ATDS - Data443 Risk Mitigation jumps 25% on acquisition of data archiving platform

Data443 Risk Mitigation (ATDS) jumps 25.5% after it announced the acquisition of all rights to the data archiving platform, ArcMail, in an exclusive 2-year license agreement.The purchase marks the company's first acquisition of 2021, formerly announced in February last year.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 product suite has been the tremendous differentiator for Data443's global privacy manager offering in the last two years, report. "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. 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," said Data443 CEO Jason Remillard.

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Data443 Risk Mitigation jumps 25% on acquisition of data archiving platform