19.04.2021: Cipherpoint announces new us-based cp.Discover Contract

19.04.2021: Cipherpoint announces new us-based cp.Discover Contract

Cipherpoint Limited (ASX:CPT), Sydney Australia – The Company has deployed a paid Proof-Of-Concept (POC) for cp.Discover with new customer Acronym Media, Inc. (Acronym). The project is expected to assist the customer with finding and automatically classifying sensitive information within their unstructured data repositories.

Acronym specialises in Organic SEO, Paid Search, Social Media, Usability Consulting, and Deep-Dive Analytics. The customer provides world-class Performance Marketing services for bluechip clients across the globe.

The product has been well received by the customer and is expected to move into production later this mont. The new cp.Discover licence will have a total contract value of A$97K (US$75K) with a term of three years. Acronym will join California State University and the Singaporean Government through our partnership with Total eBiz Solutions Singapore Pte as our premier sensitive search and classification customers.

Steven Bliim COO of the Cipherpoint said „This conctract represents our second major US based customer for our discovery and classification capabilitiy, the first being California State University. Our tool was selected because it is more flexible and functions across a broader range of file repositories and file types than the off the shelf tools from Microsoft. After a period of intense product and market development we are keen to expand our customer base in this area.“

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