Business
LandStar, Inc. Closes Recurring Revenue, High Margin Generating Acquisition in $8 Billion Data Security Market Segment
LandStar, Inc. Closes Recurring Revenue, High Margin Generating Acquisition in $8 Billion Data Security Market Segment.
About this update from Data443 Risk Mitigation Inc Nev
[{"type":"text","content":"\n\n\n\nLandStar, Inc. Closes Recurring Revenue, High Margin Generating Acquisition in $8 Billion Data Security Market Segment\n\n\n\n\n\nLandStar, Inc. Closes Recurring Revenue, High Margin Generating Acquisition in $8 Billion Data Security Market Segment\nThird Completed Acquisition in 2018 Brings Monthly Recurring Revenue, EBIT Contribution and Blue-Chip Clientele into Data443\nPR Newswire\nRALEIGH, North Carolina, October 25, 2018\n\n\n\nRALEIGH, North Carolina, October 25, 2018 /PRNewswire/ --\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 the closing of the ARALOC™ acquisition.\n\nJason Remillard, Chief Executive Officer of LandStar and founder of Data443, commented, \"We have closed the ARALOC deal and continue to extend our lead as the top Privacy Compliance product suite in the market. The acquisition of ARALOC adds an unmatchable capability to our growing portfolio of cloud, data and security services to meet the rapidly expanding consumer privacy market.  Demand for consumer privacy solutions was ignited when congressional testimony brought to light the personal privacy violations inherent within the internet customer relationship practices of Fortune 500 companies like Facebook. LandStar is in a position to dominate that demand.\"  \n\nThe combined operations of the ARALOC™ platform provided (unaudited) EBIT contribution of approximately $500K USD in 2017 on roughly $600K in revenue. Extending the ARALOC technology to ClassiDocs and the 10,000+ existing active users of the WordPress GDPR (General Data Protection Regulation) Framework greatly expands the customer opportunity base for ARALOC.  \n\n\"ARALOC delivers solid recurring revenue, exceptional margins and existing blue-chip customers and a substantial customer prospect list. When combined with the DATA443 distribution partners and over 40 channel partners, we are well positioned to take advantage of the growing opportunity in data security and privacy\", continued Remillard.\n\nThe spending for the California Privacy Act (and expected US-Wide implementation) is expected to reach multiples of the $8B already spent by EU companies readying for the GDPR.  Data443 is posit...