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Covata Ltd

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.

Quick facts: Covata Ltd

Price: $0.02

Market: ASX
Market Cap: $10.1 m
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