CVT Profile - Covata
Covata Limited (ASX: CVT) is a next generation cyber security company with a disruptive approach to IT security, enabling true ownership and control over data in the cloud and over mobile services. The Company delivers data-centric security solutions without compromising simple usability; providing a true end-to-end security platform for enterprises of various sizes to access, store, share, and manage their content/information. Data is always protected wherever it may travel – inside your network, beyond the domain, to mobile devices and to the cloud – with granular access controls that extend to external ad hoc users, view-only restrictions, real time revocation and complete visibility and auditability. INDUSTRY: SECTOR:
Technology Data Security Technology
INVESTMENT HIGHLIGHTS Patented data centric security solution that addresses an ever increasing
Covata Limited 11190 Sunrise Valley Drive, Ste. 140 Reston, VA 20191 Phone: +1-703-657-5260 154-156 Clarence Street, Level 4 Sydney, NSW 2000 Australia Phone: 61-2-8412-8200 www.covata.com
Company Contact
Nikki Parker VP Growth & IR +1-571-353-4273 [email protected]
Investor Relations Contact Chris Tyson Managing Director MZ North America Main: 949-491-8235 [email protected] www.mzgroup.us
Recent Contracts Signed 6/27/16 - Chunghwa and Covata have executed the contract that allows Taiwan’s largest Telco to sell Safe Share into their government and enterprise customer base 2/3/16 - 10-year, non-exclusive deal for New 'Key-as-a-Service' (KaaS) offering with Cisco Systems (NASDAQ: CSCO) 1/5/16 - 20,000 user, 3 year enterprise deal with T-Systems, (subsidiary of Deutsche Telekom), to deploy Safe Share to protect sensitive data for German health insurance company, Barmer GEK
SELECT FINANCIALS
Market Cap (7/13/16)
Current Price (7/13/16)
52-Week Price Range
June 30 A$105.6 M A$0.22 A$0.19 - A$0.46
Avg. Volume
827 K
Ordinary Shares on Issue
480 M
Cash (At 5/31/16)
COMPANY OVERVIEW Covata arms global enterprises with the tools they need to fight cyber crime and safeguard their most important asset - their data. By leveraging the power of the Covata Platform, businesses and government organizations all over the world can protect, share and store their corporate data - any time and from anywhere. Data-Centric Security Company Founded in 2007 in Australia C-level management domiciled in Washington DC with offices in: Sydney (Engineering), San Francisco & London Patented technology with numerous internationally recognized certifications granted Established relationships with industry leaders Cisco, T-Systems (Deutsche Telekom), Colt Technology Services and Macquarie Telecom Strong team executing on a targeted go-to-market strategy with highly scalable revenue model
MARKET OVERVIEW Markets and Markets expects the global Cyber Security Market to
grow from $106.32 Billion in 2015 to $170.21 Billion by 2020 Companies continue to invest heavily in cyber security as they move to
the cloud
The number of cyber security breaches are on the rise
ASX : CVT Fiscal Year End
problem of high profile security breaches in large enterprises Covata is at an inflection point as full commercialization of its lead product 'Safe Share' with Fortune 100 OEM & Telco Channel Partners Safe Share Signed Fortune 100 Technology partner Cisco Systems (NASDAQ: CSCO) and multi-billion Telco distribution partners https://vimeo.com/153267089 The number of high profile breaches continue to rise driving demand for data centric security solutions Covata's two business arms create a strong global business with diversified revenue and customer base Distribution of Safe Share through Telco partners generates monthly recurring user revenue The Covata Platform service is building a high volume transaction based service for the future of Internet of Everything (IoE) and Software Defined Networking Currently has, through Telco Partner Macquarie Telecom, 15 Australian Government Departments and Agencies using Safe Share, with 1 additional Department in trial Since Covata was accepted on the UK Government G-Cloud in Nov. 2015, there are a number of major government departments looking at Safe Share for a secure file sharing solution with a pipeline of over 250K users
A$13.1 M
Secure File Sharing on Any Device
Cloud Security Spending ($ Billions)
THE COVATA PLATFORM
SAFE SHARE: Right Product, Right Time
The Covata Platform has been developed as an enterprise specific solution to manage data security at an object level, providing an outward facing data-centric approach with a patented method tying:
The Safe Share product leverages capabilities of the Covata Platform to provide an Enterprise File Sharing and Synchronisation (EFSS) solution. Safe Share provides business users with an IT sanctioned corporate dropbox for the secure distribution of files. Safe Share combines usability with government grade security. Safe Share is targeted at enterprise and government customers leveraging the Telco and Cloud Markets as reseller partners.
