Data security and privacy software company Data443 Risk Mitigation Inc (OTCMKTS:ATDS) which is described as ‘All Things Data Security’ started off the week with a significant new announcement that could have a bearing on its stock.
The company announced that it got into an agreement to acquire some specific assets from Cyren Ltd. The transaction is a major milestone for the company given the fact that it would expand the product offerings and capabilities of Data443 Risk Mitigation. It would help the company in consolidating its position as the leader in the privacy and data security industry.
In addition to bolstering its privacy and data security offerings, the deal would also help the company in adding to its cyber threat intelligence services. As per the provisions of the agreement, Data443 Risk Mitigation would not only acquire goodwill but also the clients and the proprietary technology of Cyren.
The company would also acquire the intellectual property in relation to three services; email security, threat intelligence and URL categorization. The transaction is expected to be completed in the third quarter of 2023. It remains to be seen if the Data443 Risk Mitigation stock comes on to the radars of investors over the course of this week.