Excite Technology Reports Strong Growth and Acquisition

Cipherpoint Ltd (AU:EXT) has released an update.

Excite Technology Services Limited reported a successful year with a 17% increase in revenues to $8 million and a 31% increase in customer cash receipts to $8.65 million, alongside a 62% reduction in operating burn to $900,000. The company strengthened its market position through strategic partnerships and a focus on recurring revenues, customer retention, and high service standards. Furthermore, Excite has announced the strategic acquisition of CBIT Digital Forensics Services (CDFS), enhancing its offerings in digital forensics and cyber training.

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