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Landstar, Inc. Announces That Data443 Has Signed Letter of Intent to Acquire N8 Identity in Accretive Deal Valued at $3.2 Mil in Cash and Stock
Landstar, Inc. Announces That Data443 Has Signed Letter of Intent to Acquire N8 Identity in Accretive Deal Valued at $3.2 Mil in Cash and Stock.
About this update from Data443 Risk Mitigation Inc Nev
[{"type":"text","content":"\n\n\n\nLandstar, Inc. Announces That Data443 Has Signed Letter of Intent to Acquire N8 Identity in Accretive Deal Valued at $3.2 Mil in Cash and Stock\n\n\n\n\n\nLandstar, Inc. Announces That Data443 Has Signed Letter of Intent to Acquire N8 Identity in Accretive Deal Valued at $3.2 Mil in Cash and Stock\nPR Newswire\nRALEIGH, North Carolina, November 8, 2018\n\n\n\nRALEIGH, North Carolina, November 8, 2018 /PRNewswire/ --\n\nAccretive Acquisition of Identity and Access Governance Leader Expected to Close Before End of 2018 \n\nN8 Identity brings 12 month run rate of $2.6 mil in revenues and 700k+ EBIT Contributions; Facilitates Significant Ramp-Up of Data Security and Privacy acquisition strategy \n\nLandStar, Inc. (OTCPK: LDSR) (\"LandStar\" or the \"Company\"), the parent company of Data443™ Risk Mitigation, Inc. (\"Data443\"), a leading data security and privacy company, announced today that the company has signed a letter of intent to acquire all technology, sales assets, and customers of N8 Identity (\"N8\"),a leader in agile, cloud-based identity governance solutions. N8 Identity had revenues of 2.6 mil in last 12 months and had EBIT of 700k+. Landstar subsidiary Data 443 acquired N8 for $3.2 Million in cash and restricted stock.\n\nN8 Identity has been architecting, implementing, and managing large complex Identity and Access Management (IAM) ecosystems since 2000. N8 Identity's award-winning Identity-as-a-Service governance platform, TheAccessHub, is an industry game-changer. TheAccessHub features a Artificial Intelligence-driven risk engine, which represents a new and intelligent shift in identity governance by providing Access Advisory and Peer Access analytics, virtually eliminating the operation and security challenges associated with previous generation role discovery, engineering and management solutions.\n\nDesigned in the cloud and mobile-first, TheAccesHub runs on Microsoft's Azure platform, offering fast and simple implementation with no customization or coding required.\n\nIn addition to its suite of proprietary solutions, N8 currently manages more than one million employee and customer identities across its managed service customer base, leveraging the Azure platform and transitioning customers to the cloud. N8's customer base includes some of the world's largest organizations in the financi...