Cipherpoint Limited (ASX:CPT), Sydney, Australia Monday 15 June 2020 – Cipherpoint is pleased to
announce a major new European customer.
Europe
After extensive trials and testing Cipherpoint has entered into an agreement with Bank of Finland to
licence our cp.Protect product.
cp.Protect has been deployed by this major European bank to enable secure segregation of highly
sensitive business data within the organisation’s unstructured data repositories. cp.Protect enhances
controls over privileged users (such as IT Admins) who would otherwise have access to such data
without the cost and overhead associated with establishing a separate data store. It will also reduce
the cost of the customer’s GDPR compliance obligations.
The contract has a value of €70,000 (A$116,000) over two years which can be extended thereafter.
Payment is conditional on completion of certain integration works, anticipated to be finalised by
early July.
Speaking about the recent customer acquisition, Steven Bliim, Chief Operating Officer said “We’re
very excited by this recent customer win. It represents a significant milestone since establishing our
office in Heilbronn, Germany in November 2019. The strategy underpinning our recent shift to
Europe has been to demonstrate to enterprises that by deploying our technology, they can continue
to make the most of their on-prem collaboration platforms. This also sets an excellent foundation to
shift their most sensitive business data to the cloud (if they choose to do so), while retaining full
control over the encryption keys securing that information.”
This announcement has been authorised by the Board.
About Cipherpoint
Cipherpoint empowers businesses to discover, protect and control sensitive information across
multiple platforms and repositories, including industry best security for Microsoft SharePoint.
Our customers and partners span the public sector, defence, utilities, health, logistics, finance and
education.
Further information
For further information, please visit https://covata.com/cipherpoint.com
Cipherpoint investor relations contacts:
Steven Bliim
Cipherpoint Limited
Chief Operating Officer, Executive Director and Joint Company Secretary
steven.bliim@cipherpoint.com
+61 2 8412 8200
+49 152 3625 7821