Data443 Risk Mitigation Inc - ATDS stock
Introduction[edit]
Data443 Risk Mitigation (OTC: ATDS) is a leading supplier in data security and privacy management that offers the most comprehensive solution to protecting access to All Things Data SecurityTM. The company was established in 2017 with a current presence in 100+ countries and has more than 3000 customers. Data443 solutions are anchored in privacy management, equipping organizations with a seamless approach to safeguarding data protecting against attacks, and mitigating the most critical risks. [1]
Data443 follows three main objectives to establish a comprehensive data governance plan tailored to the customer’s specific environment and these are, classifying dark and sensitive data, using policy-driven contextual access control, and securing file transfers to protect against ransomware attacks.
Business Operations[edit]
As the leader in data security and privacy management today, Data443 offers seven managers (products) with powerful automation capabilities that focus on the whole data life cycle. Data Placement Manager helps to transfer extremely sensitive data between organizations. Ransomware recovery Manager protects and recovers any PC, server, or cloud machine and its data. A Sensitive Content Manager ensures no data loss while distributing high-sensitivity data to selected targets. All firm data is archived, governed, deleted, and discovered by the Data Archive Manager. Data Identification Manager classifies and discovers data in any location. Access Control Manager provides password-less and single sign-on access to the cloud. Last but not least, the Global Privacy Manager acts in agreement with privacy policies and manages requests. [2]
The company has partnered with several organizations around the globe to provide an integrated and comprehensive data security ecosystem to their clients. Some of the partners include Citrix, Microsoft Partner Network, Silicon Valley Bank, and OpenText.
The company has existing customers in various sectors like JP Morgon Chase & Co and Global Payments in Fintech, Harvard University, and St. Tammany in education, and Comcast and South Pacific Pictures in the entertainment sector.
Data 443 has 10,000 paying and 200,000+ open source customers spread around 100+ countries that are operating in diverse sectors. As a part of its growth strategy, Data 443 plans to focus on a variety of factors including acquisitions, new products, cross-selling products, and new clients to scale their business.
Contracts[edit]
On November 30 2022, Data443 Risk Mitigation, Inc announced a $350,000 contract with global bank, which has over 2 trillion dollars in assets and has been a long-term customer of Data443. This contract includes additional licensing for the Data443 Data Placement ManagerTM product, a server-based application for secure managed file transfer that enables customers to schedule, route, format, and securely transfer business-critical data over personal and public networks. [3]
On 1/21/2022 a 5 1/2 year renewal agreement was signed with "a leading provider of technology solutions for merchants, banks and capital markets firms." The contract is for Data Placement Manager™ and is worth over $700,000.[4]
Acquisitions[edit]
Cryen Assets[edit]
Assets of Cyren Ltd. where acquired and over 50 Cryen customers signed contracts with Data443, and additional agreements are expected. The assets acquired include threat and response streaming technologies, native email anti-spam, anti-malware, and phishing/business email compromise capabilities.[5]
Management Team[edit]
The leadership and management team of Data443 are skilled professionals in their respective domains. The leadership team consists of Jason Remillard (CEO & founder), Greg McCraw (CFO), Bennett Pursell (CTO), and Kirill Kashigin (Chief Software Architect). [6]
Jason Remillard (CEO) has over 25 years of experience in Global Enterprise and B2C software sales and marketing. Before founding Data443, he worked at Fortune 500 companies such as Deutsche Bank, TD Bank, IBM & Merrill Lynch. Greg McCraw (CFO) has over 25 years of experience in helping businesses strengthen their accounting and finance operations. Before Data443, he was a Vice President of Finance for a Dental Service Organisation. Bennett Pursell (CTO) has 20 years of experience in IT architecture, security governance, and system integration.
Funding[edit]
Data443 completed a series of transactions in July, 2023, resulting in an additional $1.5 million in growth capital for the Company. Simultaneously, this has allowed the Company to retire certain outstanding debt obligations. The Transactions consisted of three main components: a direct investment of $1.5 million, the exchange of an existing note for a new note with improved terms, and the release of specific security interests on certain portions of the Company's assets. These strategic moves serve multiple purposes for Data443, including reducing outstanding debts with better conditions, providing increased flexibility to finalize technology acquisitions, and positioning the Company for its previously declared intention to list on a major stock exchange.[7]
Financials[edit]
Financial performance for Data443:[8]
| Year Ending | Total Revenue | Net Income | Earnings Per Share | Cash | Liabilities |
| 12/31/2022 | $2,627,000 | ($9,713,000) | ($3.75) | $1,000 | $12,950,000 |
| 12/31/2021 | $3,609,000 | ($6,475,000) | ($68.79) | $1,204,000 | $7,284,000 |
| 12/31/2020 | $2,474,000 | ($13,907,000) | ($663.41) | $58,000 | $6,600,000 |
| 12/31/2019 | $1,453,000 | ($607,000) | ($0.07) | $18,000 | $10,146,000 |
- ↑ Bloomberg.com. Data 443 Risk Mitigation Inc/Company Profile. Retrieved on 1/14/2023
- ↑ Data443.com. Investor Presentation. Retrieved on 1/15/2023
- ↑ GlobalNewwire.com. Data443 Announces $350,000 Contract with top US Bank. November 30, 2022.
- ↑ Data443.com
- ↑ InvestorWire. InvestorNewsBreaks – Data443 Risk Mitigation Inc. (ATDS) Purchases Certain Assets of Cyren Ltd. December 19, 2023.
- ↑ Data443.com. Management Team. Retrieved on 1/15/2023
- ↑ GlobeNewswire. Data443 Secures $1.5 Million in Growth Capital, Renegotiates Debt at Improved Terms. July 24, 2023.
- ↑ OTC Markets. ATDS Stock Financials. Retrieved on 7/26/2023.
OTC Symbol: ATDS | OTC Tier: Pink Current
