July 30, 2020 -- InvestorsHub NewsWire --
via Seeking Alpha
About: Data443 Risk Mitigation,
Inc. (ATDS), Includes: AAPL, AMD, CRWD, FTNT, GOOG, IBM, MSFT
- $156 billion global cyber security
market is expected to reach USD $326.4 billion by
2027
- Leading Cybersecurity Expert, Director of Engineering, Assurant
Security for Google LLC, previous high-level positions with JP
Morgan Chase, Credit Suisse, Deutsche Bank, TD Bank Group, and IBM
and currently Strategic Consultant to Venture Capitalists, Omkhar
Arasaratnam, just joined DATA443 Risk Mitigation
- Recent signing with Miami
Dolphins and Pittsburgh
Steelers opens door to all major sports teams signing
- Leading video communications platform, ZOOM (ZM) adopts DATA443 cyber
security and places it at top of first page
- Q1 2020 revenue up over 300% versus Q1 2019
- Current Market Cap of $2,086,000 undervalued
- Current Industry Market Comps of average Price to Sales Ratio
of 27 to 1 supports share price going from 2 cents to over $1.10
cents based on 2020 sales
- Long-term growth could surprise big
Cyber Security is big and booming business that is set to get
even bigger as more and more workers are communicating through the
internet and avoiding personal contact in order to avoid
SARS-CoV-2. Even without COVID-19, tough new security laws and
mounting losses from hackers is driving unprecedented need for
cyber security that is now a $156+ billion industry.
While the industry has been exploding, DATA443 Risk Mitigation
(ATDS:
OTC) has also been doing everything right and riding a wave of
strong growth with their “Open Source” platform that is rapidly
catching on.
Strong evidence of their growth and success comes today when the
company announced that one of
the industries best-known leaders just joined DATA443.
Cybersecurity Expert and Strategic Consultant to Venture
Capitalists
Data443 Risk Mitigation, Inc. announced that it has appointed
Mr. Omkhar Arasaratnam, a 20-year expert in information technology
and leadership in global cybersecurity projects to its Advisory
Board effective immediately.
Mr. Arasaratnam currently serves as Director of Engineering,
Assurant Security for Google LLC, and is a Senior Fellow with the
NYU Center for Cybersecurity at the NYU Tandon School of
Engineering, and a member of the NYU Cyber Fellow Advisory Council.
Previously, Mr. Arasaratnam served as Executive Director of Data
Project Engineering at JPMorgan Chase, and has previously led
security organizations at financial and technology institutions,
such as Credit Suisse, Deutsche Bank, TD Bank Group, and IBM. In
this capacity, he has revolutionized the effectiveness of
cybersecurity controls. He is an accomplished author with several
granted patents and has led contributions to many international
standards.
"As someone who has dedicated my career to cybersecurity, I am
honored to join the Data443 Advisory Board and work with such
accomplished peers. Data443 truly stands out as an innovative
leader in data classification, security, and privacy, with
significant momentum. Data443’s solves these problems today, and I
can't wait to start collaborating with Jason and the team in its
mission for data privacy," commented Mr. Omkhar Arasaratnam.
Jason Remillard, CEO of Data443, commented, “As CEO, I am
consistently looking for industry leaders that can add expertise
and push the development of our company forward. Today, we are
excited to welcome such an experienced and high-quality candidate
in Omkhar Arasaratnam to the Data443 team. Omkhar’s vision,
passion, and his depth of experience in precisely the area in which
Data443 operates are truly invaluable and will be instrumental as
Data443 continues to expand its service offerings. Omkhar’s
impressive leadership in cybersecurity coupled with his deep
knowledge of banking data protection and his vast presence in
Silicon Valley, will help Data443 in a variety of ways.”
“We have reconfigured our advisory board to add important
insights to three strategic areas: product consulting and strategy,
acquisition sourcing and advisory, and capital markets advisory. We
are actively filling our roster with leaders in these respective
areas to help Data443 reach its fullest potential,” concluded Mr.
Remillard.
DATA443 RISK MITIGATION “KICKS OFF” SPORTS TEAM SALES
INITIATIVE WITH SUCCESSFUL CONTRACT RENEWAL BY THE NFL’S MIAMI
DOLPHINS
Data443 Risk Mitigation, Inc., a leading data security and
privacy software company announced that it has
“kicked off” its sales initiative focused on sports teams with the
contract renewal by the Miami Dolphins of the National Football
League for the Company’s ARALOC™ Secure Sports Management
platform.
What is it:
- ARALOC’s Secure Sports Management Software is the
industry-leading encryption and security platform that provides
sports teams the ability to secure sensitive team material; safely
distribute confidential content; and, track and report backend
analytics. Purpose built for confidential and proprietary content,
including game reviews, practice video, playbooks, scouting
content, and other materials which require secure, controllable
access and delivery.
