amid-global-tensions-218261.html archTIS Ltd (ASX:AR9) specialises in software platforms-as-a-service (Paas) and software-as-a-service (SaaS) in Australia. The Canberra-based company is run by information sharing specialist Daniel Lai and founder-director and chief technology officer Bruce Talbot. It is chaired by Australia's former defence and foreign affairs minister Stephen Smith.

CEO Lai, an investor in the company, has extensive experience in senior management roles in the Australian Government, leading a single information environment initiative for the Australian Department of Defence and spearheading enterprise change at the national Australian Customs and Border Protection Service.

CTO Talbot, also an archTIS investor, is a computer security systems specialist who founded the company in 2006. He spent 20 years with Australian Defence Force and 20  more years with organisations such as the Australian Federal Police, Airservices Australia corporation, CA Technologies and Hitachi Vantara Australia Pty Limited.

Chairman and former Labor Party federal politician Smith is a University of Western Australia international law professor and former Member for Perth who had a 20-year career in politics.

What does archTIS own?

The key asset is the Kojensi Gov information sharing platform.

A cloud version of the system has been beta tested at a number of organisations, including the Australian Commonwealth Attorney General’s Department (AGD) and the Australian Government’s Aged Care Royal Commission.

It was built on top of a solution used inside the nation’s Defence Department.

archTIS has previously shared its plans to host Kojensi Gov on its partner Vault System’s Australian Signals Directorate-certified cloud platform for government clients.

Kojensi Gov allows for communication and collaboration between select personnel in an agency, or across agencies. System users can be granted differential access to different versions of a document in line with their respective security clearances.

Clearance can also be site and device specific, showing less information in insecure environments such as external sites like a Qantas lounge or while in insecure environments such as on open WiFi networks.

Collaborators using the system can share documents, comment on them and work simultaneously as they focus on being productive while keeping security in mind.

Kojensi Gov’s unique security model enables government agencies to share and collaborate on their information while meeting regulatory, security and sovereign compliance requirements.

The system enables productivity while ensuring a trusted environment that takes into account the security context.

Last month, the company revealed that the Australian Signals Directorate Registered Assessor had completed an International Security Registered Assessors Program (IRAP) assessment of Kojensi Gov to assure government the system met the necessary security controls to protect information at a “protected” level.

archTIS’ strategic partner Vault has the backing of a number of high-profile former secretaries to government who have sat on the private company’s board since November 2017.

These include its chairwoman, former finance and health secretary Jane Halton and non-executive director, Department of Foreign Affairs and Trade (DFAT) former secretary Dennis Richardson, who was previously security director-general at the Australian Security Intelligence Organisation (ASIO) and an Australian ambassador to the US in the years following the 9/11 report.

archTIS has its origins in Australia’s national government response to the 9/11 attacks in the US and the challenges highlighted in the US Senate’s National Commission on Terrorist Attacks Upon the United States’ final 9/11 Commission Report.

Vault is backed by the Moelis Australia Ltd's (ASX:MOE) Moelis Australia Government Infrastructure Fund and was founded by former JN solutions chief executive officer Rupert Taylor-Price.

archTIS is also working with attribute-based access control provider Axiomatics, giving archTIS access to the financial sector, new data sets and new applications for its systems.

Canberra-based archTIS paid down all debt in the December 2018 financial quarter and reported in January 2019 that it expected a material decrease in its cash burn after it commercially launched the Kojensi Gov system debuted this week.

The company had $5.4 million cash at the end of 2018 and expected to spend about $60,000 a month until yesterday's commercial launch.

archTIS has forecast $1.8 million of expenses for the March quarter of 2019 and is expected to file its next quarterly report by the end of April 2019.

Inflection points

archTIS product revenue milestones

Continued sign-ups to the company’s information systems offerings by government clients and the wider corporate sector

Ongoing outputs from collaborations with Vault, Oracle and clients in the cloud

Product development outcomes enabled by more revenues and fundraising

CEO Daniel Lai outlines system’s key points of difference

“I am pleased to announce that with the launch of Kojensi Gov, we are on a clear pathway to scalable commercialisation across multiple industry sectors,” archTIS chief executive officer and executive director Daniel Lai reported yesterday.

“The successful completion of beta activities with the Attorney General’s Department and successful completion of the IRAP assessment provides further important validation of Kojensi Gov as a strong platform for holding classified information up to the protected level.”

 

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Tue, 09 Apr 2019 18:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218261/archtis-ltd-facilitates-more--protected--information-sharing-amid-global-tensions-218261.html
<![CDATA[News - archTIS launches Kojensi Gov for commercial sale ]]> https://www.proactiveinvestors.com.au/companies/news/218180/archtis-launches-kojensi-gov-for-commercial-sale-218180.html archTIS Ltd (ASX:AR9) has launched its secure data sharing platform Kojensi Gov for commercial sale. 

Kojensi Gov is based on a system already in use by the Australian Department of Defence.

The launch follows the expansion of a beta program to include the Aged Care Royal Commission, and an International Security Registered Assessors Program (IRAP) assessment the company could store government data at a “protected” level.

READ: archTIS on track for commercial launch of Kojensi Gov information sharing platform

archTIS managing director Daniel Lai said: “I am pleased to announce that with the launch of Kojensi Gov, we are on a clear pathway to scalable commercialisation across multiple industry sectors.

