http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Tue, 17 Oct 2017 12:56:58 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Covata signs licensing deal with U.S. sporting association ]]> http://www.proactiveinvestors.com.au/companies/news/185421/covata-signs-licensing-deal-with-us-sporting-association-185421.html Covata Ltd (ASX:CVT) has signed a licensing agreement for its ‘CipherPoint Eclipse’ solution with a national franchised sporting association in the U.S.

CipherPoint Eclipse allows organisations to locate personal data, encrypt that information, centrally manage permissions to protect against unauthorised access, and log all access requests.

Significantly, this is the first client win in the sports entertainment sector for Covata.

The sale includes an upfront perpetual licence worth US$46,000. After the end of the first year, US$10,000 is payable annually for ongoing maintenance.

This deal is an early win following Covata’s recent acquisition of US-based CipherPoint Software, Inc in August.

The sporting association will use the service to protect the privacy of stored personal data, and other regulated information stored within its repositories.

It must do so to comply with mandatory data privacy regulations, and the European Union’s general data protection regulation (GDPR) which comes into effect in May 2018.

Using CipherPoint Eclipse, the sporting association will be able to identify and locate sensitive and regulated data in SharePoint, with the opportunity to extend this to Office 365 in the future.

This deal demonstrates the broad variety of industries requiring data-centric solutions to protect their sensitive information and Covata’s growing sales momentum in the U.S. market.

The company’s share price increased circa 76% during the past three months, closing at $0.058 on Wednesday.

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Thu, 12 Oct 2017 08:47:00 +1100 http://www.proactiveinvestors.com.au/companies/news/185421/covata-signs-licensing-deal-with-us-sporting-association-185421.html
<![CDATA[News - Covata signs new information security agreement with Macquarie Telecom ]]> http://www.proactiveinvestors.com.au/companies/news/183353/covata-signs-new-information-security-agreement-with-macquarie-telecom-183353.html Covata Ltd (ASX:CVT) has entered into a new agreement with Macquarie Telecom Group (ASX:MAQ) to continue to resell Covata’s SafeShare secure collaboration solution to government users.

The company’s shares were last trading circa 14% higher intra-day, at $0.074.

Covata’s Safe Share solution protects information at a data-level and allows the efficient sharing of data across internal and external stakeholders, devices, networks and geographic regions.

Macquarie Telecom currently offers Safe Share either as a dedicated or shared hosted service under its SIGBOX brand to 23 government departments.

Built exclusively for the government, SIGBOX enables users to share, store and collaborate sensitive data between agencies and approved third parties, and is secured up to “Protected” classification.

The new agreement between Covata and Macquarie is for a three year term, which commenced on 1 September 2017.

Covata is expected to gain additional revenues from increased user fees coupled with the potential for future growth in the user base and a development contribution from Macquarie.

Incidentally, Covata has also signed an agreement with a UK government agency for a 30-day trial commencing in September.

Information for this trial will be used by both that agency and also Covata to develop relevant government use cases for securing sensitive policy files.

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Mon, 04 Sep 2017 14:53:00 +1000 http://www.proactiveinvestors.com.au/companies/news/183353/covata-signs-new-information-security-agreement-with-macquarie-telecom-183353.html
<![CDATA[News - Covata acquiring U.S. data security company to enhance its platform ]]> http://www.proactiveinvestors.com.au/companies/news/182557/covata-acquiring-us-data-security-company-to-enhance-its-platform-182557.html Covata (ASX:CVT) has undertaken a major initiative by entering into an agreement to acquire U.S. data security company CipherPoint, to enhance Covata’s existing data security platform (DSP).

CipherPoint’s data security suite ‘CipherPoint Eclipse’ allows organisations to locate sensitive data, encrypt that information and log all access requests to secure sensitive data.

The potential benefits of this transaction include extensive data discovery tools, protection of SharePoint files and Microsoft integrations that will form part of Covata’s DSP.

The acquisition will also result in an additional pool of customers, including the U.S. army, Arthur J. Gallagher & Co., DARPA, a space agency based in the U.S. and a Singaporean government agency.

Covata also intends to enhance its data security offering by building and deploying an integrated data security platform or data-centric audit and protection platform.

The expanded offering will include features like sensitive data discovery, access and policy control, data loss prevention and user behaviour analytics.

The new platform is likely to be deployed in the Microsoft Azure public cloud, in private and hybrid clouds, and on-premises.

