Data443 Risk Mitigation, Inc. (OTCPK: ATDS) is expanding its reach. Last week, it announced that its latest privacy-centric endpoint technology, Data443 Ransomware Recovery Manager™, is now available. The product could accelerate revenue growth, which is already at record levels.
This product, like others in its data-security arsenal, targets a specialized need. According to Data433, the functionality of Data443 Ransomware Recovery Manager is a direct response to the escalating ransomware attacks experienced worldwide on a daily basis. The secret is out- the attacks affect millions of organizations across all sectors, with a substantial number of attacks targeting the financial services, healthcare, and education sectors. Companies, both large and small, are targeted.
Notably, beyond only the incident rate increasing, the infection rates, costs, and actual damages are also increasing year over year at an accelerated rate. In fact, analysts say that it’s no longer a matter of if a business will be hit with a ransomware or virus attack but instead when. In response to the growing crisis, the Data443 Ransomware Recovery Manager™ solution is designed for this attack landscape in mind. Moreover, its capabilities are configured to recover a workstation immediately upon infection to the last known business-operable state, without any end-user or IT Administrator efforts.
And that ability can be a game-changer for the company’s growth.
Targeting A Massive Data-Security Market
The Data433 product line’s common theme is that each product targets a specialized and essential market need. And with data security continuing to be a significant concern for all stakeholders, this one, in particular, provides the capability to protect data and put the company back into entire operations within minutes of the ransomware attack. Undoubtedly, it’s a true differentiator for Data443 and its unique product portfolio.
Most notably, Data433 highlights that the integrated power of Data Identification Manager™ and Data Archive Manager™ not only ensures the protection of sensitive data, which is both archived and restored upon infection, but it also does so with virtually zero downtime. Also, with the product augmented with Data Classification and Data Governance capabilities, Ransomware Recovery Manager™ possesses unique abilities that appear to be unmatched in this market segment.
Better still, for Data433, the newest product demonstrates its ability to develop and deliver sophisticated and timely solutions purposefully designed to produce not only best-in-class security solutions but also strong ROI for its customers.
The great news is that a new revenue stream from Data443 Ransomware Recovery Manager™ can add to its record-setting growth.
Share Price Rally In 2021
For Data433 stock, 2021 is already posting impressive gains. As of last Friday, shares are higher by 50.7%. And despite the remarkable increase, investors think there is more to come, especially after the massive hack to the Microsoft Exchange exposed data security vulnerabilities. That breach affected at least 30,000 users in the US and more than 250,000 worldwide. Moreover, it revealed that even the most prominent companies in the world are susceptible to hackers, opening the door for smaller companies to offer more secure data storage solutions. And while it was a bad day for Microsoft and its customers, it could help push attention toward Data433’s product arsenal.
Video Link: https://www.youtube.com/embed/MGus0jcli9s
Marketing An Impressive Product Portfolio
In addition to its newest data-security product, Data433 offers an impressive line of products and services. Its most popular is its mass privacy, discovery, and archiving solution, Data Archive Manager®, which is already trusted and used by hundreds of organizations to manage and protect petabytes of stored data. And, with the Microsoft Exchange attack showing gaps in email security, IT managers may be more receptive to Data Archive Manager’s® ability to store data content in repositories that are not subject to the current vulnerabilities announced by Microsoft (MSFT). Better still, the Data433 platform is built to inherently protect against the execution of any virus, macro vulnerabilities, or ransomware packages embedded in datasets. It’s an advantage that migrates throughout its product stack.
In fact, Data443 has built itself into a unique one-stop-shop that offers leading Data Privacy Solutions for All Things Data Security™. Better still, unlike larger competitors that are often less responsive to specific client needs, ATDS creates tailored software and services solutions that enable clients to secure data transfer across local devices, networks, the cloud, and/or databases. That’s a significant advantage when it comes to security, as one size does not fit all. Most importantly, it can be a deciding factor for clients that need specific solutions to combat hackers who are becoming more sophisticated in designing malware.
Other products targeting specialized data-security solutions include ArcMail, which provides customers an extensive choice of cost-effective, easy-to-use archiving solutions. It’s also valued as a vital tool to categorize and protect critical data.
ARALOC™ is another innovative product. It’s a market-leading, secure, cloud-based platform for managing, protecting, and distributing digital content to desktop and mobile devices. Other products include DATAEXPRESS®, a leading data transport, transformation, and delivery product trusted by financial organizations worldwide. And, ClassiDocs®, an award-winning data classification and governance technology that supports CCPA, LGPD, and GDPR compliance. A targeted ClassiDocs™ for Blockchain product adds an active implementation feature for the Ripple XRP token that protects transactions from inadvertent disclosure and data leaks.
Each product helped contribute to solid growth in Q3, with revenue growth expected to continue into Q4.
Record Revenues In Q3
Although the stock is now trading at nano-cap levels, it has one thing that most of its peers don’t- revenues. Better yet, it reached record-setting levels in Q3 with an expected tailwind going into Q4. Those results (Q4), which are expected to be announced this month, could produce a consecutive record-setting milestone. They would also combine with substantial balance sheet improvements.
In February, Data433 announced that it eliminated $10 million in derivative liabilities and reduced operating expenses by 35%. Thus, the increase in revenues can have a more significant impact on the ability to expand operations. Better still, the financial cleanup puts the company closer to meeting requirements to uplist to a NASDAQ exchange. That uplisting process is underway.
Also, in Q3, ATDS reported an increase in shareholders’ equity of $12.5 million, paid down roughly $500,000 in acquisition debt, and recorded its highest quarterly bookings ever. Thus, ADTS is doing the right things at the right time to enhance its revenue growth.
Best of all, Data433 is in the right market at the right time. Headlines prove that the market needs better data security solutions. And despite the competitive landscape, Data433 shows that it has an impressive ability to create market-leading solutions that can best even the most prominent global conglomerates.
For Data433 and its investors, that could translate to 2021 being a transformational year of growth. Certainly, ATDS is a company to watch.
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