“The successful completion of beta activities with the Attorney General’s Department and successful completion of the IRAP assessment provides further important validation of Kojensi Gov as a strong platform for holding classified information up to the protected level.”

Clear path to commercialisation across government and nongovernment sectors

Lai added: “I am confident that based on the already strong pipeline of opportunities identified, that we are well positioned to secure commercial contracts in both the government and non-government sectors in the coming months.

“We remain focused on continuing to build on the momentum and incredible feedback we have received for the platform by nurturing our growing pipeline of leads and network of interested parties among both government and industry affiliates.”

SaaS product revenues expected to gain traction over the coming months

Kojensi Gov is expected to be met with strong interest and demand, with a broad range of commercial opportunities already identified by archTIS and its strategic and reseller partners.

SaaS product revenues are expected to gain traction over the coming months, as archTIS focuses on converting its strong pipeline of opportunities into commercial contracts.

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Tue, 09 Apr 2019 09:22:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218180/archtis-launches-kojensi-gov-for-commercial-sale-218180.html
<![CDATA[News - archTIS on track for commercial launch of Kojensi Gov information sharing platform ]]> https://www.proactiveinvestors.com.au/companies/news/217693/archtis-on-track-for-commercial-launch-of-kojensi-gov-information-sharing-platform-217693.html archTIS Ltd (ASX:AR9) is on track to commercially launch the industry-leading Kojensi Gov secure information sharing platform this quarter.

Kojensi Gov, which provides a robust platform for the sharing and collaborating of sensitive information, is experiencing increasing demand across the government sector.

archTIS recognises the appetite for trusted information sharing services beyond traditional defence and security sectors and aims to capitalise on non-government commercial emerging opportunities.

READ: archTIS Ltd finalising June quarter Kojensi Gov commercial launch

Managing director Daniel Lai said the company was addressing this market gap with a clear pathway to scalable commercialisation across multiple sectors leveraging its growing network of partnerships and pipeline of leads.

He said that came in an age where increasing cybersecurity breaches were driving increasing demand for commercial solutions providing the ability to share information securely.

Transitioning strategic focus

Accordingly, archTIS is transitioning its strategic focus from a consulting-services business to a software platform company generating high-value recurring SaaS revenues.

The company’s go-to-market strategy utilises two channels:

Direct – This channel leverages established relationships and the existing foothold within the government sector to continue to sell direct to government customers; and Third party – Leveraging a growing network of reseller and strategic partnerships to target non-government commercial opportunities. READ: archTIS gets nod to expand government work

Lai said while the platform was relevant to all industries, the short to medium term objective was to leverage established relationships and capitalise on significant opportunities in defence, the broader defence industry ecosystem, legal and finance sectors.

As budgets increased to address the growing risk of cyber-security attacks, he said the company expected to benefit directly from increased investment into securing confidential data.

Commercial discussions

archTIS continues to progress commercial discussions with several government agencies, which it expects to convert to commercial contracts in the second half of 2019.

Strategic partnerships with leading companies, such as Axiomatics and Oracle, leading cloud providers (Vault and AWS), and systems integrators (Cirrus Networks and DXC) also bolster the company’s offering and position it alongside complementary products and services.

Partnerships with Deloitte and KPMG place the archTIS technology as part of their technology solution for global clients, provide direct access to a broad and established customer base.

READ: archTIS founder and chief technology officer buys 90,000 shares on-market

Lai said this would help the company accelerate its global brand and drive sales.

“Already, we have identified important opportunities within the non-government sector, which we expect to be able to progress into commercial agreements in the coming months.”

“Critical turning point”

In an update to shareholders, the managing director said: “Whilst the performance of our share price since listing has been disappointing, we do not believe it accurately reflects the underlying potential of the company and its technology.

“We are now at a critical turning point with the imminent commercial launch of our flagship product, Kojensi Gov.

“We’re excited for this next phase in operations for the company. The response from potential clients to the demonstrations we have conducted of Kojensi Gov give us confidence in our potential to generate significant shareholder value,” he added.

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Tue, 02 Apr 2019 09:45:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217693/archtis-on-track-for-commercial-launch-of-kojensi-gov-information-sharing-platform-217693.html
<![CDATA[News - archTIS founder and chief technology officer buys 90,000 shares on-market ]]> https://www.proactiveinvestors.com.au/companies/news/216340/archtis-founder-and-chief-technology-officer-buys-90000-shares-on-market-216340.html archTIS Ltd (ASX:AR9) chief technology officer (CTO) and director Bruce Talbot has stepped up and bought 90,000 shares through on-market trades.

The purchase totalled $9,900 and increases Talbot’s overall holding to 7.28 million shares in the company.

Talbot's trading follows yesterday’s news that archTIS's Kojensi Gov Beta Program with the Commonwealth Attorney General's Department (AGD) has been expanded.

READ: archTIS gets nod to expand government work

archTIS is a Canberra-based firm that specialises in the design and development of products, solutions and services for secure information sharing and collaboration.

Established in 2006, archTIS has over 10 years’ experience delivering secure information and identity management services and solutions within the highest security levels of the Australian Government.

Kojensi Gov is secure content and collaboration cloud service tailored for the multi-level security information sharing and collaboration needs of government.

Final stages underway ahead of Kojensi Gov commercial release

Since listing in September 2018, the Company has focused on commercially launching its products.

