Customer Reliance and Trust in Data443 Capabilities, Including Privacy and Security Capability for Data Storage and Processing, Increasing Exponentially
RESEARCH TRIANGLE PARK, NC, Nov. 27, 2020 (GLOBE NEWSWIRE) — Data443 Risk Mitigation, Inc. (“Data443” or the “Company”) (OTCPK: ATDS), a leading data security and privacy software company for ALL THINGS DATA SECURITY™, announced several key initiatives to address the growing demand from customers related to Data443’s growing hybrid cloud operations.
HIGHLIGHTS OF THE ANNOUNCEMENT:
- Data443 has doubled its capacity at the world leading CyrusOne data center in Research Triangle Park in Durham, NC, as well as additional facilities in Dallas, TX
- The Company continues to leverage its Hewlett Packard Enterprise (“HPE”) relationship for quality infrastructure and services
- The increased investment in hybrid cloud operations represents a direct correlation to capacity needs for Arcmail ™, along with forecasted consumption in the foreseeable future
- The industry-first Zoom Privacy Scanner powered by ClassiDocs™ drives significant continued processed power requirements and demand increases
- ARALOC™ data processing, storage, encryption and increased sharing continue to drive consumption demands
- WordPress GDPR Framework usage has increased 200% in past quarters, driving over 1000 new subscribers to the world’s first Data443 Privacy Seal
WHY IT MATTERS:
- Customer demands for Data443’s increased storage and retention of data continues to grow, demonstrating continued and growing trust in our unique solutions
- Acquisitions such as FileFacets™ and Resilient Networks™ continue to drive increased consumption of our services and capacity of our infrastructure
- Data privacy needs continue to grow in sophistication and complexity on a nearly daily basis
- Privacy Management capabilities provided by ClassiDocs™ further drive value from these data sets
Jason Remillard, CEO of Data443 commented, “Upon an internal strategic review of our current cloud storage capabilities, actual consumption and forecasts, and integrating our recent completed acquisitions, we determined it was necessary to take these important steps to expand our data storage capacities to meet the growing needs of our customers. These measures demonstrate our commitment to providing our customers with the advanced services they need to access their data, with additional storage for the needs of new customers that we add. While many companies have struggled to define their role in this evolving and competitive landscape, we continue to close business, deliver relevant and on-point solutions. We expect this trend to continue as businesses adopt to the new operating paradigm, new privacy frameworks and brace themselves for the reality of the onslaught of new data security requirements. The increased capacity is a direct correlation to increased consumption by these same and new customers in 2020.”
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) DATAEXPRESS®, the leading data transport, transformation and delivery product trusted by leading financial organizations worldwide; (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) Resilient AccessTM, which enables fine-grained access controls across myriad platforms at scale for internal client systems and commercial public cloud platforms like Salesforce, Box.Net, Google G Suite, Microsoft OneDrive and others; (viii) Data443™ Chat History Scanner, which scans chat messages for Compliance, Security, PII, PI, PCI & custom keywords; (ix) the CCPA Framework WordPress plugin, which enables organizations of all sizes to comply with the CCPA privacy framework; (x) 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; (xi) the GDPR Framework WordPress plugin, with over 30,000 active users and over 400,000 downloads it enables organizations of all sizes to comply with the GDPR and other privacy frameworks; and (xii) IntellyWP, a leading purveyor of user experience enhancement products for webmasters for the world’s largest content management platform, WordPress. For more information, please visit http://www.data443.com.
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.
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