Summary "If Data443 can execute on its ambitiou
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Posted On: 08/21/2018 11:41:06 AM
Summary
"If Data443 can execute on its ambitious growth strategy, the company has a sizable market opportunity, as there is growing need and demand for cybersecurity services and solutions. That 61% of the companies that experienced data breaches in 2017 employ fewer than 1,000 people underscores, we believe, the opportunity that a start-up such as Data443 might have in success. The company’s founder and CEO has significant IT experience, which the company likely can leverage to promote and grow its technology products. As noted earlier, there are many small and mid-sized companies that cannot maintain internal IT controls and need to rely on third-party solutions such as those that Data443 provides.
The company has accomplished a lot in a short period of time, but likely is not on the radar screen yet for most investors. If Data443 can deliver on the revenue run rate of $8 million to $10 million and continue to grow the company from that base, we would expect more investors to notice and pay attention."
"If Data443 can execute on its ambitious growth strategy, the company has a sizable market opportunity, as there is growing need and demand for cybersecurity services and solutions. That 61% of the companies that experienced data breaches in 2017 employ fewer than 1,000 people underscores, we believe, the opportunity that a start-up such as Data443 might have in success. The company’s founder and CEO has significant IT experience, which the company likely can leverage to promote and grow its technology products. As noted earlier, there are many small and mid-sized companies that cannot maintain internal IT controls and need to rely on third-party solutions such as those that Data443 provides.
The company has accomplished a lot in a short period of time, but likely is not on the radar screen yet for most investors. If Data443 can deliver on the revenue run rate of $8 million to $10 million and continue to grow the company from that base, we would expect more investors to notice and pay attention."
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