Covata Shareholders to Vote on Proposed Name Change to Cipherpoint Limited

SYDNEY, December 10, 2019 (Newswire.com) - ​Covata Ltd. (ASX:CVT) will hold a general meeting at Nexia Sydney, Level 16, 1 Market Street on Tuesday, December 17 at 9 a.m.

The company has requested shareholders to support a special resolution at the general meeting to change the company name to Cipherpoint Limited.

The board has proposed the change of name on the basis that the new name is more readily associated with the company’s current and intended business operations and, therefore, provides a more marketable name and brand for the company moving forward.

Specifically, the name reflects that the company’s business operations will center upon the Cipherpoint Eclipse security product set.

CipherPoint Eclipse, Covata’s data security and privacy compliance solution for Microsoft SharePoint, is unique in its ability to control access to data, keeping privileged IT administrators and outside attackers that target IT-level access from being able to view sensitive information.

The Eclipse product was further improved this year, with Covata extending the solution to be able to provide greater security for documents stored in Microsoft OneDrive and SharePoint Online.

Consistent with the name change, Covata has already launched its new website www.cipherpoint.com.​

Source: Cipherpoint