Encryption, Identity and Policy
GLOBAL BUSINESS STRUCTURE The Company operates two distinct business arms: Safe Share Channel Distribution and Covata Platform Integration Partners The Covata Platform is a powerful piece of technology that allows the
Company to continue to grow, scale and diversify Selling to end users through channel partners allows Covata to access a
wide market while managing capital expenditure The two business arms provide distinct revenue streams, both with high
earnings potential Safe Share - Covata operates a revenue share business model with leading
global Telco Channel/MSP partners and through direct or prime engagements with governments OEM/Technology - Covata uses a Key-as-a-Service transaction based
pricing model for the Covata Platform. This services enables any developer or vendor to secure individual pieces of data and pay per transaction from an independent audited service
RECENT NEWS
SAFE SHARE: EFSS COMPETITOR MATRIX On-Premise Deployment Multi-Tenancy* Read-Only (Secure View) Watermarking/ Fingerprinting Encrypt Files on Mobile Custom White Label Centralised Key Store White-Listing Group Control Auditability Ad-Hoc Users Comments/Messages Browser-Based Encryption Share Large Files Window/Mac (Desktop) & Android/iOS (Mobile)
Yes Yes Yes
No No No
No No No
Yes No No
Yes No** No
Yes
Yes
Some
Yes
No
Yes Yes Yes Yes Some Yes Yes No Yes Yes
No Yes Some Yes Some Yes Yes Yes No No
No No No No Yes Yes Yes Yes No No
No Yes No No Some Yes Yes Some No Yes
Yes Yes Yes No Yes Yes Some Some Yes Yes
Yes
Yes
Yes
Yes
Yes
6/27/16 - Messe Berlin adopts Safe Share by Covata and T-Systems 6/27/16 - Chunghwa and Covata execute the contract that allows Taiwan’s largest Telco to sell Safe Share into their government and enterprise customer base 6/14/16 - Advances Key-as-a-ServiceTM: Customer engagement for KaaSTM underway with previously advised Cisco re-structuring complete, to launch “Private Cloud KaaS” for Cisco by the end of Q1FY17 ahead of schedule 6/13/16 - Appoints Pavan Singh from Cisco to spearhead IoT business 5/31/16 - Completes AU$13.2 Million private placement of common stock to U.S. and Asia-Pac institutional investors 5/11/16 - Foreign & Commonwealth Office Services and Covata to partner in UK Government 3/22/16 - Added to the All Ordinaries Index (XAO), representing the 500 largest companies by market capitalization in the Australian equities market 3/1/16 - Named ‘Cutting Edge Managed File Transfer Solution’ in the 4th Annual 2016 Cyber Defense Magazine InfoSec Awards
*On-premise or in the Telco’s secure cloud **Limited multi-tenancy for small environments DISCLAIMER: This information is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy any security or related financial instrument or to participate in any trading strategy. The summary may include “forward-looking statements” with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are intended to be covered by the safe harbor provisions for forward looking statements. This information is supplied from sources we believe to be reliable but we cannot guarantee accuracy. This document has been furnished to you solely for your information.
Technology Data Security Technology
INVESTMENT HIGHLIGHTS Patented data centric security solution that addresses an ever increasing
Covata Limited 11190 Sunrise Valley Drive, Ste. 140 Reston, VA 20191 Phone: +1-703-657-5260 154-156 Clarence Street, Level 4 Sydney, NSW 2000 Australia Phone: 61-2-8412-8200 www.covata.com
Company Contact
Nikki Parker VP Growth & IR +1-571-353-4273 [email protected]
Investor Relations Contact Chris Tyson Managing Director MZ North America Main: 949-491-8235 [email protected] www.mzgroup.us
Recent Contracts Signed 6/27/16 - Chunghwa and Covata have executed the contract that allows Taiwan’s largest Telco to sell Safe Share into their government and enterprise customer base 2/3/16 - 10-year, non-exclusive deal for New 'Key-as-a-Service' (KaaS) offering with Cisco Systems (NASDAQ: CSCO) 1/5/16 - 20,000 user, 3 year enterprise deal with T-Systems, (subsidiary of Deutsche Telekom), to deploy Safe Share to protect sensitive data for German health insurance company, Barmer GEK
SELECT FINANCIALS
Market Cap (7/13/16)
Current Price (7/13/16)
52-Week Price Range
June 30 A$105.6 M A$0.22 A$0.19 - A$0.46
Avg. Volume
827 K
Ordinary Shares on Issue
480 M
Cash (At 5/31/16)
COMPANY OVERVIEW Covata arms global enterprises with the tools they need to fight cyber crime and safeguard their most important asset - their data. By leveraging the power of the Covata Platform, businesses and government organizations all over the world can protect, share and store their corporate data - any time and from anywhere. Data-Centric Security Company Founded in 2007 in Australia C-level management domiciled in Washington DC with offices in: Sydney (Engineering), San Francisco & London Patented technology with numerous internationally recognized certifications granted Established relationships with industry leaders Cisco, T-Systems (Deutsche Telekom), Colt Technology Services and Macquarie Telecom Strong team executing on a targeted go-to-market strategy with highly scalable revenue model
MARKET OVERVIEW Markets and Markets expects the global Cyber Security Market to
grow from $106.32 Billion in 2015 to $170.21 Billion by 2020 Companies continue to invest heavily in cyber security as they move to
