Data443 Risk Mitigation, Inc. reports developments across data security, privacy software, threat intelligence, and infrastructure supporting secure data across devices, databases, networks, cloud environments, and data in transit. Company news has covered the TacitRed™ external attack surface management and threat intelligence platform, integration with Cyren Threat Intelligence Services, Data Placement Manager for HPE NonStop, and ClassiForAI (CAFAI) capabilities for AI and large-language-model data governance.
Recurring updates also include customer deployments, cyber insurance risk-intelligence licensing, data center capacity arrangements, blockchain ledger validation activity, acquisitions that expand the security portfolio, and operating expense rationalization tied to the company’s software and services model.
Data443 Risk Mitigation (OTCPK: ATDS) reported a significant revenue increase of 113% for Q3 2021, totaling $1.495 million, and an 88% rise for the nine months ended September 30, 2021, reaching $3.095 million. The net loss decreased by 35% year-over-year to $974,000 in Q3. Key achievements included major customer contracts worth at least $1.54 million, a successful corporate rebrand, and plans to acquire Centurion Technologies. Data443 also emphasized strong customer retention rates exceeding 99%.
Data443 Risk Mitigation (OTCPK: ATDS) will participate as a gold-level exhibitor at the Gartner Security & Risk Management Summit 2021, showcasing its Data Identification Manager solution. CEO Jason Remillard will conduct a live demonstration on November 16th, addressing data governance challenges. The Summit is anticipated to attract significant attendees, including CISOs and senior IT leaders, providing Data443 with an opportunity to highlight its new solutions amidst rising cybersecurity concerns.
Data443 Risk Mitigation, Inc. (OTCPK: ATDS) has announced a comprehensive rebranding of its product suite and corporate website. This initiative follows the integration of its offerings from seven acquisitions, aiming to enhance their data security and privacy solutions. The campaign will promote these changes at major industry trade shows. Marketing Director Braelyn Grimes emphasized the need for meaningful client engagement, while CEO Jason Remillard highlighted the strategic priority of showcasing their technological capabilities to foster growth.
Data443 Risk Mitigation, via OTC symbol ATDS, has secured a groundbreaking contract worth $1.54 million over 3.5 years with a leading global financial services corporation, marking their largest order to date. The customer has prepaid the entire amount, underscoring confidence in Data443's technologies. This contract involves their Data Placement Manager™ platform, demonstrating Data443's rising prominence in data security within the fintech sector. The SEC has cleared Data443's registration statement, which could facilitate a Nasdaq listing, pending regulatory review.
Data443 Risk Mitigation, known by the symbol ATDS, announces progress on its application to list on Nasdaq. Following a reverse stock split on July 1, 2021, the company is working with Donohoe Advisory Associates to navigate the listing process. While no assurance of approval exists, the effort is aimed at enhancing shareholder value and attracting more institutional and retail investors. The SEC has cleared a related Registration Statement, enabling potential capital raise contingent on listing success. Data443 aims to elevate its market presence and competitive standing.
Data443 Risk Mitigation, Inc. (OTCPK: ATDS) has secured a contract with an education system in the Caribbean for its Data Archive Manager™. This software will facilitate on-island and off-island email and data archiving, retention, privacy, and eDiscovery capabilities. The need for robust data services is enhanced by unique challenges presented by natural events like hurricanes. The company continues to expand its offerings, including a partnership with HPE, Nvidia, and CyrusOne to ensure data resiliency and security throughout.
Data443 Risk Mitigation announced that Fitness Finders is using its Data Identification Manager to comply with CCPA and other U.S. privacy laws. This partnership addresses the management of millions of identities across 24,000 schools, emphasizing the importance of data security for children. Data443 provided Fitness Finders with a branded interface for privacy requests, enhancing their compliance capabilities. The Data Identification Manager is part of a comprehensive product suite aimed at secure data management and compliance, affirming Data443's position in the data security market.
Data443 Risk Mitigation has expanded its Sensitive Content Manager platform for a Fortune 500 non-profit healthcare provider with 11 hospitals and over 300 medical offices. This platform offers secure data management for 25,000 employees and 200,000 patients annually. CEO Jason Remillard emphasized the importance of this expansion, which includes real-time communication and encryption for safe access to sensitive information. The company's governance software is utilized across various sectors, reinforcing its commitment to data security.
Data443 Risk Mitigation (OTCPK: ATDS) announced a new multi-year agreement with a significant domestic wholesale electric energy provider, enhancing its retention management and data migration capabilities. This partnership is part of a series of successful contracts that expand Data443's revenue base. CEO Jason Remillard stated that the deal aims to reduce the client's data footprint by approximately 50%, while addressing urgent data management needs driven by new regulations. Data443's Data Identification Manager will support this initiative across various cloud platforms.
Data443 Risk Mitigation (OTCPK: ATDS) announced a multi-year agreement with a local government in the Asia-Pacific region, covering 500 employees in data privacy services. The deal enhances Data443's international growth and utilizes its cloud infrastructure for efficient data management. CEO Jason Remillard emphasized the significance of this agreement, which includes services such as SAR management and data classification. Data443’s platforms support compliance with various regulations and integrate across multiple cloud environments, strengthening its position in the data security market.