Sign up Australia
Proactive Investors - Run By Investors For Investors

Covata Ltd's data encryption solutions gain traction in UK

Covata Ltd's data encryption solutions gain traction in UK

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.

View full CVT profile View Profile

Covata Ltd Timeline

November 21 2014

Related Articles

March 17 2017
Andrew McLellan discussed with investors wiresless tracking technology.
November 16 2017
Thred's Geoff Marshall at Proactive's CEO Sessions in Melbourne and Sydney.
picture of truck
October 25 2017
AMP acquired Billingtons from Drax for £2mln. Of that, £1.6mln is being paid in shares to give the power station operator just over a 4% stake

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use