Brief: Archtis Acquires Technology Assets Of Cipherpoint's Software Division

Archtis

20/09/2021 03:11

Sept 20 (Reuters) - Archtis Ltd  AR9.AX :
    * PURCHASE OF SELECT ASSETS INCLUDING CUSTOMERS, TECHNOLOGY
AND
EUROPEAN OPERATIONS OF CIPHERPOINT'S SOFTWARE DIVISION.
    * ACQUISITION BEING IMMEDIATELY ACCRETIVE TO EARNINGS
    * PURCHASE PRICE CONSISTS OF A$1.4M IN CASH
    * IN ADDITION, FURTHER CONSIDERATION OF UP TO A$1M TO BE
PAID
BASED ON TOTAL CONTRACT VALUES OF CONTRACTS ASSIGNED TO CO AS OF
31 MARCH 2022

Source text for Eikon:  ID:nASXcbyqqt 
Further company coverage:  AR9.AX 

 ((Reuters.Briefs@thomsonreuters.com;))