Execution has been focused on two activities:

• Finalising product development and the release of a commercial version of the Kojensi Gov platform; and
• Building and executing our "go to market" strategy by establishing a network of strategic partners.

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Wed, 13 Mar 2019 15:09:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216340/archtis-founder-and-chief-technology-officer-buys-90000-shares-on-market-216340.html
<![CDATA[News - archTIS gets nod to expand government work ]]> https://www.proactiveinvestors.com.au/companies/news/216234/archtis-gets-nod-to-expand-government-work-216234.html archTIS Ltd (ASX:AR9) has revealed that the Kojensi Gov Beta Program with the Commonwealth Attorney General's Department (AGD) has been expanded.

The evaluation program underway, which is focused on information secturity, will now include the Commonwealth Government’s Aged Care Royal Commission. 

The expanded program doubles the number of users and significantly expands the use case of the Kojensi Gov offering.

The AGD expansion provides strong validation of the Kojensi Gov product offering and demonstrates the value attributed to the offering by the AGD.

The formal commercial launch of Kojensi Gov remains on track for the June half of 2019.

READ: archTIS Ltd finalising June quarter Kojensi Gov commercial launch

archTIS’s managing director Daniel Lai said: “I am very pleased that the Attorney General’s Department has expanded the Beta Program to the Aged Care Royal Commission.

“This indicates one of the many use cases for Kojensi Gov in the market that requires secure trusted information sharing and collaboration.

“Most importantly archTIS is pleased that, such an important event as the Aged Care Royal Commission which demands the highest standards and integrity, sees that potential in our product.”

Customer base expansion

In parallel with the Beta Program, Kojensi Gov is undergoing a certification process to permit the holding of classified information up to the PROTECTED level.

Once received, the certification will significantly expand the company’s potential customer base with the certification process expected to be completed in April 2019. 

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Tue, 12 Mar 2019 11:18:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216234/archtis-gets-nod-to-expand-government-work-216234.html
<![CDATA[News - archTIS Ltd finalising June quarter Kojensi Gov commercial launch ]]> https://www.proactiveinvestors.com.au/companies/news/216144/archtis-ltd-finalising-june-quarter-kojensi-gov-commercial-launch-216144.html archTIS Ltd (ASX:AR9) specialises in software platform development in Australia. It is run by information sharing specialist Daniel Lai and chaired by Australia's former defence and foreign affairs minister Stephen Smith.

Lai, an investor in the company, has extensive experience in senior management roles in the Australian Government, leading a single information environment initiative for  the Department of Defence and spearheading enterprise change at Australian Customs and Border Protection Service.

Former Labor Party federal politician Smith is a University of Western Australia international law professor and former Member for Perth who had a 20-year career in politics.

What does archTIS own?

The key asset is the Kojensi Gov information sharing platform.

A cloud version of the system was beta tested at the Australian Commonwealth Attorney General’s Department (AGD) in December 2018 and built on top of a solution used inside the nation’s Defence Department.

archTIS has previously shared its plans to host Kojensi Gov on its partner Vault System’s Australian Signals Directorate-certified cloud platform for government clients.

Kojensi Gov allows for communication and collaboration between select personnel in an agency, or across agencies.

System users can be granted differential access to different versions of a document in line with their respective security clearances.

Clearance can also be site and device specific, showing less information in insecure environments such as external sites like a Qantas lounge or while in insecure environments such as on open WiFi networks.

Collaborators using the system can share documents, comment on them and work simultaneously as they focus on being productive while keeping security in mind.

Kojensi Gov’s unique security model enables government agencies to share and collaborate on their information while meeting regulatory, security and sovereign compliance requirements.

The system enables productivity while ensuring a trusted environment that takes into account the security context.

archTIS’ strategic partner Vault has had the backing of a number of other high-profile former secretaries to government who have sat on the private company’s board since November 2017.

These include its chairwoman, former finance and health secretary Jane Halton and non-executive director, Department of Foreign Affairs and Trade (DFAT) former secretary Dennis Richardson, who was previously security director-general at the Australian Security Intelligence Organisation (ASIO) and an Australian ambassador to the US in the years following the 9/11 report.

archTIS the company has its origins in Australia’s national government response to the 9/11 attacks in the US and the challenges highlighted in the US Senate’s National Commission on Terrorist Attacks Upon the United States’ final 9/11 Commission Report.

Vault is backed by the Moelis Australia Ltd (ASX:MOE)’s Moelis Australia Government Infrastructure Fund and was founded by former JN solutions chief executive officer Rupert Taylor-Price.

archTIS is also working with attribute-based access control provider Axiomatics, giving archTIS access to the financial sector, new data sets and new applications for its systems.

Canberra-based archTIS paid down all debt in December quarter and expects a material decrease in its cash burn after it launches the system in the second half of the June half-year.

It expects to spend $60,000 a month until the Kojensi Gov commercial launch, which is tipped for the June quarter.

The company’s cash outflows were $1.9 million in the December quarter as it generated $169,000 from customers.

It had $5.4 million cash on December 31 and forecast $1.8 million of cash outflows for the March quarter in its latest quarterly report.

Inflection points

Commercial launch of Kojensi Gov

archtTIS product revenue milestones

Continued client sign-ups to the company’s information systems offerings

Ongoing outputs from its collaboration with Vault and access to its clients in the cloud

Product development outcomes enabled by more revenues and fundraising

CEO Daniel Lai outlines system’s key points of difference

“What we are trying to solve is (an) information sharing challenge,” archTIS chief executive officer and executive director Daniel Lai told Proactive Investors in a Big Picture interview last December.

