Cipherpoint Limited entered into co-development agreement with Haventec. Haventec has developed a suite of patented technologies (APIs) for securing digital identities and for protecting sensitive data from theft or misuse. Haventec's solutions have already been deployed in supporting digital banking and securing digital property transactions. Cipherpoint will utilise Haventec's expertise to identify and then develop a solution to intensify the security around the encryption keys used to protect sensitive data. This is to deepen Cipherpoint's cp.Protect suite of solutions by addressing the performance and functional limitations arising from the bring own key (BYOK) and hold own key (HYOK) solutions currently in the market. It will also enable enterprises to extend their control over sensitive data that may be stored in cloud-based applications and data repositories.