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Alphabet Inc | NASDAQ:GOOG | NASDAQ | Common Stock |
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July 30, 2020 -- InvestorsHub NewsWire -- via Seeking Alpha
About: Data443 Risk Mitigation, Inc. (ATDS), Includes: AAPL, AMD, CRWD, FTNT, GOOG, IBM, MSFT
Cyber Security is big and booming business that is set to get even bigger as more and more workers are communicating through the internet and avoiding personal contact in order to avoid SARS-CoV-2. Even without COVID-19, tough new security laws and mounting losses from hackers is driving unprecedented need for cyber security that is now a $156+ billion industry.
While the industry has been exploding, DATA443 Risk Mitigation (ATDS: OTC) has also been doing everything right and riding a wave of strong growth with their “Open Source” platform that is rapidly catching on.
Strong evidence of their growth and success comes today when the company announced that one of the industries best-known leaders just joined DATA443.
Cybersecurity Expert and Strategic Consultant to Venture Capitalists
Data443 Risk Mitigation, Inc. announced that it has appointed Mr. Omkhar Arasaratnam, a 20-year expert in information technology and leadership in global cybersecurity projects to its Advisory Board effective immediately.
Mr. Arasaratnam currently serves as Director of Engineering, Assurant Security for Google LLC, and is a Senior Fellow with the NYU Center for Cybersecurity at the NYU Tandon School of Engineering, and a member of the NYU Cyber Fellow Advisory Council. Previously, Mr. Arasaratnam served as Executive Director of Data Project Engineering at JPMorgan Chase, and has previously led security organizations at financial and technology institutions, such as Credit Suisse, Deutsche Bank, TD Bank Group, and IBM. In this capacity, he has revolutionized the effectiveness of cybersecurity controls. He is an accomplished author with several granted patents and has led contributions to many international standards.
"As someone who has dedicated my career to cybersecurity, I am honored to join the Data443 Advisory Board and work with such accomplished peers. Data443 truly stands out as an innovative leader in data classification, security, and privacy, with significant momentum. Data443’s solves these problems today, and I can't wait to start collaborating with Jason and the team in its mission for data privacy," commented Mr. Omkhar Arasaratnam.
Jason Remillard, CEO of Data443, commented, “As CEO, I am consistently looking for industry leaders that can add expertise and push the development of our company forward. Today, we are excited to welcome such an experienced and high-quality candidate in Omkhar Arasaratnam to the Data443 team. Omkhar’s vision, passion, and his depth of experience in precisely the area in which Data443 operates are truly invaluable and will be instrumental as Data443 continues to expand its service offerings. Omkhar’s impressive leadership in cybersecurity coupled with his deep knowledge of banking data protection and his vast presence in Silicon Valley, will help Data443 in a variety of ways.”
“We have reconfigured our advisory board to add important insights to three strategic areas: product consulting and strategy, acquisition sourcing and advisory, and capital markets advisory. We are actively filling our roster with leaders in these respective areas to help Data443 reach its fullest potential,” concluded Mr. Remillard.
Data443 Risk Mitigation, Inc., a leading data security and privacy software company announced that it has “kicked off” its sales initiative focused on sports teams with the contract renewal by the Miami Dolphins of the National Football League for the Company’s ARALOC™ Secure Sports Management platform.
What is it:
Why does it matter:
Management Commentary:Jason Remillard, CEO of Data443, commented, “We are proud and excited to kick off our sales campaign for our ARALOC™ Secure Sports Management platform with the renewal contract by the Miami Dolphins. It validates not only our first class solution, it further demonstrates our capabilities in delivering for billion-dollar organizations with extremely sensitive data – not only data that can mean the difference between winning and losing games, but data that is highly personal and sensitive. Building our relationships in this segment has been a priority for us, and we continue to expand our footprint in the sports world, which is not immune to security breaches. This gives our sales team incredible motivation, and hopefully leverage, in approaching sports teams and organizations on every level; professional; amateur; collegiate; we offer the best solution for all.”
Dr. Alexander Corris, Senior Director of Football Systems, Miami Dolphins Football Club, added, “The ARALOC Secure Sports Management Platform has delivered for us for years. Data443’s enhancements add value to the club for us and has been even more important to us during these challenging times. Security, ease of use and the ability to deploy nearly instantly to our members is key. We hope for further adoption of the product.”