the cloud
The number of cyber security breaches are on the rise
ASX : CVT Fiscal Year End
problem of high profile security breaches in large enterprises Covata is at an inflection point as full commercialization of its lead product 'Safe Share' with Fortune 100 OEM & Telco Channel Partners Safe Share Signed Fortune 100 Technology partner Cisco Systems (NASDAQ: CSCO) and multi-billion Telco distribution partners https://vimeo.com/153267089 The number of high profile breaches continue to rise driving demand for data centric security solutions Covata's two business arms create a strong global business with diversified revenue and customer base Distribution of Safe Share through Telco partners generates monthly recurring user revenue The Covata Platform service is building a high volume transaction based service for the future of Internet of Everything (IoE) and Software Defined Networking Currently has, through Telco Partner Macquarie Telecom, 15 Australian Government Departments and Agencies using Safe Share, with 1 additional Department in trial Since Covata was accepted on the UK Government G-Cloud in Nov. 2015, there are a number of major government departments looking at Safe Share for a secure file sharing solution with a pipeline of over 250K users
A$13.1 M
Secure File Sharing on Any Device
Cloud Security Spending ($ Billions)
THE COVATA PLATFORM
SAFE SHARE: Right Product, Right Time
The Covata Platform has been developed as an enterprise specific solution to manage data security at an object level, providing an outward facing data-centric approach with a patented method tying:
The Safe Share product leverages capabilities of the Covata Platform to provide an Enterprise File Sharing and Synchronisation (EFSS) solution. Safe Share provides business users with an IT sanctioned corporate dropbox for the secure distribution of files. Safe Share combines usability with government grade security. Safe Share is targeted at enterprise and government customers leveraging the Telco and Cloud Markets as reseller partners.
Encryption, Identity and Policy
GLOBAL BUSINESS STRUCTURE The Company operates two distinct business arms: Safe Share Channel Distribution and Covata Platform Integration Partners The Covata Platform is a powerful piece of technology that allows the
Company to continue to grow, scale and diversify Selling to end users through channel partners allows Covata to access a
wide market while managing capital expenditure The two business arms provide distinct revenue streams, both with high
earnings potential Safe Share - Covata operates a revenue share business model with leading
global Telco Channel/MSP partners and through direct or prime engagements with governments OEM/Technology - Covata uses a Key-as-a-Service transaction based
pricing model for the Covata Platform. This services enables any developer or vendor to secure individual pieces of data and pay per transaction from an independent audited service
RECENT NEWS
SAFE SHARE: EFSS COMPETITOR MATRIX On-Premise Deployment Multi-Tenancy* Read-Only (Secure View) Watermarking/ Fingerprinting Encrypt Files on Mobile Custom White Label Centralised Key Store White-Listing Group Control Auditability Ad-Hoc Users Comments/Messages Browser-Based Encryption Share Large Files Window/Mac (Desktop) & Android/iOS (Mobile)
Yes Yes Yes
No No No
No No No
Yes No No
Yes No** No
Yes
Yes
Some
Yes
No
Yes Yes Yes Yes Some Yes Yes No Yes Yes
No Yes Some Yes Some Yes Yes Yes No No
No No No No Yes Yes Yes Yes No No
No Yes No No Some Yes Yes Some No Yes
Yes Yes Yes No Yes Yes Some Some Yes Yes
Yes
Yes
Yes
Yes
Yes
6/27/16 - Messe Berlin adopts Safe Share by Covata and T-Systems 6/27/16 - Chunghwa and Covata execute the contract that allows Taiwan’s largest Telco to sell Safe Share into their government and enterprise customer base 6/14/16 - Advances Key-as-a-ServiceTM: Customer engagement for KaaSTM underway with previously advised Cisco re-structuring complete, to launch “Private Cloud KaaS” for Cisco by the end of Q1FY17 ahead of schedule 6/13/16 - Appoints Pavan Singh from Cisco to spearhead IoT business 5/31/16 - Completes AU$13.2 Million private placement of common stock to U.S. and Asia-Pac institutional investors 5/11/16 - Foreign & Commonwealth Office Services and Covata to partner in UK Government 3/22/16 - Added to the All Ordinaries Index (XAO), representing the 500 largest companies by market capitalization in the Australian equities market 3/1/16 - Named ‘Cutting Edge Managed File Transfer Solution’ in the 4th Annual 2016 Cyber Defense Magazine InfoSec Awards
*On-premise or in the Telco’s secure cloud **Limited multi-tenancy for small environments DISCLAIMER: This information is published solely for informational purposes and is not to be construed as a solicitation or an offer to buy any security or related financial instrument or to participate in any trading strategy. The summary may include “forward-looking statements” with the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934 and are intended to be covered by the safe harbor provisions for forward looking statements. This information is supplied from sources we believe to be reliable but we cannot guarantee accuracy. This document has been furnished to you solely for your information.
