Covata Announces New Agreement with Macquarie Telecom and a UK Trial

Sydney, Australia – Covata Limited (ASX: CVT) is pleased to announce it has entered into a new agreement with Macquarie Telecom Pty Limited, part of the Macquarie Telecom Group Limited (ASX MAQ) for the Macquarie Government division to continue to resell Covata’s SafeShare secure collaboration solution to government users.

Macquarie Telecom currently offers Covata’s Safe Share product either as a dedicated or shared hosted service under its SIGBOX brand to 23 government departments. Built exclusively for government, SIGBOX enables users to share, store and collaborate sensitive data between agencies and approved third parties, and is secured up to “Protected” classification.  Files are stored in dedicated environments which conform to the Government Information Security Manual (ISM).

The new agreement includes a three (3) year term, which commenced 1 September 2017. Covata will see additional revenues from increased user fees coupled with potential for future growth in the user base and a development contribution from Macquarie Telecom. Macquarie Telecom will receive extended support for its customers on existing versions of SIGBOX, and a pathway for customers to access new features as they are released.

Covata Managing Director and CEO, Mr Ted Pretty said: “Covata is pleased to extend its relationship with Macquarie Telecom and to support their efforts in securing sensitive government data for Federal and State Government departments and agencies.”

Covata also notes the definitive signing of a UK government agency for a 30-day trial commencing in September. Information for this trial will be used by both that agency and also Covata to develop relevant government use cases for securing sensitive policy files.

Mr Pretty commented: “We are building our business deal by deal and using each opportunity, large or small, by way of licence or trial, to further strengthen our use case portfolio. This will support our marketing and sales efforts.”

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About Covata

Covata Limited is a global technology brand, listed on the ASX, that provides data-level security solutions for enterprise, government and citizens. Our data-centric security platform discovers, protects, monitors and analyses sensitive information, however and wherever it’s shared.

We ensure security is never an afterthought. Our flagship solution, SafeShare, protects information at a data-level, from the start, and at every point of its journey. Safe and efficient sharing of data across internal and external stakeholders, devices, networks and geographic regions is enabled and encouraged. With SafeShare, you have total control, visibility and auditability of your sensitive information.

For further information, please visit Covata.com.

 Covata Investor Relations contact:

Steven Bliim
Covata Limited
Head of Finance and Joint Company Secretary
steven.bliim@covata.com
+61 457 600 052

 

 

 

 

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