Cipherpoint Limited (ASX:CPT) is progressing renewals and maintenance extensions for the cp.Protect (Eclipse) software in-line with internal expectations and historical rates of renewal.
In December and January, renewals received included the Office of the US Secretary of Defence (OSD) support group; global international service provider Arthur J Gallagher; and major US health provider Ballad Health (Mountain State Health Alliance).
Further renewals and extensions are due in the next quarter.
New sales opportunities doubled
Following increased focus and spend on digital lead generation activities, the number of leads and new opportunities in the company’s sales pipeline have more than doubled for cp.Protect and cp.Discover products.
cp.Protect puts control of the data in the hands of the data owner/manager, including blinding privileged users such as system administrators.
This reduces the risk of insider threat and ensures privacy compliance such as required by many national data laws.
Cipherpoint has also recently extended the features of cp.Protect to support customers using their own HSM for storage of encryption keys and integration with their Active Directory for user management.