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Box.Net Capabilities to Growing Software-as-a-Service (SaaS)
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RESEARCH TRIANGLE PARK, NC -- October 14, 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 Resilient Network Systems (“RNS”) (http://www.resilient-networks.com/), a Silicon Valley
based SaaS platform that performs SSO and adaptive access control
”on the fly” with sophisticated and flexible policy workflows for
authentication and authorization. The flagship product, Resilient
AccessTM , has been deployed in both the government
and Fortune 50.
The acquisition has closed, and all assets have been
transferred. Terms of the transaction were not disclosed.
What is Resilient Access™:
- Resilient Access™ is an open architecture for clients to
implement with their own storage and IAM platforms (e.g., Microsoft
SharePoint, Dropbox, Google G Suite, etc.).
- Resilient Access™ for Box provides customizable
enterprise-grade control for the Box content environment including
file level controls, enhance security reporting and management of
external users. It is currently listed and available in the Box.Net
App Store.
- Developed over years with some of the leading experts in IAM,
Java, and cloud IAAS services, the architecture and implementation
are second to none.
- With major corporations already actively using the platform,
its proven ability to scale up portends well for Data443’s planned
roadmap.
Why it matters:
- Acquisition includes intellectual property, customers, and
partner integrations.
- Data443 has acquired two additional valuable patents to add to
its growing portfolio of defensive IP that is secured and
validated.
- RNS has existing major, reference-able enterprise flagship
clients. A substantial portion of existing Data443 clients are
already utilizing Box.
- Fine-grained access control to data via SSO and other access
control methods are key to the current pandemic-based work
‘anywhere’ approach that we will be dealing with for years to
come.
- As remote access control mandates a flexible architecture and
utilizes existing IAM technologies such as Azure AD, Google IAM,
and other identity sources to manage access to all sorts of data.
Coupling data classification and governance and sensitivity
knowledge with the same policy engine enables any CIO or CTO to
make very dynamic policy decisions on the fly, without hard coding
or losing fidelity on their policy framework.
Jason Remillard, CEO of Data443, commented, “The Resilient
product and their talented team is a significant addition for our
Company. Immediately, both sides recognized the great product
cross-integration value for all our data and privacy software
assets. Understanding our client base – and their growing needs for
more control of their data, no matter where it is, who is hosting
it, or what its sensitivity levels are – drove us to complete this
transaction. Knowing that this technology can scale into the tens
of millions of users and seeing that enterprise still have trust
issues with cloud-based SSO and IAM providers on a weekly basis
enables our offering which may be hosted on a self or hybrid
scenario a significant advantage. Since we also manage hundreds of
thousands of end-clients’ sensitive mailboxes, access control to
exports and additional data sets will be an additional add on
offering. Recognizing the importance of this, we are making this
product line immediately available to all existing clients of
Data443, as well as the new clients we expect to add as a result of
this acquisition.”
“Data443 is a great home for Resilient Access and our customers
– they have a full suite of data protection and privacy-enhancing
products already and Jason has a clear vision where he is taking
the company. I also like that they have a large existing client
base and a history of successfully integrating new products.” added
former-CEO of Resilient Network Systems Ethan Ayer.
“Resilient Network Systems represents our continued and
aggressive ability to identify and acquire high quality assets
which are immediately accretive to Data443, and enable the
introduction of additional capabilities and applications to our
customers as our business, along with the challenges of data
privacy, 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)
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; and (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. 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 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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Follow us on LinkedIn: https://www.linkedin.com/company/data443-risk-mitigation-inc/
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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