Why does it matter:
- Massive opportunities for growth in customers – teams and
leagues in a variety of sports throughout the world, as well as for
businesses with similar mobile security needs.
- In today’s COVID-19 world, leagues and teams have been forced
to communicate and exchange highly sensitive materials remotely –
securing these critical assets are a greater priority today than
ever before.
- Globally available, instantly delivered content with the
world’s leading encryption means team members (players, staff,
doctors and external providers) may communicate freely across
devices, locations and data types.
Management Commentary:Jason Remillard, CEO of
Data443, commented, “We are proud and excited to kick off our sales
campaign for our ARALOC™ Secure Sports Management platform with the
renewal contract by the Miami Dolphins. It validates not only our
first class solution, it further demonstrates our capabilities in
delivering for billion-dollar organizations with extremely
sensitive data – not only data that can mean the difference between
winning and losing games, but data that is highly personal and
sensitive. Building our relationships in this segment has been a
priority for us, and we continue to expand our footprint in the
sports world, which is not immune to security breaches. This gives
our sales team incredible motivation, and hopefully leverage, in
approaching sports teams and organizations on every level;
professional; amateur; collegiate; we offer the best solution for
all.”
Dr. Alexander Corris, Senior Director of Football Systems, Miami
Dolphins Football Club, added, “The ARALOC Secure Sports Management
Platform has delivered for us for years. Data443’s enhancements add
value to the club for us and has been even more important to us
during these challenging times. Security, ease of use and the
ability to deploy nearly instantly to our members is key. We hope
for further adoption of the product.”
“This contract renewal continues what’s been a steady stream of
contract renewals we’ve managed to secure over the past several
months, despite the current pandemic. This is a testament to our
long-standing growth strategy of integrating companies with highly
critical and elite technologies that come with a strong roster of
flagship customers and a track record of contract renewals,”
concluded Mr. Remillard.
DATA443 RISK MITIGATION SCORES AGAIN SECURES CONTRACT WITH THE
NFL’S PITTSBURGH STEELERS TO PROVIDE THE ARALOC™ SECURE SPORTS
MANAGEMENT PLATFORM
Continues Success in Delivering Secured Confidential
Content to Professional Sports Teams
Data443 Risk Mitigation, Inc. announced that its data
privacy and security offering focused on sports teams has scored
another victory – this time with the Pittsburgh Steelers of the
National Football League with the signing of an agreement to
provide the Company’s ARALOC™ Secure Sports
Management platform.
What it is:
- ARALOC’s Secure Sports Management Software is the
industry-leading encryption and security platform that provides
sports teams the ability to secure sensitive team material; safely
distribute confidential content; and, track and report backend
analytics. Purpose built for confidential and proprietary content,
including health and trainer documents with videos, game reviews,
practice video, playbooks, scouting content, and other materials
which require secure, controllable access and delivery.
Why it matters:
- ARALOC’s Secure Sports Management Software now secures two NFL
teams.
- Growing momentum in the sports team segment, which has been
forced to adapt its delivery methods in providing game plans,
strategies and education to its players, presenting challenges in
securely delivering content in remote settings. Through the ARALOC
Secure Sports Management platform, Data443 enables content to be
delivered instantly and securely with the world’s leading
encryption.
- Further validates Data443’s ability to provide secured data and
content to remote recipients, regardless of occupation or level of
security.
- As more leagues across the US cancel, defer or otherwise change
plans for their sports teams – Data443 is poised to support these
sports communities with a variety of options that conform to their
requirements and budgets.
- Sports programs from amateur levels in middle school to college
level and above all have support within our pricing and
distribution levels.
Management Commentary:
Jason Remillard, CEO of Data443, commented, “We are very proud
to have secured an agreement with the Pittsburgh Steelers, and to
be providing our ARALOC Secure Sports Management platform to one of
the NFL’s most successful franchises. Winning the Steelers contract
was based not only on our proven ability to deliver high performing
service with the strongest reliability, but also because of our
history of meeting commitments to our clients. After delivering our
demo to the Steelers’ technology group, their initial feedback was,
‘It just checks all the boxes!’. That statement brought immediate
validation for our capabilities and the timeliness of our solutions
delivering for organizations with extremely sensitive data. This is
a very significant win for us and one which clearly establishes
Data443 as the premier source for delivering secured sensitive team
material with tracking and back-end analytics.”
Mr. Scott Phelps, Vice President Technology, Pittsburgh Steelers
Football Club, added, “The platform provides the privacy, security,
speed of deployment and privacy corporate branding that we needed.
