Spirion LLC Acquisition & Capital Raising

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Stock Archtis Ltd (AR9.ASX)
Release Time 27 Aug 2025, 10 a.m.
Price Sensitive Yes
 archTIS Accelerates U.S. Expansion with Acquisition of Spirion LLC
Key Points
  • Purchase Price: Consideration of A$15.7M* equating to 0.9x FY25 annual recurring revenue (ARR)
  • Materially Increased Scale: Combined pro-forma FY25 ARR of A$21.8M
  • Strategic U.S. Expansion: Broadens U.S. market reach with Spirion's established customer base, technology, and operations
Full Summary

archTIS Limited (ASX:AR9, OTCQB:ARHLF), a global provider of data-centric software solutions, has signed an Asset Purchase Agreement to acquire the business assets, including the existing customer base, technology and employees of Spirion LLC, a U.S.-based Data Security Posture Management (DSPM) software provider. archTIS will purchase select Spirion assets for A$15.7M, equating to a multiple of 0.9x Spirion's FY25 ARR. The acquisition will expand archTIS' U.S. footprint and enhance its software portfolio with new DSPM offerings that are complementary to archTIS' products, enriching its foundational access control and data protection capabilities with Spirion's advanced data discovery and classification capabilities. The combined strengths of both product portfolios will lead to an enhanced suite of solutions for managing data security governance. The acquisition is a highly revenue-accretive transaction that immediately adds A$17M in scalable ARR, building on archTIS' recent U.S. Department of Defense contract win. The acquisition will be funded through a A$20.5M equity capital raising, comprising a A$3.5M placement and a fully underwritten 1-for-3 accelerated non-renounceable entitlement offer to raise approximately A$17M.

Guidance

The acquisition will immediately add A$17M in scalable annual recurring revenue (ARR) to archTIS, based on Spirion's FY25 performance.

Outlook

The acquisition will expand archTIS' U.S. footprint, enhance its software portfolio, and create a comprehensive data-centric security platform to protect clients. The combined strengths of both product portfolios will lead to an enhanced suite of solutions for managing data security governance.