As the trading week chugs along, new stocks are going to continue to emerge in light of fresh developments, and one of the stocks that could be worth tracking at this point is that of Data443 Risk Mitigation Inc. (OTC: ATDS). The company hit the news wires yesterday following a key announcement, and in this feature, we will take a closer look.
The Announcement
The data security and privacy software firm came into focus on Wednesday after it announced that it had reached a strategic agreement with the firm TierPoint. In the news release, Data443 Risk Mitigation announced that TierPoint was a top-tier, secure, connected data center and cloud services provider. Thanks to the agreement, it would be possible for the company to treble its data center infrastructure capabilities and help support its aims of bringing about quick customer growth. It would also help in providing greater operational efficiency and boost the upcoming AI programs.
Further Information
It was also noted that the collaboration will help Data443 Risk Mitigation in making use of the advanced facilities of TierPoint to boost its own capabilities in a big way. It is going to be interesting to see if this development leads to greater interest in the company’s stock or not.
Key Quote
Jason Remillard, Founder and CEO of Data443, commented, “Our partnership with TierPoint came together out of necessity in tripling our data center capacity to meet the current demands of our growing customer base. Working with TierPoint positions us for future expansion, particularly in the realm of AI-driven security solutions. TierPoint’s robust infrastructure and proven track record make them the ideal partner for these initiatives.”
