Excellent move by Fidelity, CR issues out of the way for CVT, time to focus on rapid growth now.
The placement has taken the focus away from this fantastic announcement imo.
Covata Vice President European Operations Stephen Golding said,
“The UK Government is pioneering an agile way for the entire public sector to adopt cloud based services.
Spanning all levels of Her Majesty’s Government,through to local health, education and council
organisations, G-Cloud makes Safe Share available to a very large market of organisations
proactively seeking a secure and compliant way to share information.”
This is not a deal involving one or two Departments. It's across all levels in the UK Governement.
Every public servant is being encouraged to make use of Safeshare.
The UK Office of National Statistics states that as of the end of 2014 there are more than
5.3 million employees working in the Public Sector.
This represents the Total Addressable Market of End User Seats for Covata.
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gltah
CVT Price at posting:
28.5¢ Sentiment: Buy Disclosure: Held
