Adds Sophisticated Content Analysis
and Intelligent Content Migration Capabilities to Growing
Software-as-a-Service (SaaS) Portfolio
RESEARCH TRIANGLE PARK, NC -- August 20, 2020 -- InvestorsHub
NewsWire -- Data443 Risk Mitigation, Inc. (“Data443” or the
“Company”) (OTCPK:
ATDS), a leading data security and privacy software company, is
pleased to announce that it has acquired the intellectual property
rights and assets of FileFacets®, a
Software-as-a-Service (SaaS) platform that performs sophisticated
data discovery and content search of structured and unstructured
data within corporate networks, servers, content management
systems, email, desktops and laptops.
The acquisition has closed, and all assets have been
transferred. Terms of the transaction were not disclosed.
What it is:
- FileFacets®, a data discovery, privacy compliance
and enterprise analytics company with vast experience in GDPR
Compliance
- Was originally part of the L-SPARK accelerator
- Secured significant venture capital funding in 2016
- Won numerous industry awards for information governance and
data privacy
Why it matters:
- Acquisition includes intellectual property, customers and
partner integrations
- Demonstrates further opportunities for growing internal
capabilities, diversifying service offerings, and exposure to new
potential customers for Data443
- Provides Data443 with deep and established technology in
information taxonomy management, machine learning and rapid data
indexing, which are important for data privacy and eDiscovery use
cases
Jason Remillard, CEO of Data443, commented, “We are thrilled to
add FileFacets’ comprehensive, innovative technology to the growing
portfolio of Data443 product offerings. The rapidly evolving data
security challenges faced by enterprises require that we continue
to innovate and explore opportunities that will expand our core
capabilities. The FileFacets technology we acquired complements our
existing data discovery and transfer services, while enhancing our
overall service capabilities. Integration with our other product
assets will further position the Data443 technology stack as a
continued privacy and security leader.”
“FileFacets represents yet another example of our ability to
identify and acquire high quality assets which enable the
introduction of additional capabilities and applications to our
customers as our business continues to evolve. We remain committed
to an opportunistic and prudent acquisition strategy that positions
Data443 as the industry leader in data privacy solutions
for All Things Data Security,” concluded Mr.
Remillard.
About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTCPK:
ATDS), is the de facto industry leader in Data Privacy
Solutions for All Things Data Security, providing
software and services to enable secure data across local devices,
network, cloud, and databases, at rest and in flight. Its suite of
products and services is highlighted by: (i) ARALOC™,
which is a market leading secure, cloud-based platform for the
management, protection and distribution of digital content to the
desktop and mobile devices, which protects an organization’s
confidential content and intellectual property assets from leakage
— malicious or accidental — without impacting collaboration between
all stakeholders; (ii) ArcMail™, which is a leading
provider of simple, secure and cost-effective email and enterprise
archiving and management solutions; (iii) ClassiDocs™,
the Company’s award-winning data classification and governance
technology, which supports CCPA, LGPD and GDPR compliance; (iv)
ClassiDocs™ for Blockchain, which provides an
active implementation for the Ripple XRP that protects blockchain
transactions from inadvertent disclosure and data leaks; (v)
Data443™ Global Privacy Manager, the privacy
compliance and consumer loss mitigation platform which is
integrated with ClassiDocs™ to do the delivery
portions of GDPR and CCPA as well as process Data Privacy Access
Requests – removal request – with inventory by
ClassiDocs™; (vi) Data443™ Chat History
Scanner, which scans chat messages for Compliance, Security, PII,
PI, PCI & custom keywords; (vii) DATAEXPRESS®, the
leading data transport, transformation and delivery product trusted
by leading financial organizations worldwide; (viii)
FileFacets®, a Software-as-a-Service (SaaS) platform
that performs sophisticated data discovery and content search of
structured and unstructured data within corporate networks,
servers, content management systems, email, desktops and laptop;
(ix) The CCPA Framework WordPress plugin, which enables
organizations of all sizes to comply with the CCPA privacy
framework; and (x) the GDPR Framework WordPress plugin, with over
30,000 active users it enables organizations of all sizes to comply
with the GDPR and other privacy frameworks. For more information,
please visit http://www.data443.com
Forward-Looking Statements
The statements contained in this release that are not historical
facts are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Words such as “may,”
“will,” “could,” “should,” “expect,” “plan,” “project,” “intend,”
“anticipate,” “believe,” “estimate,” “predict,” “potential,”
“pursuant,” “target,” “continue,” and similar expressions are
intended to identify such forward-looking statements. The
statements in this press release that are not historical
statements, including statements regarding Data443’s plans,
objectives, future opportunities for Data443’s services, future
financial performance and operating results and any other
statements regarding Data443’s future expectations, beliefs, plans,
objectives, financial conditions, assumptions or future events or
performance that are not historical facts, are forward-looking
statements within the meaning of the federal securities laws. These
statements are not guarantees of future performance and are subject
to numerous risks, uncertainties, and assumptions, many of which
are beyond Data443’s control, and which could cause actual results
to differ materially from the results expressed or implied by the
statements. These statements are not guarantees of future
performance and involve risks, uncertainties and assumptions that
are difficult to predict, and include, without limitation, results
of litigation, settlements and investigations; actions by third
parties, including governmental agencies; volatility in customer
spending; global economic conditions; ability to hire and retain
personnel; loss of, or reduction in business with, key customers;
difficulty with growth and integration of acquisitions; product
liability; cybersecurity risk; anti-takeover measures in our
charter documents; and, the uncertainties created by the ongoing
outbreak of a respiratory illness caused by the 2019 novel
coronavirus that was recently named by the World Health
Organization as COVID-19. These and other important risk factors
are described more fully in our reports and other documents filed
with the Securities and Exchange Commission (“the SEC”), including
under (i) “Part I, Item 1A. Risk Factors”, in our Registration
Statement on Form 10 filed with the SEC on January 11, 2019 and
amended on April 24, 2019; (ii) “Part I, Item 1A. Risk Factors”, in
our Annual Report on Form 10-K filed with the SEC on 17 April 2020;
and, (iii) subsequent filings. Undue reliance should not be placed
on the forward-looking statements in this press release, which are
based on information available to us on the date hereof. Except as
otherwise required by applicable law, we undertake no obligation to
publicly update or revise any forward-looking statements, whether
because of new information, future events, or otherwise.
The Data443™ logo,
ClassiDocs™ logo, ARALOC™ logo,
FileFacets® and DATAEXPRESS® are
registered trademarks of Data443 Risk Mitigation, Inc.
All product names, trademarks and registered trademarks are
property of their respective owners. All company, product and
service names used in this website are for identification purposes
only. Use of these names, trademarks and brands does not imply
endorsement.
All other trademarks cited herein are the property of
their respective owners.
For Further Information:
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Signup for our Investor Newsletter: https://www.data443.com/investor-relations/
Investor Relations Contact:
Matthew Abenante
ir@data443.com
919.858.6542
DATA443 Risk Mitigation (PK) (USOTC:ATDS)
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DATA443 Risk Mitigation (PK) (USOTC:ATDS)
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