Marketing Worldwide Corporation Acquires Application Security Company and Partners with Global Digital Forensics, Inc. to Earn a Stake in the Multi-Billion Dollar Cyber Security Industry

Rhea-AI Summary

Marketing Worldwide Corporation (MWWC) has announced the acquisition of Application Security Company and formed a partnership with Global Digital Forensics, Inc to enhance its position in the cyber security market. Application Security serves over 800,000 customers with its patent-pending technology for real-time threat response, while Global Digital Forensics offers extensive data protection services with over 40,000 subscribers. The cyber security market is projected to grow from $146.3 billion to $211.67 billion by 2026, highlighting the strategic importance and expected revenue growth from this acquisition.

Positive

• Acquisition of Application Security expected to enhance product offerings and user base.
• Partnership with Global Digital Forensics aims to integrate advanced data protection services.
• Access to a growing market projected to exceed $211.67 billion by 2026.

Negative

• None.

CHEYENNE, WY / ACCESSWIRE / March 9, 2022 / Marketing Worldwide Corporation, (OTC PINK:MWWC), 'the Company', has completed the acquisition of Application Security and partnership with Global Digital Forensics, Inc.

APPLICATION SECURITY and GLOBAL DIGITAL FORENSICS:

Application Security Company ("AS") is a Cyber Security Company used by over 800,000 customers, and boasts its patent pending technology that allows real time response to cyber threats and data breaches.

Global Digital Forensics, Inc ("GDF") is a computer forensics and data protection company that offers a wide array of services throughout the Cyber Security sector. Currently, ‘GDF' has over 40,000 subscribers utilizing the https://evestigate.com/ platform, and offers a variety of products and unique solutions to countless clients; which include many Fortune 500 companies.

Marketing Worldwide expects to integrate the ‘AS' products suite and 'GDF' services into the #Minosis family, providing layers of security and protection to the 'MWWC' user base as well as significant revenue growth. This will be a first-of-its-kind implementation where Cyber Forensics, E-Discovery and Breach Response Protocol meet with the #Cryptocurrency industry, in what the Company hopes will pioneer the way to becoming a dynamic Crypto Forensics and Crypto ‘DBR' Protocol (Data Breach).

The Cyber Security market is currently at $146.3 Billion (USD) with an annual projected growth to exceed $211.67 Billion (USD) by 2026.

Source: https://www.statista.com/outlook/tmo/cybersecurity/worldwide

In 2021, the #Cryptocurrency investors suffered losses in excess of $14 Billion (USD), an increase in 79% from 2020; in part, due to scams and fraud perpetrated by anonymous developers and "Rug Pull" projects accounting for approximately $7.8 Billion (USD), the remaining losses were derived from hacked accounts and lost wallet to wallet transactions. Finding and identifying these losses will become a huge market.

Source: https://www.cnbc.com/2022/01/06/crypto-scammers-took-a-record-14-billion-in-2021-chainalysis.html

"The Cyber Security market is red hot! Marketing Worldwide is seeing a significant need for investment protection and data breach protocols in the #cryptocurrency sectors, and we expect the biggest growth in this industry to be in the Crypto Forensics space; which is why we believe this acquisition and partnership is so advantageous. We anticipate an increase in demand for the Cyber Security products already being offered by 'AS', while we continue to develop new products with 'GDF'; which, could result in increased sales projections in the Tens of Millions. We welcome the Application Security Company and Global Digital Forensics Team to Marketing Worldwide and #Minosis. We look forward to claiming our stake in the Cyber Security global market, and are extremely excited to be working with some of the top talent involved with this acquisition" stated Jason Schlenk $MWWC CEO.

Contact Information

Twitter: @MWWCOfficial
Email: LetsConnect@marketingworldwide.co
Website: www.marketingworldwide.co

Forward Looking Statements:

This press release contains forward-looking statements. The words 'believe,' 'may,' 'estimate,' 'continue,' 'anticipate,' 'intend,' 'should,' 'plan,' 'could,' 'target,' 'potential,' 'is likely,' 'will,' 'expect' and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

SOURCE: Marketing Worldwide Corporation ("MWWC")

View source version on accesswire.com:
https://www.accesswire.com/692229/Marketing-Worldwide-Corporation-Acquires-Application-Security-Company-and-Partners-with-Global-Digital-Forensics-Inc-to-Earn-a-Stake-in-the-Multi-Billion-Dollar-Cyber-Security-Industry

FAQ

What did Marketing Worldwide Corporation announce on March 9, 2022?

Marketing Worldwide Corporation announced the acquisition of Application Security Company and a partnership with Global Digital Forensics, Inc.

How will the acquisition impact MWWC's business?

The acquisition is expected to enhance MWWC's product offerings and drive significant revenue growth in the cyber security sector.

What are the key products of the companies involved in the acquisition?

Application Security provides real-time response technology to cyber threats, while Global Digital Forensics offers data protection and forensics services.

What is the current size of the cyber security market?

The cyber security market is currently valued at $146.3 billion and is projected to grow to over $211.67 billion by 2026.

What challenges could MWWC face after the acquisition?

Integration challenges and the need to effectively position themselves in the competitive cyber security market could pose risks.