Excite Technology Services strengthens cyber security offering with CBIT acquisition

Proactive - Interviews for investors

Excite Technology Services Ltd (ASX:EXT) executive director and CFO Steven Bliim talked with Proactive’s Tylah Tully about the company’s positioning as a unique cyber security provider on the ASX, with a current market capitalisation of $20 million. Bliim outlined the company’s main business segments, including cyber consulting, IT managed services and their newly acquired digital forensics and training segment through the recent CBIT acquisition. Bliim described CBIT as a digital forensics and consulting organisation serving notable clients like the Department of Defence and other Federal Government agencies. He emphasized how CBIT enhanced Excite’s capabilities in digital forensics and incident response by managing cyberattack investigations and ensuring evidence was scientifically collected and court-admissible if necessary. Discussing Excite’s latest quarterly results, Bliim shared how revenue from customer receipts reached $2 million, with operating costs reduced to nearly break-even. He noted that if CBIT had been included earlier, the quarterly receipts would have totaled approximately $6.3 million with a positive cash flow of $840,000. Bliim highlighted Excite’s recent success in attracting major institutional investors and emphasized that the company is positioned for growth in the cyber security market. #ProactiveInvestors #ExciteTechnology #ASX #ExciteCyber #CyberSecurity #InvestorUpdates #CeBITAcquisition #ASXMarket #DigitalForensics #TechInvesting #QuarterlyResults #InstitutionalInvestors #ProactiveInterviews