ASX listed collaboration vendor Covata has added a data classification engine that enables realtime analysis of metadata and content across all data types, under a worldwide OEM agreement with German firm dataglobal.

dataglobal is a leading provider of enterprise information management and enterprise information archiving solutions servicing over 550 major corporations across 40 countries. It services globally branded customers in the automotive, aerospace, chemical, finance, energy and manufacturing sectors.

Its solutions offer the necessary platform connectors to many content service platforms. dataglobal’s offerings link with all forms of data, whether stored on- premises, hosted privately or in public cloud environments, such as Microsoft Azure and Amazon Web Services (AWS). As well as this new relationship with Covata, dataglobal has a global go-to market alliance with Dell EMC.

The terms of the acquisition and alliance provide that:

• Covata will acquire ownership of the underlying intellectual property in dataglobal’s solutions relating to its automated data classification engine, connectors into content service platforms and data analysis tools for use as part of the Covata Data Security Platform. Covata will then own its own version of this core IP;
• Covata and dataglobal will share sales leads and collaborate in channel development, particularly across Europe. Covata will also become an original equipment manufacturer (OEM) reseller of dataglobal’s archiving solutions that complement Covata’s security offerings; and
• dataglobal will provide platform integration and product support and training to Covata for an extended period. dataglobal teams will work alongside Covata’s team in Australia.

Covata will pay dataglobal €1m for the intellectual property acquisition, with payments spread and paid over FY18 and FY19, although the initial integration is expected to only take three-to-four months.

Covata CEO and Managing Director Mr Ted Pretty said: “This is an exciting and valuable opportunity for Covata. Our collaboration with dataglobal is, at its core, about technical capability, channels and customers.

“This transaction dramatically reduces Covata’s development time and cost. 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. This alliance and the resulting capability will dramatically improve our offerings and further position Covata as a compelling investment opportunity”.

http://covata.com/