Our program – like many – have challenges that are new and unique.
These are surmountable with good people and technology; thus, we
are excited to deploy this to our players, staff and support
organization to ensure the safety and health of everyone involved
in the sport. I feel this is a valuable tool for everyone to
consider.”
Mr. Remillard further commented, “The information transmitted by
NFL teams today (each are multi-billion-dollar organizations, with
incredible financial implications for winning versus losing) is
highly personal and sensitive, reflecting the challenging situation
many organizations are in today. Regardless of professional,
amateur or collegiate status, every program in the country is under
incredible constraints and must operate in this unique situation.
Data443’s product set is truly ‘fit for purpose’ in this climate,
and we were pleased to onboard the Steelers organization in record
time. Our sales program is expanding to include all other levels
and types of sports,” concluded Mr. Remillard.
DATA443 ACHIEVES ANOTHER INDUSTRY FIRST: DELIVERS FIRST
PRIVACY SCANNER FOR WORLD’S LEADING VIDEO COMMUNICATIONS PLATFORM
(ZOOM) – SECURES FIRST PAGE ON APP STORE
Data443 Risk Mitigation, Inc. a leading data security and
privacy software company, today released to the general public its
latest advance in its cloud Global
Privacy Manager product line – Data443
Chat History Scanner - powered by the
Company’s award winning ClassiDocs™.
What it is:
- Effortlessly scan your recorded chat history logs for privacy,
financial, security and other sensitive information types
- Test different languages and sensitive data types against
recordings to detect anomalies
- Detect policy breaches by your staff or other vendors on
webinars or group meetings
- Remove recordings, webinars or other content that violates
policy
- Available for free to all subscribers; premium version to
follow at reasonable cost
Why it matters:
- Online meeting platforms have exploded in popularity during the
recent pandemic, with significant room to grow.
- Roughly two-thirds of U.S. workers who have been working from
home prefer to continue working remotely as much as possible even
when pandemic restrictions lift, according to a recent Gallup
poll.1
- Exposes Data443 brand and all other products to millions of end
users and customers
- Leading charge in the burgeoning online data storage and
management space, providing the Company with significant market
penetration
Management Commentary:
Jason Remillard, CEO of Data443, commented, “Today’s
announcement is another key accomplishment for Data443, and
continues the development of our Global Privacy Manager product
segment that includes a plethora of products that ensure corporate
compliance and personal privacy online – for both consumers and
businesses alike. This effort has taken months of work by our
dedicated engineering staff, securing certification from the
vendor, and enabling us to deliver another world-first product to
the marketplace.”
“The combination of compliance requirements, massive data
collection and storage of both consumer and commercial information,
without the ability to scan, parse and understand this data in a
massively growing virtual environment, continues to be a
significant risk for organizations of any size. By creating the
Data443 Chat History Scanner, we saw a “blue ocean” opportunity in
creating a simple, quick and easy way to meet these challenges,
while aligning Data443 with the global leader in online video
communications.
“Being on the first page of security and compliance products in
the App Store is another notch in our belt as we continue to
deliver products for a wide range of SaaS information providers on
many platforms. Being distributed and available on multiple
providers is part of our new approach to expand our business and
reach new potential customers,” concluded Mr. Remillard
To try this new approach to your online privacy,
visit: https://www.data443.com/cloud-privacy-scanner
To learn more about the Global Privacy Manager solution,
visit: https://data443.com/products/global-privacy-manager/
Current Market Comps – Price to Sales Ratio Based on
Last 12 Month Sales
Splunk - SPLK 14 to 1
CheckPoint – CHKP 8 to 1
CrowdStrike – CRWD 50 to 1
OKTA – OKTA 45 to 1
Fortinet – FTNT 10 to 1
Zscaler – ZS 55 to 1
ProofPoint – PFPT 8 to 1
Average Price to sales Ratio = 27 to 1
Current ATDS market cap is $2,086,000 with share price of $.017.
Based on reported 2019 revenues of $1.4 million and projected 2020
sales of $5 million, with current Price to Sales ratio of 27 to 1,
ATDS shares are projected to trade at $1.10 in 2020.
Conclusion
Data443 is doing everything right yet the company is still
unknown in the marketplace providing an opportunity for investors
to take advantage of its undiscovered and undervalued shares that
are trading at under 2 cents. Within minutes after this morning’s
announcement that the well-known Cyber Security giant, Omkhar
Arasaratnam, joined the company, shares experienced a steady flow
of buying that is expected to continue and catapult the price much
higher and closer to the actual market value based on current
industry market comps. The short and long-term for Data443 appear
to be very favorable for this fast growing gem.
SOURCE: Seeking
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