DATA443 ACQUIRES ALL ASSETS OF INTELLYWP-LEADING ITALY-BASED WORDPRESS PLUG-IN DEVELOPER COMPANY

Rhea-AI Summary

Data443 Risk Mitigation, Inc. (OTCPK: ATDS) has acquired the intellectual property and assets of Italy-based IntellyWP, known for enhancing user experience on WordPress. This acquisition, which has formally closed, significantly expands Data443's privacy portfolio, integrating IWP’s proven plug-in technology with its existing GDPR and CCPA solutions. IWP boasts over 157,000 active installations and complements Data443’s mission of improved data privacy management. CEO Jason Remillard emphasized the acquisition's potential to grow their customer base and enhance offerings to the open-source community.

Positive

• Acquisition of IWP adds over 157,000 active users and thousands of paying customers to Data443's customer base.
• Enhances Data443's privacy portfolio with proven plug-in technology for user experience.
• Strategic alignment between IWP’s user experience focus and Data443’s data privacy mission.
• Increased potential to integrate IWP's technology into other company assets.

Negative

• None.

Adds to Growing Privacy Portfolio with Proven Plug-in Insertion Technology for Existing Privacy Assets like Global Privacy Manager for GDPR & CCPA

RESEARCH TRIANGLE PARK, NC, Oct. 19, 2020 (GLOBE 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 IntellyWP (“IWP”) (https://intellywp.com/), an Italy-based developer that produces WordPress plug-ins that enhance the overall user experience for webmaster and end users.

The acquisition has closed, and all assets have been transferred. Terms of the transaction were not disclosed.

What is it:

• IWP is a leading purveyor of user experience enhancement products to webmasters for the world’s largest content management platform – WordPress.
• IWP suite of plug-ins has more than 157,000 active installations worldwide and over 1.3 million downloads.
• Tracking Code Manager allows the web admin to manage all their tracking codes, conversion pixels, and SaaS scripts in one simple manager.
• Inline Related Posts automatically injects related posts boxes inside the user’s articles, boosting page views and decreasing the bounce rate.
• Custom Audiences Enhancer boosts Facebook Custom Audiences with behavioral and e-commerce tracking.
• Other plug-ins acquired as part of the transaction include Evergreen Countdown Timer, Welcome Bar, and Post’s Footer Manager.

Why it matters:

• IWP’s thoughtful approach to user experience matches Data443’s ethos to Data Privacy management developed in its leading products – including Global Privacy Manager and its existing suite of WordPress Frameworks for GDPR, CCPA, LGPD.
• Acquisition includes intellectual property, thousands of existing customers, and partner integrations. IWP has become a leader in the thoughtful, unobtrusive management of user behavior and experience management into what is arguably the go-to web-publishing tool on the market today, resulting in a large following in the WP space.
• The IWP technology will increase Data443's overall user experience footprint as it is applied to other select company assets. By adding privacy capabilities - such as those found in GPM - on top of IWP's proven insertion methodology, Data443 continues to lockdown its greenfield capture within that space.

Jason Remillard, CEO of Data443, commented, “In plain, non-technical language, the acquisition of IWP represents a tremendous opportunity for us to add hundreds of thousands of active users, and thousands of paying customers, to our robust customer base. It also serves to support our mission to the open source community to provide greater options for privacy and governance.”

“Learning from our interactions within this community is to our benefit. Commercializing where appropriate for those that need a commercial option is a core mission. We continue to blend these complimentary approaches as the times change into a reasonable, profitable, and beneficial approach for everyone. Our investments in this space will continue as we uncover great opportunities to support our core missions. We welcome the IWP team, clients and supporters to the Data443 family!”

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 Access^TM, 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; (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; and (xii) IntellyWP, a leading purveyor of user experience enhancement products for webmasters for the world’s largest content management platform, WordPress. 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.

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Investor Relations Contact:
Matthew Abenante
ir@data443.com
919.858.6542

FAQ

What did Data443 acquire from IntellyWP?

Data443 acquired the intellectual property rights and assets of IntellyWP, focusing on user experience enhancement products for WordPress.

How will the acquisition of IntellyWP impact Data443's business?

The acquisition is expected to significantly expand Data443's customer base and enhance its privacy product offerings.

What is the significance of the acquisition for ATDS shareholders?

The acquisition could lead to increased revenue from new customers and integration of IWP's technology into Data443's existing solutions.

What is the current status of the acquisition?

The acquisition has officially closed, and all assets have been transferred to Data443.

How many active installations does IWP currently have?

IWP's products have over 157,000 active installations worldwide.