Data443 Risk Mitigation Inc. (OTC:ATDS) Stock Gains Momentum: Here is Why

Data443 Risk Mitigation Inc. (OTC:ATDS) could well be one of the companies that could garner considerable attention this morning in light of the announcement it made yesterday. On December 19, the privacy software and data security company, which is known for being ‘All Things Data Security’, announced that it had completed the acquisition of certain assets belonging to Cyren Ltd.

Jason Remillard, the Chief Executive Officer and founder of the company, noted that the completion of the transaction was a major milestone for Data443 Risk Mitigation. He went on to note that the team at the company had also been working diligently to retain Cyren customers, employees, and technology since the transaction was initially announced in May this year. Remillard stated that the team had contacted around 60 Cyren customers and had managed to sign new contracts with as many as 52 of them. He noted that there was expectation that new agreements would be closed with the rest of the customers who had not signed in the first quarter of 2024.

The CEO also noted that Cyren Ltd. possessed technology that included threat and response streaming technologies, anti-malware, native email anti-spam, and business email compromise solutions. Those technologies were the most precise and advanced in the industry, as per Data443 Risk Mitigation’s management.

He stated that during the interaction with the company’s team, many of the customers expressed considerable excitement about its technology and possibly adding the tech stack from Data443 Risk Mitigation to their offerings. Some of the customers that Data443 Risk Mitigation has been able to retain include some of the world’s biggest firewall, network device, e-commerce, and ZeroTrust service providers. Remillard concluded his statement by noting that email and things related to it remained a perpetual risk, which all service providers need to be wary of.