Today, we have more than 50 enterprise customers in our Safe Share pipeline across a range of key verticals including finance, technology, insurance and government. Since being accepted into the highly coveted UK Government marketplace G-Cloud, the Government sector is shaping up to be a key vertical for us. Within the first months of being live, there are five major government departments looking at Safe Share as their preferred file sharing application. Covata’s security focus is distinctly unique to any potential competitors and is proving to be a major draw card for this particular sector. I expect the first result from the UK Government vertical to be delivered this quarter through tenders and submissions currently in progress.
Certainly holding from here, have over invested already otherwise would be buying here.
CVT Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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