Data443 Risk Mitigation, Inc. (OTCMKTS: ATDS) Soars on Proposed Up-list and FileFacets Acquisition

September 2, 2020 -- InvestorsHub NewsWire -- via Microcap Daily -- BY JUSTIN KINNEY ON SEPTEMBER 2, 2020

Data443 Risk Mitigation, Inc. (OTCMKTS: ATDS) continues to surge higher in recent trading as the Company makes big progress on several fronts including engaging Maxim Group LLC to assist the Company in up-listing to a national exchange. ATDS has exploded out of sub penny land and is now running up the penny charts quickly attracting legions of new shareholders who continue to accumulate. ATDS is getting noticed as its “Open Source” data security platform is rapidly catching on with a number of major fortune 500 companies recently adopting it; recently both the Miami Dolphins and Pittsburgh Steelers adopted Data443 Risk Mitigation’s ARALOC™ Secure Sports Management platform and Zoom Video Communications (ZM) adopted DATA443 cyber security and places it at top of the first page.

Data443 Risk has been busy in recent weeks announcing record revenues of $466,000 during the second quarter of fiscal year 2020, compared to $359,000 of revenue during the second quarter of fiscal year 2019. The Company also closed on the acquisition of 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

Data443 Risk Mitigation, Inc. (OTCMKTS: ATDS) is the 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.

In August Data443 announced record operational and financial results for its second quarter (ended June 30, 2020), and for its first half of fiscal year 2020. Management stated: “We recorded net billings of $869,000 for the three months ended June 30, 2020, compared to $483,000 in the prior year period. We recognized $466,000 of revenue during the second quarter of fiscal year 2020, compared to $359,000 of revenue during the second quarter of fiscal year 2019. Deferred revenues were $1,212,000 as of June 30, 2020, an increase of $303,000 from $954,000 as of December 31, 2019.”

The Company closed on the acquisition of 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. FileFacets®is a data discovery, privacy compliance and enterprise analytics company with vast experience in GDPR Compliance. The Company was originally part of the L-SPARK accelerator, secured significant venture capital funding in 2016 and won numerous industry awards for information governance and data privacy

ATDS got a boost on September 1 after CEO Jason Remillard presented at the LD Micro 500 Virtual Conference. Mr. Remillard provided an overview of Data443, discussing the recent acquisition of FileFacets®, along with recent contract wins with the NFL’s Pittsburgh Steelers and the launch of the first privacy scanner for the world’s leading video communications platform, Zoom. Data443 also engaged Maxim Group LLC as its financial advisor to assist the Company in articulating its growth strategy to the investment community and with its aspiration to up-list to a national exchange. Data443 is looking to list on a national exchange in order to gain exposure to the broad and developed investor base of the major capital markets. The Company believes that an up-listing could enhance its visibility in the marketplace, increase the liquidity of their stock, and build long term shareholder value.

Currently moving northbound on a surge of volume ATDS is an exciting story developing in small caps; the Company is in the right place at the right time as the cyber security market continues to see rapid growth especially in the face of the current pandemic, ATDS is making big moves and seeing its “Open Source” data security platform rapidly catching on as several major fortune 500 companies have already adopted it; recently both the Miami Dolphins and Pittsburgh Steelers adopted Data443 Risk Mitigation’s ARALOC™ Secure Sports Management platform. Zoom Video Communications (ZM) also recently adopted DATA443 cyber security and places it at top of the first page. ATDS is looking to uplist and has engaged Maxim Group LLC to assist the Company in up-listing process. The Company recenlty reported record revenues of $466,000 during the second quarter of fiscal year 2020, compared to $359,000 of revenue during the second quarter of fiscal year 2019 as well as closed on the acquistion of 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. We will be updating on ATDS on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with ATDS.

Disclosure: we hold no position in ATDS either long or short and we have not been compensated for this article.

Source: https://microcapdaily.com/data443-risk-mitigation-inc-otcmkts-atds-soars-on-proposed-up-list-and-filefacets-acquisition/127683/

SOURCE: Microcap Daily

DATA443 Risk Mitigation (PK) (USOTC:ATDS)
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