By 2020, data-centric audit and protection products are likely to replace disparate data security tools in 40% of large enterprises, up from less than 5% today.

Covata’s pedigree as a data security company with a well-developed intellectual property is expected to help it advance from a secure collaboration product company to becoming a DSP leader.

The company’s share price more than doubled during the last one month and closed at $0.068 on Wednesday.

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Thu, 17 Aug 2017 09:06:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182557/covata-acquiring-us-data-security-company-to-enhance-its-platform-182557.html
<![CDATA[News - Covata shares rise on new cloud deployment on Microsoft platform ]]> http://www.proactiveinvestors.com.au/companies/news/182301/covata-shares-rise-on-new-cloud-deployment-on-microsoft-platform-182301.html Covata Ltd (ASX:CVT) shares were trading 21% higher intra-day after deploying its flagship solution, Safe Share on Microsoft’s Azure Cloud platform.

Safe Share protects information at a data-level and allows the efficient sharing of data across internal and external stakeholders, devices, networks and geographic regions.

The alignment with Microsoft is a compelling proposition for Covata and its customers as 80% of the Fortune 500 companies are on the Microsoft Cloud.

Microsoft is set to surpass 100 mln Office 365 users in 2017, and more than 250,000 organisations are now using SharePoint.

The Australian Signals Directorate (ASD) recently certified the Microsoft Azure platform and Microsoft Office 365 services for inclusion on the ASD Certified Cloud Services List (CCSL).

Importantly, Covata’s products and services will also be available on this platform enabling government agencies to process and store information holding Australian government sensitivity markers.

Covata’s secure collaboration products will also continue to be available to government users through Macquarie Telecom as a dedicated or shared hosted service under its SIGBOX brand.

SIGBOX enables users to share, store and collaborate data between agencies and approved third parties.

Built exclusively for government agencies, SIGBOX Secure dropbox can share files instantly and is secured up to “protected” classification.

Covata’s share price has increased circa 76% during the past three months, last trading at A$0.051.

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Fri, 11 Aug 2017 13:28:00 +1000 http://www.proactiveinvestors.com.au/companies/news/182301/covata-shares-rise-on-new-cloud-deployment-on-microsoft-platform-182301.html
<![CDATA[News - Covata Ltd in $13.2M cash raiser from Fidelity, TPG ]]> http://www.proactiveinvestors.com.au/companies/news/134819/covata-ltd-in-132m-cash-raiser-from-fidelity-tpg-68918.html Covata Ltd (ASX:CVT) has secured $13.2 million in a strategic equity placement from prominent fund managers and investors, including Fidelity International and TPG Telecom Ltd (ASX:TPM).

The placement of 57,728,748 ordinary Covata shares is at a price of $0.23 each.

TPG Telecom and Fidelity International have now increased their holdings in Covata from 13.49% to 14.49% and 7.44% to 9.91% respectively.

Covata provides a platform for data-centric security that enables businesses and government agencies to integrate data-centric security into applications, products, and services.

In 2015, the company landed a 10-year licencing agreement with Cisco (NASDAQ:CSCO) for the Covata platform and related products, with a focus on delivering Covata technology to Cisco clients.

Over the last two quarters, Covata has also made headway within the UK Government sector.

As part of the UK progress, Covata is set to enter into a reseller agreement with the Foreign & Commonwealth Office Services (FCO) by June 2016.

The FCO is charged with protecting British interests around the world, employing 14,000 people in nearly 270 diplomatic offices.

The new funding for Covata is on top of a $7.7 million cash balance held on 31 March 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 31 May 2016 10:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134819/covata-ltd-in-132m-cash-raiser-from-fidelity-tpg-68918.html
<![CDATA[News - Covata Ltd to outline capital raising ]]> http://www.proactiveinvestors.com.au/companies/news/134818/covata-ltd-to-outline-capital-raising-68856.html Cloud-focused Covata Ltd (ASX:CVT) is heading to market with a capital raising, and the ASX has granted the company a trading halt to complete.

The halt will remain in place until the opening of trade on Monday 30th May 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 26 May 2016 19:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/134818/covata-ltd-to-outline-capital-raising-68856.html
<![CDATA[News - Covata Ltd's data encryption solutions gain traction in UK ]]> http://www.proactiveinvestors.com.au/companies/news/134817/covata-ltds-data-encryption-solutions-gain-traction-in-uk-67775.html Covata Ltd (ASX:CVT), a data encryption security solutions company, has been named as the provider of  encryption software in a tender submitted by a large multi-national corporation (tenderer) to a UK government agency.