“We built security into the base of the system and then built how people collaborate and use that information on top of it.

“It was fundamentally put down at the base and not added on as an afterthought afterwards.”

 

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Mon, 11 Mar 2019 16:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216144/archtis-ltd-finalising-june-quarter-kojensi-gov-commercial-launch-216144.html
<![CDATA[News - archTIS chief executive officer Daniel Lai buys more shares ]]> https://www.proactiveinvestors.com.au/companies/news/214411/archtis-chief-executive-officer-daniel-lai-buys-more-shares-214411.html archTIS Ltd (ASX:AR9) chief executive officer Daniel Lai has purchased 90,000 shares at 11 cents each through on-market trades.

The $9,900 purchase increases his total shareholding to 7,374,252 shares.

READ: archTIS prepares for commercial launch of Kojensi Gov cybersecurity platform in April

The company is preparing for the commercial launch of its Kojensi Gov cybersecurity platform in April 2019 after completion of beta testing with the Commonwealth Attorney General’s Department (AGD).

The beta testing will gather feedback on interface usability and utility of Kojensi Gov’s features for the secure sharing of classified information.

Formal user testing by AGD is scheduled to start this month, ahead of the commercial launch which remains on track for April 2019.

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Tue, 12 Feb 2019 15:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214411/archtis-chief-executive-officer-daniel-lai-buys-more-shares-214411.html
<![CDATA[News - archTIS prepares for commercial launch of Kojensi Gov cybersecurity platform in April ]]> https://www.proactiveinvestors.com.au/companies/news/213575/archtis-prepares-for-commercial-launch-of-kojensi-gov-cybersecurity-platform-in-april-213575.html archTIS Ltd (ASX:AR9) is preparing for the commercial launch of its Kojensi Gov cybersecurity platform in April after completion of beta testing with the Commonwealth Attorney General’s Department (AGD).

The beta testing will gather feedback on the usability of the interface and utility of Kojensi Gov’s features for the secure sharing of classified information.

Formal user testing by AGD is scheduled to start in February, ahead of the commercial launch which remains on track for April 2019.

 

The company entered into a strategic partnership and reseller agreement last quarter with Axiomatics Inc, a global leader in attribute-based access control (ABAC).

Axiomatics’ products provide dynamic authorisation solutions for applications, databases, big data, microservices and APIs.

They are developed to industry standard and are utilised by Global Fortune 2000 companies and government agencies worldwide.

READ: archTIS begins beta testing cloud-based version of information security platform

Under the Axiomatics agreement, archTIS will expand its product offering to include Axiomatics’ dynamic authorisation technology delivered through advanced ABAC solutions.

This will be provided both as a standalone product and integrated into the company’s Kojensi information sharing and collaboration technology.

Axiomatics’ product suite is highly-complementary to archTIS’ technology and extends its secure information sharing solution to include the protection of additional data sets and applications.

READ: archTIS takes collaborative approach to trusted information sharing

During the December quarter, archTIS’ net operating cash outflows amounted to $1.88 million.

Cash receipts from customers were $169,000 for the quarter, down from $762,000 in the prior quarter.

This trend in revenue is consistent with the winding back of the company’s consulting business.

Net cash outflows from January 1, 2019 until the launch of Kojensi Gov in April is expected to be consistently at $600,000 a month until development is complete.

Once the product is launched, archTIS expects cash outflows to materially decrease.

READ: archTIS teams with dynamic authorisation specialist to expand its market

The company paid $300,000 of debt during the quarter, leaving it debt free.

Its cash balance at the end of the December quarter was $5.4 million which, based on current planned expenditure, is enough to begin commercialising the Kojensi platform.

Kojensi Gov has a unique security model that enables government agencies to share information and collaborate whilst meeting regulatory, security and sovereign compliance requirements for up to ‘protected’ classified information.

The AGD is pivotal to delivering programs and policies to Australia's law and justice framework and as such, is ideally suited to beta test archTIS’ secure information sharing platform.

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Wed, 30 Jan 2019 00:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213575/archtis-prepares-for-commercial-launch-of-kojensi-gov-cybersecurity-platform-in-april-213575.html
<![CDATA[News - archTIS begins beta testing cloud-based version of information security platform ]]> https://www.proactiveinvestors.com.au/companies/news/211354/archtis-begins-beta-testing-cloud-based-version-of-information-security-platform-211354.html archTIS Ltd (ASX:AR9) has started beta program activities with the Commonwealth Attorney-General’s Department (AGD) to test market readiness of a new cloud-based version of the Kojensi Gov information security platform.

Formal user testing of this Kojensi Gov technology, which provides a secure platform for the management and sharing of sensitive information, is scheduled to go live in January 2019.

This will ensure AGD staff are available for the testing and monitoring of the platform after the festive season break.

READ: archTIS takes collaborative approach to trusted information sharing

archTIS managing director Daniel Lai said: “Our beta program is crucial for testing the market readiness of archTIS’ new cloud-based version of Kojensi Gov to help ensure its commercial success when launched next year.

“We have now commenced beta program activities and are familiarising end user clients in the Attorney-General’s Department.”

This month archTIS is providing Kojensi Gov product and feature familiarisation sessions for AGD beta participants.

