NetworkNewsBreaks – Data443 Risk Mitigation Inc.
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Data443 (OTC: ATDS), a data security and privacy software company for “All Things Data Security,” today announced its entry into a definitive agreement to acquire select assets from Cyren Ltd. According to the announcement, the acquisition will expand Data443’s capabilities and product offerings, solidifying its position as a market leader in the data security and privacy industry. “Cyren is a leader in emerging and high-volume risk mitigation for some of the world’s largest name brand organizations we all use today,” said Jason Remillard, Data443’s CEO and founder. “This business has a tremendous track record, providing fast-breaking threat detection services and threat intelligence to major firewall vendors, email providers and leading cybersecurity vendors, as well as other industries such as a gaming console manufacturer and the world’s largest shopping and e-commerce providers. Our goal is to expand beyond the OEM market into the larger enterprise market. The threat intelligence market is massive – an *$18 billion-plus market opportunity growing at a 20.3% CAGR.”
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