World News: 14:13 GMT Monday 11th February 2019. [DATA443 Risk Mitigation Inc. via Globe Newswire via SPi World News]
RALEIGH, N.C., Feb. 11, 2019 (GLOBE NEWSWIRE) -- LandStar, Inc. () (“LandStar” or the “Company”), the parent company of Data443™ Risk Mitigation, Inc. (“Data443”), a leading data security and privacy company, today announced that the Company has signed a two-year exclusive partnership agreement (the “Agreement”) with ArcMail, a leading provider of enterprise information and email archiving solutions for businesses of all sizes across a wide range of vertical markets. The Agreement is anticipated to add $2 million in revenue over the next twelve months for Data443 and enables cross-selling to its large existing customer base. The product line will be offered immediately to the International reseller and VAR channel that Data443 has established.
Founded in 2005, ArcMail is a pioneer and leader in the enterprise information and email archiving market. ArcMail offers customers a broad array of cost-effective, easy-to-use archiving solutions with comprehensive and tailorable features that ensure secure, compliant email, file, and other electronic data retention, storage, and retrieval. ArcMail solutions support all eDiscovery requests for electronically stored information for all regulated industries – Data Privacy, Healthcare, Financial Services, Legal Services, Government and Education. Key ArcMail product features include full-text indexing; granular retention rules; secure and customizable access and permissions; basic and advanced Boolean search; litigation and legal holds; and extensive import and export capabilities that accelerate and simplify eDiscovery requests and compliance audits.
Jason Remillard, CEO and President of LandStar, Inc. and founder of Data443, commented, “This technology is a key component of our Data Privacy and Governance offerings. Data search, retention and classification are all core tenants of any security program. One of the major attractive features of ArcMail’s technology is its ease of speed of deployment and immediate cost savings. Our cloud-based offerings will be expanded and integrated with this new technology.”
Rory Welch, President and CEO of ArcMail, stated, “We are thrilled to be teaming up with Jason and the Data443 team. This Agreement reflects the incredible value of a combined offering to take advantage of industry demand. We’ve been following the Data443 story for some time and are excited to be a part of Jason’s vision of building a suite of products that addresses growing global compliance and governance requirements. At ArcMail, we’ve always embraced these types of opportunities to work with our customers and bring them peace of mind.”
The ArcMail transaction is the latest in a series of transactions made by Data443 as it continues its path to scale the business, grow its customer base, and bring meaningful, high margin revenues to the Company. In October 2018, Data443 announced the acquisition of ARALOC, an industry-leading secure digital content distribution and communications platform that protects an organization’s confidential content and intellectual property assets from leakage – malicious or accidental – without impacting communications and collaboration between all stakeholders. In November 2018, Data443 announced a letter of intent to acquire N8 Identity, a leader in agile, cloud-based identity governance solutions.
“Whenever we evaluate partnerships, acquisitions, or licenses, we look for opportunities to find complementary technologies and skill-sets that can easily fit and rapidly enhance our market positioning, provide a healthy customer base, and are accretive to our bottom-line . ArcMail satisfied all of these factors, particularly within its utility for GDPR compliance, as well as the forthcoming California Consumer Privacy Act, along with several other states with similar proposed legislation. Partnering with a company like ArcMail, combined with our recent achievements, is a significant milestone on our roadmap to becoming a leader in the data security industry,” concluded Mr. Remillard. The agreement includes a purchase option after year two.
Any forward-looking statement is made only as of the date of which such statement is made. Except as otherwise required by applicable law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.Data443™, ClassiDocs™ and ARALOC™ are registered trademarks of Data443 Risk Mitigation, Inc.
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Investor Relations Contact: Matthew Abenante Porter, LeVay & Rose, Inc. 212.564.4700
A photo accompanying this announcement is available at
Globe Newswire: 14:13 GMT Monday 11th February 2019
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