Data443 Wins Multi-Year Contract with Major US Energy Provider with Over 30,000 Employees
Data443 Risk Mitigation, Inc. (OTCPK: ATDS) has secured a new 3-year contract with a major US-based energy provider and its 18 subsidiaries. This agreement involves an upfront subscription for Data443’s Data Identification Manager™, enhancing data governance through machine learning. The deal highlights Data443’s agility in addressing critical data security needs amidst evolving regulatory frameworks.
- Secured a 3-year contract with a major US energy provider, signaling strong market demand.
- Upfront subscription payment structure improves cash flow stability.
- Data Identification Manager™ enhances data governance and reduces operational risks.
- None.
3 Year Contract Delivers Data Governance and Entity Extraction with Machine Learning Capabilities – Reducing Risk Profile
RESEARCH TRIANGLE PARK, NC, Feb. 14, 2022 (GLOBE NEWSWIRE) -- Data443 Risk Mitigation, Inc. ("Data443" or the "Company") (OTCPK: ATDS), a leading data security and privacy software company, today announced a new 3-year agreement with a leading US-based energy provider and its 18 subsidiaries – providing gas, wind, nuclear and other energy sources in the southeast US.
This fast-moving organization has committed to a long-term subscription license that will be paid up-front for Data443's Data Identification Manager ™, the leading data identification, classification, migration, and privacy management offering. Data443's Data Identification Manager identifies information in various repositories – including Microsoft's Sharepoint, OpenText, M-Files – and makes intelligent and programmatic decisions based on business rules and trained machine learning rules to migrate, dispose or archive data. Most importantly – it assigns risk values to information sets so the organization may react accordingly.
Leading the market in data discovery capabilities for years, with over 900 sensitive data policies in 14 languages that greatly reduce false positives and ensure organizations don't have to become taxonomy experts, Data443's data management platforms continue to garner deep trustworthiness and operational success in the field – with customers and industry analysts alike.
Jason Remillard, Data443's Founder and Chief Executive Officer, commented, "Data has become one of the most valuable assets in today’s organizations. Ensuring its security, placement, processing activities and other risk factors for the business continues to be a challenge for any organization of any size. This energy provider customer is facing additional challenges posed by recent policy changes from the White House around critical infrastructure requirements and regulations."
"Data443 excels in situations with customers facing changing requirements and rapid movements of information. Our growing customer base agrees with this assessment. We take our role in securing critical services, data, and indeed – people – very seriously and continue to make that our main mission as we progress through massive shifts in IT services, spending, and demands from clients," concluded Mr. Remillard.
Data443 offers several licensing models: individual, small business, and major enterprise bundles. Additionally, there are sell-with bundles that match valuable Data443 products that directly benefit users and enterprises.
Clients can learn more directly at: https://data443.com/data-identification-manager/
About Data443 Risk Mitigation, Inc.
Data443 Risk Mitigation, Inc. (OTCPK: ATDS) is an industry leader in All Things Data Security®, providing software and services to enable secure data across local devices, networks, cloud, and databases, at rest and in flight. With over 3,000 customers in over 100 countries, Data443 provides a modern approach to data governance and security by identifying and protecting all sensitive data regardless of location, platform, or format. Our industry-leading framework helps customers prioritize risk, identify security gaps, and implement overall data protection and privacy management strategies.
For more information, please visit https://www.data443.com
To learn more about Data443, please watch our video introduction on our YouTube channel: https://youtu.be/1Fp93jOxFSg
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 March 23, 2021; 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.
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Investor Relations Contact:
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