logo-loader
viewCipherpoint Ltd

Cipherpoint begins 2020 with focus on new cp.Cloud platform ahead of mid-2020 launch

The company is also dedicated to its digital marketing presence which includes the use of Xing, the equivalent of the LinkedIn for the German-speaking region.

Cipherpoint has about $1.8 million in cash and an encouraging sales pipeline
Cipherpoint has about $1.8 million in cash and an encouraging sales pipeline

Cipherpoint Limited’s (ASX:CPT) executive chairman Ted Pretty has stated in a letter to shareholders that an in-market and stable existing product suite are underway with the design and development of the new cp.Cloud platform to be launched in mid-2020.

The letter, which was released to shareholders on December 20, also mentioned that Cipherpoint will begin 2020 with the business well-placed to benefit from the regulatory landscape driving structural growth in Europe.

The executive chairman said 10 full-time staff and 3 development contractors have been engaged with a small central office in Sydney as well as a presence in Heilbronn, Germany for Europe and Austin, Texas for the United States.

Value proposition

Pretty said, “ Our value proposition to customers is: 'We help you protect your most sensitive data to enable you to comply with privacy law. 

“' We also give you the encryption keys,  so you have direct control, unlike many other multinational software vendors'.

“This value proposition is resonating and encouragingly,  our pipeline of sales opportunities is building.

“Our strategy means we are highly leveraged to growth with a stable fixed cost base.”

 Pretty also acknowledged the company name change and thanked shareholders for their support.

He said, “This change represents a break with the past and demonstrates our new focus on the business of Cipherpoint, which provides solutions that help enterprise and governments to identify, protect and control access to sensitive information within SharePoint environments.”

 

Quick facts: Cipherpoint Ltd

Price: - -

ASX:CVT
Market: ASX
Market Cap: -
Follow

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Cipherpoint Ltd named herein, including the promotion by the Company of Cipherpoint Ltd in any Content on the Site, the Company receives from...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Cipherpoint new name of Covata as part of refocus

Cipherpoint Ltd (ASX:CPT) chief executive officer and managing director Ted Pretty updates Proactive on a name change and rebranding for the global tech data solutions company formerly known as Covata Ltd (ASX:CVT). The CEO, who says the company expects to be trading on the ASX under...

on 19/12/19

2 min read