Testing program of up to 12 weeks

In addition, company engineers are working closely with AGD technicians and secure cloud service provider, Vault Systems, to ensure technical connections are in place for the testing period of up to 12 weeks.

A key objective of the beta program is to enable the AGD to provide feedback on usability of the interface and the utility of Kojensi Gov features for securely sharing classified information.

READ: archTIS teams with dynamic authorisation specialist to expand its market

Commercial release of the cloud-based version of Kojensi Gov is on track to be launched in the first half of 2019 and archTIS plans to begin the on-boarding of trial and paying subscribers from this date.

Lai said: “I am pleased by the enthusiastic response we have received already.

“We look forward to the commencement of user testing in January 2019 and receiving their feedback on the platform.”

READ: archTIS beats 2018 revenues in ASX-debut quarter

The company is continuing to forge strategic relationships to expand its Kojensi suite of secure content collaboration and information sharing software products.

archTIS’ strategic partnership with Vault Systems provides a solid foundation from which to secure a range of government and commercial customers requiring market-leading information security services.

Potential for strong growth

The Canberra-based company said the scalability and affordability of the archTIS platform provided the potential for strong growth in recurring income streams.

Considerable investment has been made to date to ensure that the Kojensi platform is highly user-friendly whilst also providing significant information security protection.

Unique security model

Kojensi Gov has a unique security model that enables government agencies to share information and collaborate whilst meeting regulatory, security and sovereign compliance requirements for up to ‘protected’ classified information.

The AGD is pivotal to delivering programs and policies to Australia's law and justice framework and as such, is ideally suited to beta test archTIS’ secure information sharing platform.

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Tue, 18 Dec 2018 09:39:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211354/archtis-begins-beta-testing-cloud-based-version-of-information-security-platform-211354.html
<![CDATA[News - archTIS takes collaborative approach to trusted information sharing ]]> https://www.proactiveinvestors.com.au/companies/news/210522/archtis-takes-collaborative-approach-to-trusted-information-sharing-210522.html archTIS Ltd (ASX:AR9) has its origins in Australia’s national government response to the 9/11 attacks in the US and is following a path towards commercialising its platforms for trusted digital information sharing in government.

The founders of archTIS were inspired by the outcomes of the World Trade Center attack and what the 9/11 Commission described as a generational challenge to show unity of effort by sharing information.

READ: archTIS teams with dynamic authorisation specialist to expand its market

The US Senate’s National Commission on Terrorist Attacks Upon the United States highlighted more lives could have been saved by increased information sharing over national borders, across government and between intelligence agencies.

More than 17 years on from the horror of September 11, 2001, the need to share classified information over trusted platforms is as relevant as ever.

archTIS managing director Daniel Lai spoke with Proactive Investors about the company’s origins and governments’ continued need for trusted digital information-sharing.

Lai said, “It’s really relevant now. It’s in the paper every day … what we are trying to solve is overwhelming.

“The 9/11 attacks … the issues of China and Department of Defence, Austal and the supply chain, Cathay Pacific – the critical thing to note is the overwhelming demand we’re trying to address to pursue (this) information sharing challenge.”

The Canberra-based information security company started out as BSTTech Consulting Pty Ltd in 2006, two years on from the final 9/11 Commission Report.

BSTTech later changed its name to archTIS, an acronym that can be expanded to architected, trusted information sharing.

Facilitating trusted information sharing is archTIS’ core business.

 

The company’s MD noted the 9/11 Commission’s review of the circumstances around the attacks in 2001 had returned two key findings of interest to the company’s founders, Bruce Talbot, Phillip Dean and himself.

He explained, “The US Senate Commission came out with a number of findings which were, to us, fundamentally interesting business problems to solve but, more importantly, essential business problems to solve because they impacted on human life.

“First and foremost the intelligence agencies that were responsible for protecting US citizens from these types of events had fundamentally failed to share information between themselves and also didn’t have the infrastructure to share information.

“The US Senate Commission found that they could have mitigated that event from occurring, that they had enough information that if they’d shared it and operated on it jointly, they could’ve prevented the incident from happening.”

A second finding came down to one of the most fundamental aspects of human relationships, trust.

Lai said, “The second finding out of that incident was that if the emergency services had shared information between themselves they could’ve saved a lot more lives than they did.

“So out of that whole tragic event came this issue of ‘how do we share information, what are the inhibitors to sharing information’?”

Trust plays a role.

Lai said, “The number one inhibitor to sharing of that information was actually trust.

“We didn’t trust each other enough to share that information, we didn’t think there was a need to know versus a need to share.

“And that was the paradigm change that really happened in the aftermath of that event.”

READ: archTIS beats 2018 revenues in ASX-debut quarter

The US Government, led by then-president George W Bush, established the Department of Homeland Security in 2002, as part of its response to 9/11.

Australia’s government agencies, including archTIS’ cornerstone client Department of Defence, also implemented changes as the nation became closer to the US.

Lai said, “John Howard, who was in the US at the time, became very close to George W Bush, and Australia and America started planning the war on terror.

“And that meant that they needed to share highly classified information.

“As these programs grew, Australia needed desperately a means to share and collaborate on highly-classified information and that’s where we came in.

“We delivered the first secure content collaboration platform accredited to top secret by the US and the Australian government to host that information.”

archTIS delivered the bespoke system now in its third version in 2006, seeing it put it into production in 2007.