“This contract renewal continues what’s been a steady stream of contract renewals we’ve managed to secure over the past several months, despite the current pandemic. This is a testament to our long-standing growth strategy of integrating companies with highly critical and elite technologies that come with a strong roster of flagship customers and a track record of contract renewals,” concluded Mr. Remillard.
Continues Success in Delivering Secured Confidential Content to Professional Sports Teams
Data443 Risk Mitigation, Inc. announced that its data privacy and security offering focused on sports teams has scored another victory – this time with the Pittsburgh Steelers of the National Football League with the signing of an agreement to provide the Company’s ARALOC™ Secure Sports Management platform.
What it is:
Why it matters:
Management Commentary:
Jason Remillard, CEO of Data443, commented, “We are very proud to have secured an agreement with the Pittsburgh Steelers, and to be providing our ARALOC Secure Sports Management platform to one of the NFL’s most successful franchises. Winning the Steelers contract was based not only on our proven ability to deliver high performing service with the strongest reliability, but also because of our history of meeting commitments to our clients. After delivering our demo to the Steelers’ technology group, their initial feedback was, ‘It just checks all the boxes!’. That statement brought immediate validation for our capabilities and the timeliness of our solutions delivering for organizations with extremely sensitive data. This is a very significant win for us and one which clearly establishes Data443 as the premier source for delivering secured sensitive team material with tracking and back-end analytics.”
Mr. Scott Phelps, Vice President Technology, Pittsburgh Steelers Football Club, added, “The platform provides the privacy, security, speed of deployment and privacy corporate branding that we needed. Our program – like many – have challenges that are new and unique. These are surmountable with good people and technology; thus, we are excited to deploy this to our players, staff and support organization to ensure the safety and health of everyone involved in the sport. I feel this is a valuable tool for everyone to consider.”
Mr. Remillard further commented, “The information transmitted by NFL teams today (each are multi-billion-dollar organizations, with incredible financial implications for winning versus losing) is highly personal and sensitive, reflecting the challenging situation many organizations are in today. Regardless of professional, amateur or collegiate status, every program in the country is under incredible constraints and must operate in this unique situation. Data443’s product set is truly ‘fit for purpose’ in this climate, and we were pleased to onboard the Steelers organization in record time. Our sales program is expanding to include all other levels and types of sports,” concluded Mr. Remillard.
DATA443 ACHIEVES ANOTHER INDUSTRY FIRST: DELIVERS FIRST PRIVACY SCANNER FOR WORLD’S LEADING VIDEO COMMUNICATIONS PLATFORM (ZOOM) – SECURES FIRST PAGE ON APP STORE
Data443 Risk Mitigation, Inc. a leading data security and privacy software company, today 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™.
What it is:
Why it matters:
Management Commentary:
Jason Remillard, CEO of Data443, commented, “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,” concluded Mr. Remillard
To try this new approach to your online privacy, visit: https://www.data443.com/cloud-privacy-scanner
To learn more about the Global Privacy Manager solution, visit: https://data443.com/products/global-privacy-manager/
Current Market Comps – Price to Sales Ratio Based on Last 12 Month Sales
Splunk - SPLK 14 to 1
CheckPoint – CHKP 8 to 1
CrowdStrike – CRWD 50 to 1
OKTA – OKTA 45 to 1
Fortinet – FTNT 10 to 1
Zscaler – ZS 55 to 1
ProofPoint – PFPT 8 to 1
Average Price to sales Ratio = 27 to 1
Current ATDS market cap is $2,086,000 with share price of $.017. Based on reported 2019 revenues of $1.4 million and projected 2020 sales of $5 million, with current Price to Sales ratio of 27 to 1, ATDS shares are projected to trade at $1.10 in 2020.
Conclusion
Data443 is doing everything right yet the company is still unknown in the marketplace providing an opportunity for investors to take advantage of its undiscovered and undervalued shares that are trading at under 2 cents. Within minutes after this morning’s announcement that the well-known Cyber Security giant, Omkhar Arasaratnam, joined the company, shares experienced a steady flow of buying that is expected to continue and catapult the price much higher and closer to the actual market value based on current industry market comps. The short and long-term for Data443 appear to be very favorable for this fast growing gem.
SOURCE: Seeking Alpha
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