Business
Data443 Expands Its Global Customer, Technology Base with Transformative Acquisition of Select Israel-based Cyren Ltd. Assets
Data443 Expands Its Global Customer, Technology Base with Transformative Acquisition of Select Israel-based Cyren Ltd. Assets.
About this update from Data443 Risk Mitigation Inc Nev
[{"type":"text","content":"\n Onboarding Customers Representing Over $15 Million in Unaudited FY 2022 Revenue Cyren’s Threat Intelligence Service Protects Over 1 Billion Users Globally RESEARCH TRIANGLE PARK, N.C., and HERZLIYA, Israel, May 15, 2023 (GLOBE NEWSWIRE) -- via IBN -- Data443 Risk Mitigation, Inc. (OTCPK: ATDS) (“Data443” or the “Company”), a data security and privacy software company for \"All Things Data Security,\" today announces that it has entered into a definitive agreement to acquire select assets from Cyren Ltd. (“Cyren”). The acquisition will expand Data443's capabilities and product offerings, solidifying its position as a market leader in the data security and privacy industry. The transaction greatly expands Data443’s data security and protection capabilities and augments its cyber threat intelligence (CTI) services. These offerings, coupled with the Company’s award-winning ransomware protection and recovery capabilities, continue to challenge the rapidly expanding marketplace, which includes vendors such as: Crowdstrike, Google/Mandiant, SentinelOne, Cisco and Microsoft. Under the terms of the agreement, Data443 will acquire goodwill, clients and Cyren's proprietary technology and intellectual property related to three services: threat intelligence, URL categorization and email security. The transaction, which is expected to close in the third quarter of 2023, will enable Data443 to enhance its existing product portfolio and accelerate the development of next-generation solutions. Cyren's technology is based on a combination of artificial intelligence, machine learning and big data analytics, which has enabled Cyren to identify and mitigate threats in real time and much earlier than its competitors.  “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,” stated 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 ...