Data443 Risk Mitigation, Inc (ATDS) Announces Letter of Intent to Acquire Centurion Technologies


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(Updated – Aug 9, 2021 at 8:32 a.m. EDT)

Data443 Risk Mitigation, Inc. (OTCPK: ATDS), a leader in data security and privacy software, announced today that it has signed a letter of intent to acquire certain assets from Centurion Technologies I, LLC (“Centurion”), a leading provider of ransomware protection and workplace safety , DLP and associated management software and the innovator of Reboot / Restore Hard Drive Protection technology. The terms of the transaction were not disclosed.

what is centurion:

  • Recognized as the leading technical component to meet key requirements for the new mandates of the Cybersecurity & Infrastructure Security Agency (CISA) as mandated by the White House & Biden Administration.
  • Longstanding patent holder of the reboot / restore system technology for virus attacks and ransomware recovery, SmartShield®.
  • Other features include remote device management, DLP, advanced software distribution capabilities, and scheduled device operations.
  • Fully capable in distributed (laptops, desktops), virtual dense (VDI) and server environments (VM, Hyper-V).
  • Developed for use in native cloud environments (Google Cloud, Microsoft Azure, AWS) – including the recently announced Microsoft Windows 11, Microsoft Windows 365 and Amazon WorkSpaces.
  • Native integration with other leading AV providers such as McAfee, Norton, Microsoft Defender.
  • Over 3 million licenses used worldwide, strong concentration in USA and ASIAPAC
  • Protect myriad markets including education, public libraries, corporate, government, healthcare, banking and private environments worldwide.
  • Big focus on the consumer marketplace – marketing and support.
  • Serves on military missions including Enduring Freedom and other hostile computer environments.

Why it matters:

  • The deal is expected to occur at the same time as the upcoming major market uplist.
  • Ransomware will be the number 1 cyber threat to business in 2021 with no signs of change.
  • In combination with other functions (classification, detection, migration, encryption) the offer becomes unique and incredibly valuable for customers.
  • The acquisition will provide Data443 with valuable intellectual property and patents, customers, as well as an extensive portfolio of partners and integrations.
  • Continuous product offerings for the consumer market that offer significant growth opportunities.
  • Available for on-premises and via cloud SaaS deployments

Jason Remillard, Founder and CEO of Data443, commented, “The effects of the SolarWinds hack, the Colonial Pipeline attack, the JBS Food Processors shutdown, and the CNA insurance attack – to name a few – continue to demonstrate a persistent and ubiquitous one Threat to all nations and all citizens in high-risk scenarios. This is no longer a game played by script kiddies – these attacks are vicious, callous and very harmful. “

“Just last Friday I received an urgent call from a partner who had received an even more urgent call from a large US-based power generation organization. Due to the White House’s new CISA guidelines, this organization had to both report its current state of cyber response and have a full recovery plan – regardless of the cost – by Thursday. Similar scenarios play out across America every day – and not just for pipeline and nuclear power companies. This applies to banks, hospitals, state and local authorities – wherever there is a risk to life, freedom or financial resources, ”continues Remillard.

“Theft, extortion, loss of employee and customer data, and mass downtime are some of the most damaging activities any business can face. In fact, some don’t even survive. Our mission has always been to discover, categorize and protect all data. Centurion fits perfectly into our mission. Combined with our existing commercial offerings, it is a great fit for our open source community organizations that are both commercial (now over 8,000) and purely open source (over 450,000). The patented technology, the additional pure EBIT and the existing massive customer base, staff and timing are perfect for Data443 as we continue to grow and accelerate to reach our eventual senior market uplist. “

“The Data443 team has all of the additional skills we were looking for in a partner and ultimately – an acquirer. Fantastic product line, excellent implementation in the market and a storyline that meets customer needs. We are happy to be part of this story and look forward to the future! ”Commented Tripp Manheimer, President of Centurion Technologies.

The transaction will complete the terms of an OEM agreement signed with Centurion in early 2021. The deal is subject to due diligence and traditional closing conditions. The expected closing will take place immediately after the large upward market list.

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