Proactiveinvestors USA & Canada Covata Ltd https://www.proactiveinvestors.com Proactiveinvestors USA & Canada Covata Ltd RSS feed en Tue, 23 Jul 2019 17:18:05 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Covata Ltd in $13.2M cash raiser from Fidelity, TPG ]]> https://www.proactiveinvestors.com/companies/news/134819/covata-ltd-in-132m-cash-raiser-from-fidelity-tpg-68918.html Covata Ltd (ASX:CVT) has secured $13.2 million in a strategic equity placement from prominent fund managers and investors, including Fidelity International and TPG Telecom Ltd (ASX:TPM).

The placement of 57,728,748 ordinary Covata shares is at a price of $0.23 each.

TPG Telecom and Fidelity International have now increased their holdings in Covata from 13.49% to 14.49% and 7.44% to 9.91% respectively.

Covata provides a platform for data-centric security that enables businesses and government agencies to integrate data-centric security into applications, products, and services.

In 2015, the company landed a 10-year licencing agreement with Cisco (NASDAQ:CSCO) for the Covata platform and related products, with a focus on delivering Covata technology to Cisco clients.

Over the last two quarters, Covata has also made headway within the UK Government sector.

As part of the UK progress, Covata is set to enter into a reseller agreement with the Foreign & Commonwealth Office Services (FCO) by June 2016.

The FCO is charged with protecting British interests around the world, employing 14,000 people in nearly 270 diplomatic offices.

The new funding for Covata is on top of a $7.7 million cash balance held on 31 March 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 31 May 2016 10:00:00 -0400 https://www.proactiveinvestors.com/companies/news/134819/covata-ltd-in-132m-cash-raiser-from-fidelity-tpg-68918.html
<![CDATA[News - Covata Ltd to outline capital raising ]]> https://www.proactiveinvestors.com/companies/news/134818/covata-ltd-to-outline-capital-raising-68856.html Cloud-focused Covata Ltd (ASX:CVT) is heading to market with a capital raising, and the ASX has granted the company a trading halt to complete.

The halt will remain in place until the opening of trade on Monday 30th May 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 26 May 2016 19:00:00 -0400 https://www.proactiveinvestors.com/companies/news/134818/covata-ltd-to-outline-capital-raising-68856.html
<![CDATA[News - Covata Ltd's data encryption solutions gain traction in UK ]]> https://www.proactiveinvestors.com/companies/news/134817/covata-ltds-data-encryption-solutions-gain-traction-in-uk-67775.html 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.

 

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Thu, 31 Mar 2016 11:30:00 -0400 https://www.proactiveinvestors.com/companies/news/134817/covata-ltds-data-encryption-solutions-gain-traction-in-uk-67775.html
<![CDATA[News - Covata Limited to reveal strategic investment ]]> https://www.proactiveinvestors.com/companies/news/134816/covata-limited-to-reveal-strategic-investment-65710.html Covata Limited (ASX:CVT) is preparing to outline details of a strategic investment into the company, with the ASX granting the company a trading halt to finalise.

Recently the company completed the testing and G-Cloud framework procurement process to be accepted as a secure file sharing application for the UK Public Sector.

The halt will remain in place until the opening of trade on Monday 23rd November 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 20 Nov 2015 08:30:00 -0500 https://www.proactiveinvestors.com/companies/news/134816/covata-limited-to-reveal-strategic-investment-65710.html
<![CDATA[News - Covata Limited in halt ahead of material transaction ]]> https://www.proactiveinvestors.com/companies/news/134815/covata-limited-in-halt-ahead-of-material-transaction-61434.html Covata Limited (ASX:CVT) has been granted an ASX trading halt in relation to a material transaction granting a global licence to a major industry participant and the conversion of performance shares.

The halt will last until the earlier of the announcement being made or the start of trade on Friday, 27th March 2015.

Covata has a new, patented approach to IT security.   

Its method protects data wherever and whenever it travels. It encrypts and protects the data itself, rather than trying to protect the system that contains the data.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 25 Mar 2015 15:00:00 -0400 https://www.proactiveinvestors.com/companies/news/134815/covata-limited-in-halt-ahead-of-material-transaction-61434.html
<![CDATA[News - Covata looks to tap data security market ]]> https://www.proactiveinvestors.com/companies/news/134814/covata-looks-to-tap-data-security-market-59117.html Covata Limited (ASX:CVT) listed on 10th November at $0.20 and a market cap of $74 million after completing a reverse takeover of uranium explorer Prime Minerals.

The company is tapping into the global growth from costs of securing data assets from hackers.

Covata's method protects data wherever and whenever it travels. It encrypts and protects the data itself, rather than trying to protect the system that contains the data.

It also allows governments and corporations to use their own keys, rather than those provided on devices by manufacturers.

The technology can actually be embedded into other applications and pieces of software.

Covata has incorporated its encryption process into a data and file sharing app called Safe Share, creating a secure way to transfer information.

This is touted as being a superior alternative to Dropbox, which has been valued at around $10 billion.

Notably, TPG Telecom (ASX:TPM), capped at $6 billion, took at 15% stake in Covata at listing, via an outlay of $10 million at $0.20 per Covata share.

TPG is capped at $5.8 billion, and is also a CVT customer... in fact TPG paid Covata $2.7 million just for the privilege of selling  a small selection of four CVT-based products.

Covata's CEO is Chuck Archer Charles, former Assistant Director of the FBI in charge of the Criminal Justice Information Services Division, and frequently testified before the US Senate on advancing technology to prevent crime.



Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 21 Nov 2014 16:00:00 -0500 https://www.proactiveinvestors.com/companies/news/134814/covata-looks-to-tap-data-security-market-59117.html
<![CDATA[News - Covata lists on ASX, to secure data ]]> https://www.proactiveinvestors.com/companies/news/134813/covata-lists-on-asx-to-secure-data-58806.html Covata (ASX:CVT) has begun trading on the ASX after raising $15 million at an offer price per share of A$0.20 per share.

At this price it would provide a $74 million market cap for the data security company.  The company listed after completing a reverse takeover of uranium explorer Prime Minerals.

The company enjoyed strong support from new institutional and high net worth investors which is tapping into the global growth from costs of securing data assets from hackers.

The company uses identification and time sensitive encryption keys as a part of its platform.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 10 Nov 2014 17:00:00 -0500 https://www.proactiveinvestors.com/companies/news/134813/covata-lists-on-asx-to-secure-data-58806.html