Kojensi Gov

The Konjenski Gov information sharing platform that archTIS is commercialising was built on top of the solution used inside of Defence.

archTIS plans to host Kojensi Gov on its partner Vault System’s Australian Signals Directorate-certified cloud platform for government clients.

Kojensi allows for communication and collaboration between select personnel in an agency, or across agencies.

System users can be granted differential access to different versions of a document in line with their respective security clearances.

Lai said, “The paradigm change was we built security into the base of the system and then built how people collaborate and use that information on top of it.

“It was fundamentally put down at the base and not added on as an afterthought afterwards.”

Kojensi is also an ecosystem for collaboration and sharing in a variety of high-security and low-security environments.

For example, a person allowed to see restricted or highly-classified information could view that information over a secure network, but if accessing the internet from an open WiFi network could not see the restricted information at that time, on that device.

Collaborators using the system can share documents, comment on them and work simultaneously as they focus on being productive while keeping security in mind.

 

Kojensi Gov’s unique security model enables government agencies to share and collaborate on their information while meeting regulatory, security and sovereign compliance requirements.

Lai explained, “We had to come up with a new security model to emulate the way that people produced, consumed, shared information and we utilised a framework called attribute data-access control to do that.

“The difference between the current ways of doing it, which is roles and proofs, is that they had two attributes, your role and your proof.

“When you want to go fine grain, when you want to understand your nationality, who you work for, your security clearance, whether or not you should be allowed to see that brief, what is your role in the operation, what don’t you need to know, which devices you’re seeing on, all of a sudden you have a whole range of attributes which need to be made compliant with.

“(They also need to be) flexible and agile to suit the person, of how they use that information and access that information.”

Trust came into play again.

Lai said, “The security model’s the first differentiator and the second differentiator is how we solved trust in that.

“Trust is in a human being is not a technology and what we learned here was that if somebody wishes to share information which is of high value to them, they don’t just want to hand it over to someone who then has access to it and can do with it whatever they want.

“They still want to maintain control of that information when they share it. If I share my information with you, I set the terms and conditions of how you can use that information.

“Let’s say I share a piece of information with you and I say to you that you’re not allowed to pass that information on to anybody else – it can’t leave this space that I control and only you can access it.

“Say I’m in the Qantas Club and I log into the Qantas network and it’s a publicly-open network, it’ll automatically say this is an untrusted network, you can only see unclassified information.

“But if I walk into a secure location it can generate it to secret.

“That has huge implications for how we apply security, and compliance, and present information in a certain context, depending upon your contextual view.”

READ: archTIS signs Attorney General’s Department as first beta client for its new technology platform

Konjenski Gov will be beta-tested at the Australian Attorney-General Department from this month after it was launched in alpha form at the Technology in Government Conference in the Australian Capital Territory in August 2018.

The beta-testing period will last about 12 weeks before an expected commercial launch of the product.

Lai indicated the company remained on track for a commercial launch of Konjenski Gov in the June 2019 half-year.

A cybersecurity consultancy to government for many years, archTIS expects to add additional clients to its Kojensi Gov user base after making 38 demonstrations on the back of its alpha launch at TIGC in Canberra.

Some potential end-users see the product as an alternative to the ubiquitous TRIM records management software now known as Micro Focus Content Manager

Lai was encouraged by the interest generated at TIGC last year, saying, “In all my years of working in the IT industry it was the first time that I’d ever seen people from government agencies on the first day seeing it and then coming back the next day with other people from their agencies saying ‘oh you’ve gotta see this’.

“We got an overwhelming response.”

Besides Defence and the Attorney-General’s Department, the Australian departments of Finance, and Foreign Affairs and Trade (DFAT) have been archTIS clients.

Building revenues

archTIS is a newcomer to the Australian Securities Exchange, listing on the Australian market in September 2018.

It was upfront during its initial public offering campaign, rattling the tin to raise funds to commercialise Kojensi products.

Investors responded, subscribing to $8 million of new shares, with the funds now being deployed in the commercialisation of the platform.

Writing results

The company has built up its revenues since listing on the ASX.

It increased revenues by $103,000, or 19.75%, in the September 2018 quarter, when compared to the $574,000 revenues it wrote in the full 2017-18 financial year.

archTIS has reported its strategy to “maximise revenue growth is to focus on its next generation of cloud-based Kojensi products which will see customers pay per user per month.”

The company held $7.63 million on September 30, 2018.

People power

archTIS executive director Bruce Talbot founded the company in 2006, with now-MD Daniel Lai and principal consultant Phillip Dean coming on board in 2006-07.

A computer security systems specialist, Talbot spent 20 years with Australian Defence Force and 20 years more years with organisations such as the Australian Federal Police, Airservices Australia corporation, CA Technologies and Hitachi Vantara Australia Pty Limited.

Lai had extensive experience in senior management roles, previously leading a single information environment initiative for the Department of Defence and enterprise change as a service delivery manager at Australian Customs and Border Protection Service.

He joined archTIS early on in its history, heading up operations and sales before becoming managing director.

Dean was the inaugural chairman at archTIS after previously working in information technology at BHP.

Former Labor party federal politician Professor Stephen Smith joined the board in March 2018 as chairman of the company.

The University of Western Australia international law professor and former Member for Perth had a 20-year career in politics, serving as both as defence minister and foreign affairs minister.

archTIS’ strategic partner Vault has had the backing of a number of other high-profile former secretaries to government who have sat on the private company’s board since November 2017.

