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Covata’s proposed name change reflects renewed focus on CipherPoint Eclipse product

The company has requested shareholders to support the resolution to change its name to Cipherpoint Limited.

Covata Ltd - Covata’s proposed name change reflects renewed focus on CipherPoint Eclipse product
Covata has already launched its new website www.cipherpoint.com

Covata Ltd (ASX:CVT) has despatched a Notice of Meeting for a change in the company name to Cipherpoint Limited.

The meeting will be held on Tuesday, December 17 at 9 am at Nexia, Level 16, 1 Market Street Sydney.

The company has requested shareholders to support the resolution for change of name as part of its rebranding and marketing relaunch.

CipherPoint Eclipse

CipherPoint Eclipse, Covata’s data security and privacy compliance solution for Microsoft SharePoint, is unique in its ability to control access to data, keeping privileged IT administrators, and outside attackers that target IT-level access, from being able to view sensitive information.

The Eclipse product was further improved this year, with Covata extending the solution to be able to provide greater security for documents stored in Microsoft OneDrive and SharePoint Online.

Consistent with the name change, Covata has already launched its new website www.cipherpoint.com.

German presence

The company will shortly establish its presence in Heilbronn, Germany in December with two resources relocating from Sydney to service Covata’s major Fortune 500 German customer, DHL, and to expand its business in the DACH region (Germany, Austria and Switzerland).

ASX suspension review

The company has had discussions with the ASX regarding its suspension and the conditions to reinstatement.

Covata anticipates that it will be reinstated to trading pending completion of half-yearly accounts, receipt of the outstanding balance of payment from Cybr5 Pty Ltd and receipt of its R&D rebate - both are expected within the next week.

Quick facts: Cipherpoint Ltd

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ASX:CVT
Market: ASX
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