|By Business Wire||
|March 19, 2013 06:36 PM EDT||
Cocoon Data Holdings Limited® (CDHL) today announced that TPG (ASX:TPM), one of the largest telecommunications companies in Australia has reached an agreement that includes investment in CDHL and a technical partnership with CDHL and its subsidiaries, Covata Australia and Covata USA.
CDHL is a pioneer in the field of self-defending data and has combined advanced techniques of digital rights management with proven cryptographic technologies to create the new standard in data level protection--Secure Objects. The partnership between TPG and CDHL will enable TPG to offer unique, industry-leading solutions for thousands of TPG customers who wish to ensure privacy through the controls and protection available through the integration of Secure Objects into customer services. TPG customers will have the extra assurance that their personal data is secure, whether on the move, in the cloud, or in use.
Craig Levy, TPG’s Consumer General Manager stated: “Using this technology we aim to create and deliver military grade security solutions for our residential and business customers.”
“We are truly pleased at this development in our growth history,” said Pete Janke, CDHL and Covata Chief Executive Officer. “It is rare to find a company of TPG’s size that thinks so creatively about how to apply cutting edge technology to their customers’ requirements. TPG recognizes that securing information at the data level is a necessity in today’s threat environment, enabling originators of sensitive information to be absolutely sure of the security of their valuable data properties. We applaud TPG’s vision, and are looking forward to jointly executing this vision with our partner TPG.”
TPG is a force in the Australian telecommunications industry. TPG owns end-to-end network infrastructure which includes over 400 DSLAM enabled telephone exchanges across Australia, extensive metropolitan fibre optic networks, and the international PPC-1 submarine cable connecting Australia and Guam with onwards connectivity to USA and Japan. Through this infrastructure, TPG provides a diverse range of communication services to residential users, small and medium enterprises (SMEs), government and large corporate enterprises. TPG offers nationwide ADSL2+, Fibre Optic and Ethernet broadband access, telephony services, Internet Protocol Television (IPTV), SIM Only Mobile plans, Mobile Broadband and various business networking solutions.
CDHL, through its Covata subsidiaries, is continuing the development and certification of Covata Secure Objects™ solutions which embody the concept of Self-Defending Data. By providing sophisticated, fine-grained controls over information, Covata focuses its technologies on the essential piece of enterprise security—security of sensitive information—thus greatly reducing the sensitivity of the enterprise to infrastructure vulnerabilities in the age of mobility, cloud, and other dispersive movements.
Covata USA and Covata Australia are wholly owned subsidiaries of Cocoon Data Holdings Limited, Sydney, Australia.