Former finance and health secretary Jane Halton became chairwoman of Vault while former defence and DFAT secretary Dennis Richardson joined as a non-executive director.

Richardson was previously security director-general at the Australian Security Intelligence Organisation (ASIO) and an Australian ambassador to the US in the years following the 9/11 report.

Vault was founded by former JN solutions chief executive officer Rupert Taylor-Price who also welcomed Moelis Australia Ltd (ASX:MOE)’s Moelis Australia Government Infrastructure Fund as a major investor in November 2017.

Capital structure

archTIS has a tight capital structure with its top 20 shareholders holding 63.89% of the company on September 20, 2018.

The Trust Company (Australia) Limited was the largest shareholder, holding 10.03%, while Cyber Security Investment Partners Pty Ltd was the second largest (9.9%), with HSBC Custody Nominees (Australia) Limited in third place (7.17%).

Founder Talbot and CEO Lai each had 5.88%, as did Possum Hill Pty Ltd, to round out the top six.

Also among the mix was J P Morgan Nominees Australia Limited with 1.98%, as the company’s ninth largest shareholder.

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Tue, 04 Dec 2018 16:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210522/archtis-takes-collaborative-approach-to-trusted-information-sharing-210522.html
<![CDATA[News - archTIS teams with dynamic authorisation specialist to expand its market ]]> https://www.proactiveinvestors.com.au/companies/news/209133/archtis-teams-with-dynamic-authorisation-specialist-to-expand-its-market-209133.html archTIS Ltd (ASX:AR9) has entered into a strategic partnership with global access control specialist, Axiomatics Inc, to complement its information sharing technology platform.

Axiomatics is a leading provider of dynamic authorisation solutions which are utilised by Forbes Global 2000 companies and federal agencies across the world.

READ: archTIS signs Attorney General’s Department as first beta client for its new technology platform

archTIS is currently beta-testing its Kojensi secure content collaboration and information sharing platform with the Australian Attorney General’s Department.

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 the Kojensi and DataKloak cloud products.

 

archTIS managing director Daniel Lai told the Proactive Investors Stocktube video channel the strategic partnership and reseller agreement with Axiomatics would allow the companies to build their reputations in the attribute-based access control space.

Lai said: "It builds network reputations, expands the market for us, it provides complementary technology for archTIS to expand into new data sets and new applications

"We offer them access to the government space and they offer us access to the financial sector, so it's a complementary strategic relationship.

"Most importantly, (the deal) allows archTIS to get into the commercial sector much faster."

Under the terms of its agreement with Axiomatics, archTIS will expand and complement its product offering to include Axiomatics’ ABAC solution which secures alternative data sets and applications.

archTIS’ existing secure microservices model, which underpins its core Kojensi technology, will also be enhanced by Axiomatics’ application authorisation and policy building capabilities, enabling Kojensi to secure alternative data sets and applications.

READ: archTIS beats 2018 revenues in ASX-debut quarter

archTIS' MD 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.”

— With Danielle Doporto, Amanda Ellis

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Wed, 14 Nov 2018 09:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/209133/archtis-teams-with-dynamic-authorisation-specialist-to-expand-its-market-209133.html
<![CDATA[Media files - archTIS positioned to penetrate commercial sector faster through Axiomatics deal ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11192/archtis-positioned-to-penetrate-commercial-sector-faster-through-axiomatics-deal-11192.html Wed, 14 Nov 2018 08:59:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11192/archtis-positioned-to-penetrate-commercial-sector-faster-through-axiomatics-deal-11192.html <![CDATA[Media files - archTIS' first quarterly since listing demonstrates 'momentum moving forwards' ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10862/archtis-first-quarterly-since-listing-demonstrates-momentum-moving-forwards--10862.html Tue, 16 Oct 2018 10:20:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10862/archtis-first-quarterly-since-listing-demonstrates-momentum-moving-forwards--10862.html <![CDATA[News - archTIS beats 2018 revenues in ASX-debut quarter ]]> https://www.proactiveinvestors.com.au/companies/news/207136/archtis-beats-2018-revenues-in-asx-debut-quarter-207136.html Archtis Ltd (ASX:AR9) raised $8 million from investors, listed on the Australian Securities Exchange and drew in $762,000 of customer receipts in a landmark September quarter.

The company, which listed on the ASX on September 21, today released its quarterly report and affirmed its capital raising would support the commercialisation of its Kojensi information sharing and collaboration products.

 

Barton, Canberra-based archTIS is currently beta-testing the Kojensi Gov platform with its first confirmed client, the federal Attorney General’s Department.

archTIS managing director & CEO Daniel Lai told Proactive Investors’ Stocktube channel the business was a demonstration of demand for the product which allows for secure information sharing.

Lai said: “For them to choose us ... demonstrates to us that we’re on the right track, the product’s meeting the demand that we targeted into the marketplace, but more importantly that there’s that need and demand there.”

Another achievement for the company in the September quarter was a strategic partnership for the secure Vault Cloud community cloud for critical and government infrastructure.

The Kojensi Gov platform was built on archTIS’ secure information sharing and collaboration platform currently being deployed by the Australian Department of Defence.

archTIS plans to host Kojensi Gov on Vault’s Australian Signals Directorate-certified cloud platform for government clients.