Covata provides an extensible platform for data-centric security that enables businesses, government agencies, vendor partners, and service providers to integrate data-centric security into applications, products, and services.

The tender pertains to a software infrastructure project involving health care and other sensitive information.

As part of Covata’s participation in the tender, the company has discussed indicative pricing terms with the tenderer.

The finalisation of Covata’s engagement as the software provider remains subject to the tenderer and Covata entering into a formal reseller agreement.

Covata will make further announcements as to the exact nature, extent and terms of its involvement in the project during the coming weeks.

On 18 March 2016, Covata was added to the All Ordinaries Index (XAO) representing the 500 largest companies by market capitalisation listed on the ASX. This can be a positive step for a company as index listed companies can enjoy increased investment by index fund managers.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Thu, 31 Mar 2016 11:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134817/covata-ltds-data-encryption-solutions-gain-traction-in-uk-67775.html
<![CDATA[News - Covata Limited to reveal strategic investment ]]> http://www.proactiveinvestors.com.au/companies/news/134816/covata-limited-to-reveal-strategic-investment-65710.html Covata Limited (ASX:CVT) is preparing to outline details of a strategic investment into the company, with the ASX granting the company a trading halt to finalise.

Recently the company completed the testing and G-Cloud framework procurement process to be accepted as a secure file sharing application for the UK Public Sector.

The halt will remain in place until the opening of trade on Monday 23rd November 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 20 Nov 2015 08:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134816/covata-limited-to-reveal-strategic-investment-65710.html
<![CDATA[News - Covata Limited in halt ahead of material transaction ]]> http://www.proactiveinvestors.com.au/companies/news/134815/covata-limited-in-halt-ahead-of-material-transaction-61434.html Covata Limited (ASX:CVT) has been granted an ASX trading halt in relation to a material transaction granting a global licence to a major industry participant and the conversion of performance shares.

The halt will last until the earlier of the announcement being made or the start of trade on Friday, 27th March 2015.

Covata has a new, patented approach to IT security.   

Its method protects data wherever and whenever it travels. It encrypts and protects the data itself, rather than trying to protect the system that contains the data.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 25 Mar 2015 15:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134815/covata-limited-in-halt-ahead-of-material-transaction-61434.html
<![CDATA[News - Covata looks to tap data security market ]]> http://www.proactiveinvestors.com.au/companies/news/134814/covata-looks-to-tap-data-security-market-59117.html Covata Limited (ASX:CVT) listed on 10th November at $0.20 and a market cap of $74 million after completing a reverse takeover of uranium explorer Prime Minerals.

The company is tapping into the global growth from costs of securing data assets from hackers.

Covata's method protects data wherever and whenever it travels. It encrypts and protects the data itself, rather than trying to protect the system that contains the data.

It also allows governments and corporations to use their own keys, rather than those provided on devices by manufacturers.

The technology can actually be embedded into other applications and pieces of software.

Covata has incorporated its encryption process into a data and file sharing app called Safe Share, creating a secure way to transfer information.

This is touted as being a superior alternative to Dropbox, which has been valued at around $10 billion.

Notably, TPG Telecom (ASX:TPM), capped at $6 billion, took at 15% stake in Covata at listing, via an outlay of $10 million at $0.20 per Covata share.

TPG is capped at $5.8 billion, and is also a CVT customer... in fact TPG paid Covata $2.7 million just for the privilege of selling  a small selection of four CVT-based products.

Covata's CEO is Chuck Archer Charles, former Assistant Director of the FBI in charge of the Criminal Justice Information Services Division, and frequently testified before the US Senate on advancing technology to prevent crime.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 21 Nov 2014 16:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134814/covata-looks-to-tap-data-security-market-59117.html
<![CDATA[News - Covata lists on ASX, to secure data ]]> http://www.proactiveinvestors.com.au/companies/news/134813/covata-lists-on-asx-to-secure-data-58806.html Covata (ASX:CVT) has begun trading on the ASX after raising $15 million at an offer price per share of A$0.20 per share.

At this price it would provide a $74 million market cap for the data security company.  The company listed after completing a reverse takeover of uranium explorer Prime Minerals.

The company enjoyed strong support from new institutional and high net worth investors which is tapping into the global growth from costs of securing data assets from hackers.

The company uses identification and time sensitive encryption keys as a part of its platform.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 10 Nov 2014 17:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/134813/covata-lists-on-asx-to-secure-data-58806.html