Data443 Announces $350,000 Contract Addition to Existing Multiyear Customer Agreement with Top US Bank

Rhea-AI Summary

Data443 Risk Mitigation (OTC: ATDS) has announced a $350,000 contract addition with a major global investment bank, enhancing their existing agreement. This contract involves licensing for the Data443 Data Placement Manager™, a secure file transfer solution for HPE NonStop servers, facilitating the transfer of critical data. The bank, with over $2 trillion in assets, significantly relies on Data443’s solutions for daily transactions. CEO Jason Remillard emphasized the company’s commitment to customer service and innovative technology that meets evolving market demands.

Positive

• Secured a $350,000 contract add-on with a major global bank.
• Long-term relationship with a bank managing over $2 trillion in assets.
• Data Placement Manager™ enhances secure file transfer capabilities.
• Continued organic growth through existing product suite.
• Innovative capabilities expected to increase market competitiveness.

Negative

• None.

Furthers Organic Growth Initiatives with Upgrades for HPE Nonstop Client

RESEARCH TRIANGLE PARK, N.C., Nov. 30, 2022 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. (OTC: ATDS) (“Data443” or the “Company”), a data security and privacy software company for “All Things Data Security,” today announces a $350,000 contract addition to an existing agreement with a leading global investment bank (the “Customer”). This contract addition relates to additional licensing for the Data443 Data Placement Manager™ product, an HPE NonStop server-based application for secure managed file transfer that enables customers to schedule, route, format, and securely transfer business-critical data over both public and private networks.

Headquartered in New York City, this global bank, which has over $2 trillion dollars in assets, has been a long-term customer of Data443, and utilizes Data443’s data transfer solution, operating on the HPE NonStop platform to send and receive tens of thousands of files daily, which are the core of the intra-banking relationship for most banks worldwide.

Data443 founder and CEO Jason Remillard commented, “Today’s announcement is indicative of our continued efforts to provide world-class service and support to our critical customers, enabling additional opportunities to enhance our customer relationships. Our software supports most of the world’s credit card processing transactions daily and has been doing so for over 20 years. The Customer is performing a significant upgrade and investment and Data443 has been engaged to provide additional capabilities for this upgrade.”

“Data443’s Data Placement Manager™ has played a critical role at some of the largest fin tech firms in the world for over two decades, providing additional upsell opportunities for us to demonstrate our capabilities throughout the entire Data443 product suite. We believe that our highly reliable and capable software, being price competitive, and our vision for our technology stack all contributed to this win,” concluded Mr. Remillard.

Data443 continues to win organic growth deals with its product suite.   According to the Gartner® report, Magic Quadrant for Data Integration Tools ^[1]: Data integration market experiences double-digit growth - the market grew at 11.8% in 2021 as compared with 6.8% in 2020. Market leaders continue to lose ground to smaller vendors and Support for hybrid and intercloud data management is now critical. Data location impacts performance, data sovereignty, application latency SLAs, high-availability and disaster recovery strategies, and financial models. Gartner estimates nearly half of data management implementations use both on-premises and cloud environments.

Coming off the recent announcement of its collaboration with Data Hound™ for Collaboration for Webex by Cisco, the Company continues to innovate and drive the industry forward with its unique capabilities surrounding data intelligence and classification. Data443 expects to offer the Data443 Data Hound™ capabilities into the systems of its Enterprise File Transfer customers in the first quarter of 2023. This additional intelligence capability informs clients as to whether data transfers are or are not sensitive, depending on their requirements. Data443 it is the only EFT/MFT vendor that enables data classification and reporting functions with over 1,200 built-in policies for over 2,100 file types – with the options for DRM protection, and built in Ransomware Protection.

To learn more about Data443, watch the Company’s video introduction on its YouTube channel: https://youtu.be/1Fp93jOxFSg 

Data443 offers free trials of all its technologies using its shopping cart system at https://orders.data443.com, or interested parties may email sales@data443.com to receive a quote.

About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTC: ATDS - All Things Data Security™) provides data security and privacy management solutions at home, in the small office and across the enterprise for the multi-cloud. Trusted by over 10,000 business customers, we focus on organizing the world’s data by identifying and protecting all sensitive data regardless of location, platform, or format.

For more information, please visit https://www.data443.com.

The Data443 investors presentation is available here, or visit the Company’s investor relations page at: https://data443.com/investor-relations/ 

Forward-Looking Statements 

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by use of terms such as “expect,” “believe,” “anticipate,” “may,” “could,” “will,” “should,” “plan,” “project,” “intend,” “anticipate,” “estimate,” “predict,” “potential,” “pursuant,” “target,” “continue” or the negative of these words or other comparable terminology. 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, are forward-looking statements. These statements are not guarantees of future performance and are subject to numerous risks, uncertainties and assumptions, many of which are difficult to predict or are beyond Data443’s control. These risks, uncertainties and assumptions could cause actual results to differ materially from the results expressed or implied by the statements. They may relate to the outcome of litigation, settlements and investigations; actions by third parties, including governmental agencies; volatility in customer spending; global economic conditions; inability 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 the Company’s charter documents; the uncertainties created by global health issues, such as the ongoing outbreak of COVID-19; and political unrest and conflict, such as the invasion of Ukraine by Russia. These and other important risk factors are described more fully in the Company’s reports and other documents filed with the Securities and Exchange Commission (the “SEC”), including in “Part I, Item 1A. Risk Factors” of the Company’s Annual Report on Form 10-K filed with the SEC on March 23, 2022 and in our subsequent filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to the Company on the date hereof. Except as otherwise required by applicable law, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events or otherwise.

“DATA443” is a registered trademark 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 press release are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.

For further information:         
Follow Data443 on Twitter: https://twitter.com/data443Risk 
Follow Data443 on Facebook: https://www.facebook.com/data443/ 
Follow Data443 on LinkedIn: https://www.linkedin.com/company/data443-risk-mitigation-inc/ 
Follow Data443 on YouTube: https://www.youtube.com/channel/UCZXDhJcx-XgMBhvE9aFHRdA 
Sign up for Data443’s Investor Newsletter: https://data443.com/investor-email-alerts/ 

Investor Relations Contact:
Matthew Abenante
ir@data443.com 
919-858-6542

Corporate Communications
IBN (InvestorBrandNetwork)
Los Angeles, California
www.InvestorBrandNetwork.com 
310.299.1717 Office
Editor@InvestorBrandNetwork.com 

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¹ Gartner, “Magic Quadrant for Data Integration Tools,” Ehtisham Zaidi | Sharat Menon | Robert Thanaraj | Nina Showell, Aug. 17, 2022.

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