Covata is on the path to develop a data security platform, using its existing secure data-sharing software as the starting point. Recent restructuring has reduced the cost base and clarified the company’s growth strategy in terms of technology roadmap and sales focus. Growing sales momentum for the core Safe Share product and recently acquired technology from CipherPoint will be the key short-term metric to track; progress in the creation of the data security platform will drive longer-term performance.

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