Sydney data security vendor Covata acquires IP from Dataglobal

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Sydney data security vendor Covata acquires IP from Dataglobal

Sydney-based data security vendor Covata has acquired the underlying data classification technology from German information management vendor Dataglobal for €1 million (A$1.6 million).

Specifically, Covata will acquire the underlying intellectual property around Dataglobal's automated data classification engine, connectors into content service platforms and data analysis.

Along with the IP acquisition, Covata will become an OEM reseller of Dataglobal's archiving solutions, which the company said complements its existing security offerings.

The two companies will also share sales leads and collaborate on channel efforts, particularly in Europe.

Dataglobal offers enterprise information management and archiving for optimising search functionality, such as file servers, mail servers, SharePoint, ERP and other third-party applications. The company's core IP is a data classification engine that enables real-time metadata analysis across all types of data wherever it's stored. The company boasts more than 500 customers in over 40 countries.

Covata chief executive Ted Pretty said the acquired IP would be used to speed up and reduce the cost of its own data security platform.

"It also sees Covata acquire world-class platform and connector capability that will enable us to offer information governance and security across the lifecycle of data within any organisation," he added.

"This alliance and the resulting capability will dramatically improve our offerings and further position Covata as a compelling investment opportunity."

Covata announced a swathe of European contract wins earlier this year, including deals with insurance and risk firm Arthur J Gallagher & Co (AJG), Open Banking UK and an undisclosed German industrial company.

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