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) will host a business update webcast on April 19, 2021, at 4:30 PM ET. Investors can submit questions via email. The company provides a range of data privacy solutions, including sensitive content management and data archiving technologies. Their products comply with major data protection regulations, enhancing data security and privacy across local and cloud environments. More details can be found on their official website.
Data443 Risk Mitigation (OTCPK: ATDS) announces its sponsorship of the CISO Executive Network series on Data Governance, Protection & Privacy. CEO Jason Remillard highlights the importance of strong classification guidelines, especially during the pandemic, as demand for their solutions grows. The company shares success stories, including a recent deployment with a major bank in the Middle East, utilizing the Microsoft DKE framework. Data443 aims to enhance customer engagement through virtual presentations and is committed to helping organizations navigate privacy and security strategies.
Data443 Risk Mitigation (OTCPK: ATDS) announces a new contract with a major global merchant and payment processor, promising over $200,000 in revenue over the next year. This deal highlights Data443's secured transport technology and its relevance in the financial services sector. The company has recently launched the Data443® Ransomware Recovery Manager™, enhancing its data security offerings. This solution is designed to classify, encrypt, and recover data without yielding to extortion demands, positioning Data443 as a leader in data security.
Data443 Risk Mitigation (OTCPK: ATDS) announced the launch of its latest product, Data443 Ransomware Recovery Manager, responding to the rising global ransomware attacks. Designed for enterprises, this technology facilitates immediate system recovery post-infection, requiring no effort from IT staff or end users. The company emphasizes its product's role in minimizing downtime and protecting sensitive data. CEO Jason Remillard highlights the solution's relevance amid growing cybersecurity threats. The tool is currently available for immediate purchase.
Data443 Risk Mitigation (OTCPK: ATDS) has launched a free trial program for its email resiliency services in response to a significant hack impacting Microsoft Exchange, affecting over 60,000 organizations globally. This initiative aims to assist those affected by the breach and others interested in enhanced data privacy and security solutions. The company emphasizes the importance of robust data archiving and protection against vulnerabilities, especially related to email data management through its Data Archive Manager product. The limited-time offer includes access to their technology for assessing security vulnerabilities.
Data443 Risk Mitigation (OTCPK: ATDS) has announced a reverse stock split and a reduction in authorized shares to meet Nasdaq listing requirements. This move, approved by the Board and shareholders, aims for an uplisting by ensuring a closing bid price of at least $4.00 per share. The reverse split will be in a ratio between 1-for-10 and 1-for-2,000. Although the company expects compliance post-split, it acknowledges the uncertainty of meeting Nasdaq's criteria for listing.
Data443 Risk Mitigation has successfully completed the acquisition of the ArcMail data archiving platform after a two-year licensing agreement. This strategic move marks Data443's first acquisition of 2021, transferring full intellectual property rights and assets from ArcMail. The acquisition aims to enhance Data443's offerings in the data privacy and security sector, which is increasingly essential for various regulated industries. Jason Remillard, CEO, noted a seamless integration with zero associated costs, emphasizing the continued demand for ArcMail's solutions.
Data443 Risk Mitigation (OTCPK: ATDS) announced the retirement of over $10 million in convertible debt, significantly strengthening its financial position. All variable conversion rate liabilities have been eliminated, and negotiations led to favorable terms without prepayment penalties or warrants. Effective February 16, 2021, these actions are aimed at simplifying the company's financial condition while enhancing shareholder value. This milestone is part of Data443's strategy to ensure organic growth and acquisitions under more favorable financing arrangements.
Data443 Risk Mitigation, Inc. (OTCPK: ATDS) has acquired the intellectual property and assets of Italy-based IntellyWP, known for enhancing user experience on WordPress. This acquisition, which has formally closed, significantly expands Data443's privacy portfolio, integrating IWP’s proven plug-in technology with its existing GDPR and CCPA solutions. IWP boasts over 157,000 active installations and complements Data443’s mission of improved data privacy management. CEO Jason Remillard emphasized the acquisition's potential to grow their customer base and enhance offerings to the open-source community.
Data443 Risk Mitigation, Inc. (OTCPK: ATDS) has acquired the intellectual property and assets of Resilient Network Systems. This acquisition enhances Data443's SaaS portfolio, specifically in multi-cloud MFA/SAML/OAUTH capabilities. The flagship product, Resilient Access™, offers adaptive access control and is already in use by significant enterprises. The acquisition includes vital patents, existing clients, and enhances Data443's ability to address remote access requirements amidst ongoing demand for data security. Financial terms were not disclosed.