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Covata updates on transition to content services and dataglobal acquisition

Covata Ltd (ASX:CVT) managing director Ted Pretty speaks to Proactive Investors on the company’s transition to content services and broadening the market as well as its acquisition of German company dataglobal GmbH.
 
Pretty notes the company has had some significant recent transactions and raised $2 million in additional capital earlier this year. 
 
Covata also agreed to sell the SafeShare part of the business for around $5 million.
 
This forms part of a transformation as the company plans to trade in future as dataglobal Limited after completing the acquisition of the German-based company.

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ASX:CVT
Market: ASX
Market Cap: $2.81 m
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Covata simplifies operating model with focus on data security solutions

Covata Ltd (ASX:CVT) executive director Steven Bliim updates Proactive Investors on the global tech company’s strategy to better enhance the security of its data solutions. In order to simplify its operating model, Covata has divested some of its assets and continues to make progress on...

on 26/3/19

2 min read