Culmination of Two-Year Licensing Agreement Leads to Acquisition of Full Intellectual Property, Opening New Expansion Opportunities and Competitive Markets
RESEARCH TRIANGLE PARK, NC, February 19, 2021 – 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 all rights to the data archiving platform ArcMail, representing its first acquisition of 2021. This follows a two-year exclusive license agreement with ArcMail that was previously announced on February 11, 2019. The acquisition has closed, and all assets have been transferred. Terms of the transaction were not disclosed.
Founded in 2005, ArcMail is a pioneer and leader in the enterprise information and email archiving market. ArcMail offers customers a broad array of cost-effective, easy-to-use archiving solutions with comprehensive and tailorable features that ensure secure, compliant email, file, and other electronic data retention, storage, and retrieval. ArcMail solutions support all eDiscovery requests for electronically stored information for all regulated industries – Data Privacy, Healthcare, Financial Services, Legal Services, Government and Education. Key ArcMail product features include full-text indexing, granular retention rules; secure and customizable access and permissions; basic and advanced Boolean search; litigation and legal holds; and extensive import and export capabilities that accelerate and simplify eDiscovery requests and compliance audits.
Jason Remillard, CEO of Data443, commented, “Over the last two years the ArcMail product suite has been a tremendous differentiator for our Global Privacy Manager™ offering. We are the only privacy and governance suite provider in the marketplace that provides data archiving solutions (on-premise or in the cloud) for Office365, Google Suite, OneDrive, DropBox, and many other configurations. Privacy enablement for the GDPR, CPRA, or general FOIA requests continue to grow in complexity and burden for organizations of all sizes, and we continue to provide a fit-for-purpose solution for them.”
“Over the initial licensing period, Data443 has focused heavily on the customer base and has converted 100% of active customer base to an Annual Run Rate (ARR) subscription term. Our decision to acquire all rights to the ArcMail platform was an easy decision. The last 2 years has validated the continued demand for the ArcMail platform. We believe the acquisition will be seamless, with none of the integration costs or assimilation time delays commonly associated with acquisitions. This represents another important step in Data443’s continued differentiation from its competitors by offering a real technology stack with an active, vibrant customer base, growing feature sets, and significant investments in new features and capabilities. Our continued efforts in Data Privacy and Security compliance, governance, and enablement services continues to win customers, partners and analysts worldwide – it is solutions like these that help us get there,” added Mr. Remillard.
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