MICROCAP DAILY - The Exciting Story of Data443 Risk Mitigation, Inc. (OTCMKTS: ATDS)

July 17, 2020 -- InvestorsHub NewsWire -- via Microcap Daily --

BY JAMES ELLIOT ON JULY 16, 2020

Data443 Risk Mitigation, Inc. (OTCMKTS: ATDS) is moving up the charts in a hurry on a surge of volume on heavy accumulation and investor interest. The stock has quickly attracted legions of shareholders and is emerging as a volume leader in small caps.

It’s easy to get excited about ATDS; the Company is in the right place at the right time having just released its cloud Global Privacy Manager product line – Data443 Chat History Scanner – powered by the Company’s award winning ClassiDocs™. Online meeting platforms have exploded in popularity during the recent pandemic, with significant room to grow. 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

Data443 Risk Mitigation, Inc. (OTCMKTS: ATDS) is in the data security business operating as a cybersecurity software and services provider. As cybersecurity is a large market place, the Company is focused primarily on the data security sector of the market. Data security and privacy legislation, such as the European Union’s General Data Protection Regulation (“GDPR”) and the California Consumer Protection Act (“CCPA”) , is driving significant investment by organizations to offset risks from data breaches and damaging information disclosures of various types.

ATDS is an industry leader in 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) DATAEXPRESS™, the leading data transport, transformation and delivery product trusted by leading financial organizations worldwide; (ii) 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; (iii) ArcMail, which is a leading provider of simple, secure and cost-effective email and enterprise archiving and management solutions; (iv) ClassiDocs™, the Company’s award-winning data classification and governance technology, which supports CCPA, LGPD and GDPR compliance; (v) ClassiDocs™ for Blockchain, which provides an active implementation for the Ripple XRP that protects blockchain transactions from inadvertent disclosure and data leaks; (vi) 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™; (vii) Data443 Protect™ (enabled by ClassiDocs™), which provides nearly instant Cloud-deployed Data Loss Prevention capabilities with unmatched false positive rates; (viii) Data443 Virtual Data Protection Officer program, which offers a turnkey and outsourced DPO capability for smaller organizations; and, (ix) the WordPress GDPR Framework, with over 30,000 active users it enables organizations of all sizes to comply with the GDPR and other privacy frameworks.

The Company is already doing significant sales, according to a recent financial report; “We recognized $478,000 of revenue during the three months ended March 31, 2020, compared to $143,000 in revenue for the three months ended March 31, 2019. We had net billings for the three months ended March 31, 2020 of $603,000 compared to $417,000 in the prior year period. Deferred revenues are $1,032,000 as of March 31, 2020, an increase of $303,000 from $729,000 as of December 31, 2019.”

On July 14 ATDS 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™. 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. 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

CEO Jason Remillard stated: “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.”

Currently trading at a $1.8 million market valuation ATDS is an exciting story developing in small caps; the Company is in the right place at the right time having just released its cloud Global Privacy Manager product line – Data443 Chat History Scanner – powered by the Company’s award winning ClassiDocs™. Online meeting platforms have exploded in popularity during the recent pandemic, with significant room to grow. This 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. 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.

Other MICROCAP DAILY Feraturs today includ: BKYI, SPOM and PASO

Source: https://microcapdaily.com/the-exciting-story-of-data443-risk-mitigation-inc-otcmkts-atds/126548/

SOURCE: Microcap Daily

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