The company has requested shareholders to support a special resolution at the general meeting to change the company name to Cipherpoint Limited.
The board has proposed the change of name on the basis that the new name is more readily associated with the company’s current and intended business operations and therefore provides a more marketable name and brand for the company moving forward.
Specifically, the name reflects that the company’s business operations will centre upon the Cipherpoint Eclipse security product set.
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.
Shareholders can vote before 9:00 am on Sunday 15 December 2019 by visiting https://www.votingonline.com.au/covatadecember2019
Voting can also be done by scanning the following QR code using a smartphone camera.