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Covata (ASX:CVT) has acquired the underlying data classification technology from German information management vendor Dataglobal for €1 million.
Covata Ltd (ASX:CVT), a global provider of IT security software and services, has demonstrated its broad industry coverage and geographic reach in being awarded three contracts across the US, Europe and the United Kingdom.
Covata Ltd (ASX:CVT) has signed a licensing agreement for its ‘CipherPoint Eclipse’ solution with a national franchised sporting association in the U.S. (0-1)
Covata (ASX:CVT) has undertaken a major initiative by entering into an agreement to acquire U.S. data security company CipherPoint, to enhance Covata’s existing data security platform (DSP).
Covata Ltd's (ASX: CVT) shares have jumped 44.2% to $0.075 in mid-session trade, with over 3.5 million shares changing hands.
Covata (ASX:CVT) shares were trading 21% higher intra-day after deploying its flagship solution, Safe Share on Microsoft’s Azure Cloud platform.
We are in the thick of the Q3 earnings season, with almost 1085 companies set to report results this week, including 130 S&P 500 members. Notably, after five consecutive quarters of decline, earnings are finally back in the positive territory.
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.
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.