The company plans to launch its government-targeted product in the January 2019 financial quarter.

It has previously demonstrated the product which allows secure cross-agency information sharing at the Technology in Government Conference in Canberra on August 7, 2018.

READ: archTIS signs Attorney General’s Department as first beta client for its new technology platform

The company’s $677,000 September quarter sales revenues were a $103,000, or 19.75%, improvement on the $574,000 revenues it reported in the 2017-18 financial year.

archTIS reported its strategy was “to maximise revenue growth is to focus on its next generation of cloud-based Kojensi products which will see customers pay per user per month.”

The company held $7.63 million on September 30, 2018.

READ: archTIS teams up with cloud provider Vault Systems to service government sector

Lai told the market earlier today: “archTIS is building strong momentum since listing on the ASX and I am delighted at the tremendous response we have already had to our new product, Kojensi Gov.

“This verifies the market demand for this unique technology solution.

“I believe we are well positioned to capitalise on the significant global cyber security market, where we see growing demand for cloud-based content security solutions.

“I am very pleased with the progress made to date, and look forward to sharing further exciting updates as we move closer to launching Kojensi Gov.”

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Mon, 15 Oct 2018 22:58:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207136/archtis-beats-2018-revenues-in-asx-debut-quarter-207136.html
<![CDATA[News - archTIS signs Attorney General’s Department as first beta client for its new technology platform ]]> https://www.proactiveinvestors.com.au/companies/news/206624/archtis-signs-attorney-generals-department-as-first-beta-client-for-its-new-technology-platform-206624.html archTIS Ltd (ASX:AR9) has signed on the Australian Government’s Attorney General’s Department as the first beta client for its technology platform Kojensi Gov.

The Kojensi Gov technology platform has been built on archTIS’ secure information sharing and collaboration platform that is currently being used by the Australian Department of Defence.

Kojensi Gov has a unique security model that enables government agencies to share and collaborate on their information whilst meeting regulatory, security and sovereign compliance requirements.

 

The first public demonstration of Kojensi Gov was at The Technology in Government Conference in Canberra on 7 August 2018.

Following the highly positive response from participants at the conference, and leveraging an extensive network of government relationships, archTIS secured the Attorney General’s Department to be the first beta client.

READ: archTIS teams up with cloud provider Vault Systems to service government sector

The Attorney General’s Department is pivotal to delivering programs and policies to Australia's law and justice framework.

Securing the department as a foundation client for the beta phase provides key recognition for the reputation and capability of the archTIS technology.

The beta program will commence in December 2018 and is expected to continue for about 12 weeks.

The objective of the beta program is to enable organisations to provide feedback on the usability of the interface and the utility of Kojensi Gov features for securely sharing classified information, prior to its commercial release in early 2019 and the onboarding of paying subscribers.

READ: archTIS announces ASX listing

archTIS managing director Daniel Lai said: “We have been overwhelmed by the response we have received from Government Agencies and the interest in Kojensi Gov.

“I am delighted that the Attorney General’s Department has agreed to be a beta client and am looking forward to working closely with them.

“We are in discussions with other organisations interested in participating in the beta program and expect there will be further announcements in the near future.”

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Tue, 09 Oct 2018 12:37:00 +1100 https://www.proactiveinvestors.com.au/companies/news/206624/archtis-signs-attorney-generals-department-as-first-beta-client-for-its-new-technology-platform-206624.html
<![CDATA[Media files - archTIS "looking forward to a bright future" after listing, securing major beta test client ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10774/archtis-looking-forward-to-a-bright-future-after-listing-securing-major-beta-test-client-10774.html Tue, 09 Oct 2018 09:32:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10774/archtis-looking-forward-to-a-bright-future-after-listing-securing-major-beta-test-client-10774.html <![CDATA[News - archTIS teams up with cloud provider Vault Systems to service government sector ]]> https://www.proactiveinvestors.com.au/companies/news/205584/archtis-teams-up-with-cloud-provider-vault-systems-to-service-government-sector-205584.html archTIS Ltd (ASX:AR9) has entered into a strategic partnership with leading Australian certified cloud provider, Vault Systems Pty Ltd.

The partnership will deliver secure protected content and collaboration services to government and industry partners. 

Kojensi, archTIS’ next generation secure information sharing and collaboration product suite, will be hosted on Vault’s ASD certified cloud. 

The combined offering delivers a sovereign, hyperscale, proven and unique capability in secure information sharing and collaboration for government and critical infrastructure entities. 

Both are trusted providers to government

archTIS’s managing director Daniel Lai said: “Both Vault and archTIS have deep government experience and an acute understanding of the challenges governments face to collaborate in a secure environment.

“This has seen us both become trusted providers to government departments and agencies over the years.”

“Our strategic partnership combines archTIS’ next generation of secure information sharing and collaboration products, Kojensi, with Vault’s ASD certified cloud, creating a powerful solution for government and commercial clients.

“We are actively working on a number of initiatives to fully leverage this strategic partnership and look forward to announcing these in coming months.”

Beta version to be launched in December quarter 2018

archTIS will launch its beta version of Kojensi Gov on the Vault Cloud in the December quarter of this year.

This will be followed by more in-depth testing with Federal Government agencies and a commercial market launch in early 2019.

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Tue, 25 Sep 2018 08:42:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205584/archtis-teams-up-with-cloud-provider-vault-systems-to-service-government-sector-205584.html