Recapping Data443 Risk Mitigation Inc.’s (ATDS) Transformative Acquisition and Breakthrough First Quarter Results
Data443 recently announced the acquisition of certain assets from Israeli-based cyber-security firm, Cyren Ltd., previously a company listed on the Nasdaq stock exchange The deal will see Data443 acquire capabilities within three significant revenue segments: threat intelligence, URL categorization, and email security The acquisition marks a major milestone, providing Data443 with direct access to customers with previously contracted revenues of approximately $15 million with upside potential The acquisition follows Data443’s First Quarter 2023 results, which saw dramatic increases in revenues (+125% YoY) and gross margins (over a third to 85%), driving a remarkable 184% YoY surge in gross profit Data443…