archTIS acquires US-based Direktiv’s assets in US$750K deal

Information security provider archTIS has acquired the assets, employees and customers of Direktiv in a deal worth a total of US$750,000 in cash.

The US-based software vendor was founded in 2021 and touts itself as a provider of event-driven orchestration solutions, allowing users to build workflows using containers or code in a severless platform.

The terms of the deal, which was announced on the Australian Securities Exchange (ASX), sees archTIS pay out the purchase price in three tranches, with the first tranche of US$350,000 made on settlement, followed by another US$250,000 six months after settlement and then US$200,000 after the 12-month mark.

According to the ASX statement, the deal will enable archTIS to enhance its zero trust security capabilities by integrating Direktiv’s attribute-based access control (ABAC) and event-driven orchestration platform into its own offerings.

“In particular, it will extend archTIS’ capabilities beyond safeguarding data to managing access controls across enterprise infrastructure, data lakes and applications,” the statement said. “This is crucial for regulated organisations mandated to implement zero trust architectures for defending against increasing cyber attacks.”

Additionally, Direktiv’s development and technology teams from Europe and Australia will be brought into archTIS to support the expansion of the provider’s product portfolio. This includes Direktiv founders Wilhelm Wonigkeit and Jens Gerke, who have been appointed to the roles of global architect and software engineering manager, respectively.

Daniel Lai, archTIS managing director and CEO, said the acquisition offers the provider a cloud-agnostic technology that will broaden its access to market and adds “valuable talent” into the business.

“The acquisition positions us to accelerate product improvements, shorten time to market and cross sell to offer our joint customers a comprehensive solution for securing and integrating various types of data using data-centric, zero trust enabled technology,” he said.

“The integration of Direktiv’s technology enhances our ability to implement zero trust across network, server and application data, establishing archTIS policy orchestration as the backbone connecting all of these points.

“Our enhanced capabilities for information security, data orchestration and AI governance will enable us to more rapidly grow our footprint in Australia, the US and global markets.”

In October, archTIS signed a $2.3 million contract with the Department of Defence to expand its NC Protect product licences within the agency.

The information security provider’s agreement to buy Direktiv is the latest example of a local business expanding its footprint internationally via mergers and acquisitions.